Goods, services imports fall

 Daily News reporter

DAR ES SALAAM:THE imports of goods and services decreased to 16,222.2 million US dollars in the year ending last November compared with 16,315.3 million US dollars in the

corresponding period a year before ensuing from a fall in goods import bill largely white petroleum products.

The Bank of Tanzania (BoT) monthly economic review for December last year shows that imports of machinery, industrial transport equipment motor cars and food and beverages for industrial use increased, while that of refined white petroleum products fell by 14.5 per cent to 2,799.7 million US dollars on account of price effect.

Every month, goods import was 1,307.1 million US dollars compared with 1,237.4 million US dollars in the corresponding period in 2022.

Services payments slightly increased to 2,396.7 million US dollars from 2,385.4 million US dollars in the year to November 2022, due to a rise in transportation and travel services.

Every month, service payments fell by 20.1 million US dollars to 212.2 million US dollars in November last year.

The primary income account recorded a deficit of 1,279.5 million US dollars slightly lower than 1,293 million US dollars recorded in the year ending November 2022.

Every month, the primary account deficit amounted to 127.4 million US dollars lower than 143.3 million US dollars in November 2022.

The secondary income account balance improved to a surplus of 649.8 million US dollars in the year to the last November from a surplus of 610 million US dollars in the corresponding period in 2022, due to the rise in personal transfers.

Monthly analysis indicated secondary income account to have a surplus balance of 50.1 million US dollars lower than 59.7 million US dollars in November 2022.