Tanzania Import Export Analysis

Bullock carts traverse rustic roads only a few miles away from SUVs humming along on the highways. Seaports and island resorts built for tourists stand alongside shanties and towns. Vast wildlife reserves complement marine animals thriving in the Indian ocean. 
     
This is the complex and beautiful nation of Tanzania. It is a land of natural wonders and bounteous mineral resources. The long coastline is home to some of the finest beaches in the world. Tourists flock to destinations such as Zanzibar and Serengeti National Park, among others. Tanzania import export trade flourishes through the port of Dar es Salaam. 

 A wide network of national parks and the great Mount Kilimanjaro (Africa’s highest peak) complete the traveller’s dream of exploring Africa in its truest state. Unsurprisingly, tourism makes up most of Tanzania’s revenue. Before Covid-19 halted international travel, the Tanzanian service industry accounted for about 40% of the nation’s GDP. The government has been lauded for fast-tracking post-COVID economic recovery and being on track to achieve 5 million visitors by 2025.   

Tanzania Export Analysis 

Tanzania’s export economy is heavily dependent upon precious and semi-precious metals. In fact, the mining industry is responsible for half of Tanzania’s exports. Tanzania’s most valuable trade relations arise from the export of copper to India ($260 million) and Gold to the United Arab Emirates ($806 million). Diamonds are also extensively mined in Tanzania.
 
The nation has entered into trade agreements, investment deals and cooperation summits with several other countries. Indian, European and Chinese importers and exporters can benefit greatly from trade with Tanzania. The agribusiness industry in Tanzania is a sleeping giant that could improve domestic food security. Experts say that there is enough agribusiness potential in Tanzania to supplement exports too. The Trade Vision’s vast bank of data is quintessential to deeply understand Tanzania’s export and import dynamics.
 
Tanzania’s top export commodities are- 
•    Gold ($2.36 billion)
•    Coconuts, Brazil Nuts, and Cashews ($386 million)
•    Raw Copper ($345 million)
•    Precious Metal Ore ($343 million)
•    Dried Legumes ($208 million)

Let us examine the leading export partner nations- 
•    India ($891 million)
•    United Arab Emirates ($866 million)
•    Switzerland ($796 million)
•    Uganda ($734 million)
•    China ($388 million)

Tanzania Import Analysis

The nation’s import data is characterized by its developing nature. Tanzania imports most basic goods from China, the top commodities include footwear, apparels, electronics and rubber tires. The Trade Vision is the place to be if you seek carefully devised datasets and accurate market intelligence reports of Tanzania’s import data.  

Here are Tanzania’s top import commodities- 
•    Refined Copper ($1.55 billion)
•    Refined Petroleum ($730 million)
•    Packaged Medicaments ($368 million)
•    Palm Oil ($302 million)
•    Wheat ($219 million)

The leading import partners are- 
•    China ($4.17 billion) 
•    Democratic Republic of the Congo ($1.67 billion) 
•    India ($1.41 billion)
•    United Arab Emirates ($788 million)
•    South Africa ($336 million)

Eastern African Cooperation and Tanzania

The nations that make up East Africa are some of the poorest in the world. Decades of economic mismanagement, conflicts and global neglect have all contributed to exploitation in the region. Tanzania’s neighbors such as Kenya, Uganda, Democratic Republic of Congo and others must look to coordinate their economic policies and make the most from cohesive trade. International development agencies must turn their attention to Eastern Africa’s development. The mineral-rich lands of the region promise not only trade opportunities for all but are also a beacon of hope for the worst poverty-stricken communities in the world. 

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