Tanzania exports up 15 pct to $.54 billion in October on non-traditional exports

The value of Export of goods and services in Tanzania improved, rising by 15.5 percent to $13.544 billion in the year during October this year from the level recorded in the preceding year according to the Bank of Tanzania (BoT) Monthly Economic Review for November, 2023

The performance was largely contributed by non-traditional exports mainly manufactured goods, minerals-mainly gold, and horticultural products.

Available data from the Central Bank shows that the export of non-traditional goods grew by 5.5 percent with the value of gold exports rising to $2.98 billion up from $2.81 billion in October 2023, on account of both volume and price effects.

The Export of traditional goods edged up to USD 910.3 million from USD 742.7 million, largely driven by exports of coffee and tobacco.

“On a monthly basis, export of traditional goods almost doubled to $120.9 million higher than

$64.5 million recorded in a similar month in 2022. Conversely, non-traditional exports fell to $532.2 million from $552 million,” the report shows.