The East African country Tanzania is popular for its wilderness areas and is spread over an area of 945,087 square kilometers. Kenya and Uganda are the neighboring countries in the north accompanied by Rwanda and Burundi-like countries in the west. Being one of the largest countries in Africa, it possesses a group of small islands like Unguja and Pemba. The country has a population of around 60 million people with two official native languages Swahili and English.
As per the Tanzania Import Data, the import trade business of the country has recorded continuous growth in the global market with a rate of 6% increase per year. In 2023 the country has achieved new records by a trade value of 15 billion US dollars with top imported products like machinery and mechanical appliances. The increase in imports of the country leads the GDP to grow at an average rate of 5.8% from 2022 to 2023. The GDP of the country continues its growth and reached a value of 73.7 billion US dollars in 2023.
The abundance of natural resources present there indulges the country in expanding its services. The top importing products of Tanzania in 2023 are mentioned below,
1. Refined petroleum (HS code – 27)
Tanzania is rich in ground-earth minerals and is highly dependent on refined petroleum for energy generation. This petroleum fuel plays a significant role in the industries and accounts for an import value of 2.5 billion dollars in 2023.
2. Motor vehicles (HS code – 87)
Along with the increasing population, the demand for transportation is also increasing in the country. The transport industries are demanding more transport resources and such motor vehicles account for 1 billion dollars in 2023.
3. Palm oil (HS code – 15)
Just like other fields, agriculture plays a significant role in the increasing economy of Tanzania. The country used to import a massive quantity of palm oil to other trades, which accounts for 1 billion dollars in trade value in 2023.
4. Medicines (HS code – 98)
The healthcare sector in the country demands high import of medicines from different nations to meet the needs of healthcare sectors. The Tanzania customs data depicts that the packed medicines imported from other states account for 800 million dollars in 2023.
5. Wheat (HS code – 10)
The improper amount of wheat production in Tanzania leads to the import of wheat and other grains from different states. The agriculture industry demands the import of such products to meet the dietary trends, import of wheat has a trade value of 700 million US dollars in 2023.
6. Telephones (HS code – 85)
Communication is the key to the increasing business reach of the country; the telephonic industry urges more tech-specified devices. The telecommunication industry accounts for 600 million US dollars in the year 2023.
7. Computers (HS code – 84)
Computers and other digital tools are the primary requirements of tech industries to enlarge the technology-based services of the country. Tanzania has imported digital products worth 500 million US dollars in 2023.
8. Staple food (HS code – 21)
The unstable domestic production of the country asks for more import of staple food from other estates. The import of staple food supports the agriculture industry in expanding its trade rate with an overall trade value of 400 million in 2023.
9. Gold (HS code – 71)
Tanzania the largest producer of gold imports this precious metal from different nations to meet the domestic requirement of the country. The total import of gold accounts for 300 million US dollars in 2023.
10. Tractors (HS code – 87)
The farmers require more agricultural products to stabilize the domestic rate of staple food. The import value of tractors in 2023 is at 200 million US dollars.
As per the Tanzania customs data, the country is majorly dependent on its import trade rate for its economic growth. The nation is expanding its services to countries like China and India followed by others as listed below,
1. China - For the past few years, China has been the topmost trading partner of Tanzania to maintain its global trade rank. Machinery and other vehicle parts imported from China hold a value of 6 billion US dollars.
2. India – India is the second top trading partner of Tanzania in 2023, because of the high amount of trade of staple food with the country. The imported trade value of Tanzania with India accounts for 4 billion US dollars.
3. UAE – UAE holds the third position in the list with an import trade value of 2 billion US dollars. The top imported products of the UAE include oil products, costly metals, and motor vehicles.
4. South Africa – The leading economies of Africa export products like refined petroleum and motor vehicles to Tanzania which accounts for 1 billion US dollars in 2023.
5. Lebanon – As per the Tanzania trade data, Lebanon holds the fifth position in the list with the trade of pharmaceuticals and medical equipment worth 800 million US dollars in 2023.
6. United States – The United States traded products worth 700 million US dollars in 2023 with top products like machinery, electronics, and vehicles.
7. Japan – Japan is the seventh top trading partner of Tanzania but the top tech-specified trading partner of the country. The electronics, telephones, and other machinery imported from Japan are worth 600 million US dollars in 2023.
8. Germany – Germany traded products worth 500 million US dollars in 2023, imports are pharmaceuticals and vehicles.
9. Thailand – With a traded value of 400 million US dollars of products like furniture and electronics, Thailand holds the ninth position on the list.
10. Kenya – Rounding off, Kenya shares 300 million worth of products in the total import trade value of 2023 with products like petroleum fuels and organic chemicals.