Tanzania Import Data
Total HS code(6-digit)
3,194
Total Buyers
5,641
Total Supply Country/Region
11
Total Amount (USD)
12,718,830,803,260
Data displayed above is sourced from our database and does not fully represent the country’s trade activities.
Tanzania's Import/Export Overview and Domestic Market Update
Imports & Exports
Top Trade Partners: Tanzania conducts its primary trade with China, India, South Africa, and the United Arab Emirates, showcasing a diverse but strategic trade network.
Imports: The leading imports include machinery, vehicles, refined petroleum, and pharmaceuticals, which collectively account for a significant portion of the total imports.
Exports: Dominant exports consist of gold, tobacco, cloves, and coffee, contributing substantially to the national export revenue.
Trade Balance: Tanzania experiences a trade deficit, with imports outweighing exports, although efforts are underway to boost local production and export potential.
Trade Policies: The government implements policies to encourage local industries, such as tariffs on certain imports and incentives for export-oriented businesses.
Domestic Market
Consumer Spending: Consumer expenditure remains robust, driven by a growing middle class and increasing urbanization, although economic uncertainties can impact spending patterns.
Inflation & Interest Rates: Inflation rates have been relatively stable, influenced by global commodity prices and local agricultural yields. Interest rates are managed to control inflation and stimulate economic growth.
Supply Chain Dynamics: The supply chain in Tanzania is improving, thanks to investments in infrastructure and logistics, but still faces challenges due to regional unrest and global supply disruptions.
Industry Performance: Agriculture, mining, and telecommunications sectors are performing well, contributing to economic growth. Tourism and construction are also key contributors, although they face seasonal and investment-related challenges.
Overall Outlook
Tanzania's economy shows resilience in the face of global challenges, with a focus on diversifying its trade partners and strengthening domestic industries. The outlook is cautiously optimistic, with continued growth expected in key sectors and efforts to address trade imbalances.
