Tanzania recorded a trade deficit of 320.20 USD Million in the third quarter of 2020. source: Bank of Tanzania

Balance of Trade in Tanzania averaged -978.17 USD Million from 2012 until 2020, reaching an all time high of -93.28 USD Million in the second quarter of 2020 and a record low of -1714.92 USD Million in the third quarter of 2013. This page provides the latest reported value for - Tanzania Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Tanzania Balance of Trade - values, historical data and charts - was last updated on March of 2021.

Balance of Trade in Tanzania is expected to be -868.84 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Tanzania to stand at 3240.66 in 12 months time. In the long-term, the Tanzania Balance of Trade is projected to trend around -827.55 USD Million in 2022 and -856.61 USD Million in 2023, according to our econometric models.

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Tanzania Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-320.20 -93.28 -93.28 -1714.92 2012 - 2020 USD Million Quarterly
Current Prices, NSA

Tanzania Trade Last Previous Highest Lowest Unit
Balance of Trade -320.20 -93.28 -93.28 -1714.92 USD Million [+]
Current Account -362.50 -238.71 -49.90 -1486.97 USD Million [+]
Current Account to GDP -2.10 -3.30 -0.20 -13.40 percent [+]
Imports 2138.90 2127.10 3062.08 1775.30 USD Million [+]
Exports 1724.50 1476.24 1724.50 936.20 USD Million [+]
Terms Of Trade 107.50 104.10 119.40 100.00 points [+]
Terrorism Index 3.11 3.27 3.98 0.06 [+]
External Debt 24000.10 23813.60 24000.10 2469.70 USD Million [+]
Capital Flows -351.40 460.17 1606.20 -1327.00 USD Million [+]


Tanzania Balance of Trade
Tanzania major exports are agricultural commodities with tobacco, coffee, cotton, cashewnuts, tea and cloves being the most important. Other exports include gold and manufactured goods. Tanzania main exports partners are India, Japan, China, United Arab Emirates, Netherlands and Germany. Tanzania imports mostly transport equipment, machinery, constructions materials, oil, fertilizers, industrial raw materials and consumer goods. Main imports partners are: China, India, South Africa, Kenya and United Arab Emirates.