Tanzania Exports Rise By 9.2 Per Cent On Strong Industrial Manufacturing

Posted on :Monday , 4th January 2016

Tanzania's value of exports has increased by 9.2 per cent as manufacturing improved in the year ending 2015, according to the Bank of Tanzania (BoT).

The exported goods and services reached $9.4 billion, said the latest Monthly Economic Review for November.

Foreign exchange earner increased from $1.98 billion to $2.23 billion during the corresponding period last year.

Manufacturing exports also improved from $1.21 billion to $1.31 billion in the same period.

The traditional exports increased by nine per cent to $839.2 million largely driven by improved performance in the export of cashew nuts, coffee, sisal and tobacco. The improved performance of export of cashew nuts was a result of increase in both volume and price, while that of coffee and sisal was driven by price changes. The export value of tobacco was due to an increase in volume.

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