The value of exports of goods and services in Zanzibar increased to $205.7m in April 2022 from $101.5 recorded during the same period last year on increased exports of goods and service receipts for cloves and tourism, according to the Monthly Economic Review for May, 2022 released by the Bank of Tanzania.
According to the report, Zanzibar’s service receipts increased by 56.4 per cent to $118.2 million while cloves export rose to $62.8m from $1.7m recorded in the corresponding period last year.
“On month-to-month basis, goods exports were $2.1m in April 2022 compared to $1.1m in April 2021 and $6.9m million in March 2022,” the report said.
Meanwhile, the value of imports of goods and services rose to $462.6m in April 2022 from $363.5m recorded last year largely associated with increase in imports of intermediate and consumer goods.
Intermediate goods import rose to $283.3m from $153.2m largely associated with increase in imports of white petroleum products, edible oil and wheat, as compared to corresponding period in 2021.
“The rise in imports of consumer goods were recorded in food and beverage for household consumption and all other consumer goods”, Central Bank report added. On month-to-month basis, imports amounted to $36.8m in April 2022, compared to $21 recorded in April, 2021 and $ 33.6m recorded in March 2022 respectively.