The value of Zanzibar’s exports rose to $181.6 million, up from $142.8 million recorded during the same period last year largely due to an increase in receipts from cloves and tourism.
According to the Bank of Tanzania (BoT) Monthly Economic Review for September 2022, service receipts increased by 3.9 percent to $104.2 million, while cloves exports rose to $50.6 million from $S17.3 million recorded in the corresponding period in 2021.
“On month-to-month basis, goods exports increased to $5.3 million in August 2022 compared to $2.1 million in July 2022 but decreased compared to $17.7 million in August 2021” the report said.
Meanwhile the Imports of goods and services rose to $500.7 million under the reviewed period, from $382 million recorded in the corresponding period in 2021, largely due to increases in imports of intermediate and consumer goods.
Intermediate goods imports rose to $332.1 million from $188.4 million, mainly due to increase in imports of industrial supplies, fuel and lubricants (particularly white petroleum products) as well as food and beverages (particularly edible oil and wheat), as compared to the corresponding period in 2021.
“The rise in imports of consumer goods was recorded in food and beverage for household consumption, non-industrial transport equipment and other consumer good categories.” the report added.
On month-to-month basis, imports (f.o.b.) amounted to $45.1 million in August 2022, compared to $31.4 million in July 2022 and $31.4 million in August 2021.