Tanzania recorded a trade deficit of 1371.70 USD Million in the first quarter of 2022. source: Bank of Tanzania

Balance of Trade in Tanzania averaged -991.87 USD Million from 2012 until 2022, reaching an all time high of -98.80 USD Million in the second quarter of 2020 and a record low of -1866.33 USD Million in the first quarter of 2014. 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 June of 2022.

Balance of Trade in Tanzania is expected to be -1018.84 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Tanzania Balance of Trade is projected to trend around -827.55 USD Million in 2023 and -856.61 USD Million in 2024, according to our econometric models.

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Tanzania Balance of Trade

Related Last Previous Unit Reference
Balance of Trade -1371.70 -1118.60 USD Million Mar 2022
Current Account -1315.90 -769.10 USD Million Mar 2022
Current Account to GDP -1.50 -2.40 percent of GDP Dec 2020
Exports 1509.80 1895.50 USD Million Mar 2022
Imports 2394.00 2091.70 USD Million Jun 2021
External Debt 28081.80 28349.00 USD Million Apr 2022
Capital Flows 507.80 -173.20 USD Million Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-1371.70 -1118.60 -98.80 -1866.33 2012 - 2022 USD Million Quarterly
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