Exports in Tanzania increased to 849.40
million US dollars in November, 2016 from 778.30 million US dollars in
October. Exports averaged 545.31 million US dollars from 2006 until
2016, reaching an all time high of 995.30 million US dollars in January,
2016 and a record low of 228.70 million US dollars in March, 2006,
according to TradingEconomics.
ANNUAL value of exports of goods and services has increased by 5.2 percent to 9,381.6m/- US dollar in December 2016, according to the Bank of Tanzania (BoT) monthly economic review for January, 2017.
According to the report, to a large
extent, the increase came from improved performance across the major
exports, save for manufactured goods exports that slightly declined.
Annual value of traditional export rose by 11.6 percent to 885.6m/- US
dollar in December 2016 from the corresponding period in 2015.
The report shows that except for coffee
and sisal, all other export crops increased. Moreover export value of
cotton, tea, tobacco and cashew nuts increased on account of both volume
and price. Cloves export also improved due to volume, as price
declined. Decreases in the value of coffee and sisal exports were driven
by fall in price and volume, respectively.
To a large degree, prices of the
traditional exports were consistent with the general trend in commodity
prices in world market. Non-traditional exports amounted to 4,286m/ US
dollar, up from 4,117.9m/ US dollar in the year ending December 2015.
Much of the increase came from exports
of gold, horticultural products, and reexports. Export of gold, which
dominated other non-traditional exports, increased by 22.5percent to 1,
449.4m/US dollar, owing to a steady recovery in price in the world
market and increase in export volume.
By contrast, export of manufactured
goods dropped by 20percent to 1, 092.1m/ US dollar. Commodities that
recorded large declines include edible oil, plastic goods, ceramic, and
glassware products. Re-exports increased by 24.4 percent to 480m/ US
dollar, most of which occurred in submersible drilling equipment,
fertilisers, and motor vehicles.
Moreover, foreign exchange earnings from
services increased to 3,687.3m/- US dollar from 3,524.9m/- US dollar in
the year ended 2015, primarily driven by travel and transportation
receipts.
According to the report, travel receipts
rose by 11 percent to 2,231.4m/- US dollar as a result of increase in
number of tourist arrivals, whilst transport receipts improved by 2.7
percent to 1,051m/- US dollar.
However, the volume of transit goods remained broadly the same as in the preceding year
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