Zanzibar’s exports value declined $187.4 million in November 2022 from $195.7 million recorded during the similar period in 2021 according to the Bank of Tanzania (BoT) Monthly Economic Review for December 2022.
According to the report, cloves exports however recorded an annual decline of 2.2 per cent that is mostly explained by the cyclical nature of the crop.
Service receipts in particular tourism rose during the review period, partly due to an increase in the number of tourist arrivals.
“On a monthly basis, exports of goods amounted $15.4 million in November 2022 higher than $10.4 million in November 2021,” the statement said.
Imports
Meanwhile, the Imports of goods and services in Zanzibar rose to $557.1 million from $430.6 million recorded in the year ending November 2021, driven by intermediate and consumer goods imports.
Intermediate goods imports rose to $370.4 million from $239.3 million, largely due to increase in imports of iron, steel, plastic articles, refined white petroleum, edible oil and wheat.
“The rise in consumer goods imports was mostly influenced by other consumer goods categories, particularly pharmaceutical products, soap and detergent, and textile apparels,” the report said.
On month-to-month basis, imports amounted to $67.9 million in November 2022, compared to $34.1 million recorded in November 2021.
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