Merchandise exports stood at an annual share of 42%, while service exports stood at an annual share of 14% in 2024. The export performance has risen by 14.2% from the previous year, with a 37.4% share of gold from Tanzania. The strategic trade partnerships with top shipment holders like the Democratic Republic of Congo have been fostering the annual valuation by a crucial rate, with a representative increase of 4.4% in the annual revenue generation share worth 16 billion US dollars in 2024.

Tanzania's import market growth has been simultaneously increasing with the export revenue rate, marking a 7.2% increase from the previous year. Import of top commodities like petroleum products, machinery, and equipment has increased by 10.2% and 9.5% with an annual revenue share of 22.9% in 2024. The Crucial Contribution of Merchandise Import Shares stands at an Annual Percentage of 65%, whereas Service Import stands at an Annual Trade Percentage of 22.5% worth an annual import value of 10 billion US dollars in 2024.

Overview of the Import and Export Market of Tanzania in 2024

The Key Exports of Tanzania in 2024

Tanzania's export sector has recorded an annual increase of 15.1% from the previous year's valuation. The country has introduced a diversifying portfolio of export services to fulfill the global increasing trade demands. According to the Tanzania Export Data, the top 10 leading variants of goods exported from the nation in 2024 are,

1. Gold - The export trade value of Gold from Tanzania in 2024 - 3.2 billion US dollars.

2. Coffee - The export trade value of Coffee from Tanzania in 2024 - 2.5 billion US dollars.

3. Cashew Nuts - The export trade value of Cashew nuts from Tanzania in 2024 - 2.2 billion US dollars.

4. Cotton - The export trade value of Cotton from Tanzania in 2024 - 1.9 billion US dollars.

5. Tobacco - The export trade value of Tobacco from Tanzania in 2024 - 1.6 billion US dollars.

6. Minerals - The export trade value of Minerals from Tanzania in 2024 - 1 billion US dollars.

7. Tea - The export trade value of Tea from Tanzania in 2024 - 700 million US dollars.

8. Fish Products - The export trade value of Fish products from Tanzania in 2024 - 600 million US dollars.

9. Sisal - The export trade value of Sisal from Tanzania in 2024 - 500 million US dollars.

10. Manufactured Goods - The export trade value of Manufactured goods from Tanzania in 2024 - 300 million US dollars.

Tanzania's Export Overview of Goods: Last 5 Years

The Key Export Partners of Tanzania in 2024

The export landscape of Tanzania has recorded a dynamic shift in its trading partnerships, reflecting evolving regional and global economic trends; According to the Tanzania Trade Data, the top 10 export trade partners of the nation in 2024 are,

1. India - According to the India Import Data, the total valuation of goods exported from Tanzania in 2024 - 4.8 billion US dollars.

2. China - According to the China Import Data, the total valuation of goods exported from Tanzania in 2024 - 3.5 billion US dollars.

3. South Africa - According to the South Africa Import Data, the total valuation of goods exported from Tanzania in 2024 - 2.7 billion US dollars.

4. Belgium - According to the Belgium Import Data, the total valuation of goods exported from Tanzania in 2024 - 1.5 billion US dollars.

5. Kenya - According to the Kenya Import Data, the total valuation of goods exported from Tanzania in 2024 - 1 billion US dollars.

6. Brazil - According to the Brazil Import Data, the total valuation of goods exported from Tanzania in 2024 - 700 million US dollars.

7. United Arab Emirates - According to the United Arab Emirates Import Data, the total valuation of goods exported from Tanzania in 2024 - 600 million US dollars.

8. Rwanda - According to the Rwanda Import Data, the total valuation of goods exported from Tanzania in 2024 - 500 million US dollars.

9. Netherlands - According to the Netherlands Import Data, the total valuation of goods exported from Tanzania in 2024 - 400 million US dollars.

10. Japan - According to the Japan Import Data, the total valuation of goods exported from Tanzania in 2024 - 380 million US dollars.

Major Imports of Tanzania in 2024

Tanzania's import economy was stabilized by the increase in the production capacities of the manufacturing units. The country has imported a diverse range of products with refined petroleum, accounting for 15.3% of total imports. According to the Tanzania Import Data, the top 10 leading imported categories of the nation in 2024 are,

1. Petroleum Products - The import trade value of Petroleum Products in Tanzania 2024 - 2.4 billion US dollars.

2. Machinery and Mechanical Appliances - The import trade value of Machinery and mechanical appliances in Tanzania 2024 - 1.8 billion US dollars.

3. Electrical Machinery and Equipment - The import trade value of Electrical machinery and equipment in Tanzania 2024 - 1.5 billion US dollars.

4. Vehicles - The import trade value of Vehicles in Tanzania 2024 - 879 million US dollars.

5. Electronic Equipment - The import trade value of Electronic equipment in Tanzania 2024 - 654 million US dollars.

6. Iron & Steel - The import trade value of Iron & Steel in Tanzania 2024 - 478 million US dollars.

7. Plastics - The import trade value of Plastics in Tanzania 2024 - 324 million US dollars.

8. Cement - The import trade value of Cement in Tanzania 2024 - 287 million US dollars.

9. Textile Articles - The import trade value of Textile articles in Tanzania 2024 - 189 million US dollars.

10. Medicinal & Pharmaceutical Products - The import trade value of Medicinal & Pharmaceutical products in Tanzania 2024 - 165 million US dollars.

Tanzania's Import Overview of Goods: Last 5 Years

Top Import Trade Partners of Tanzania in 2024

The import economy of Tanzania was influenced by its trade partners. The country has adopted strategic pricing ranges as per the valuable tariff rate of implemented value-added taxes over regional shipments. According to the Tanzania Customs Data, the top 10 import trade partners of the nation in 2024 are,

1. China - According to the China Export Data, the total valuation of goods imported in Tanzania 2024 - 3.2 billion US dollars.

2. India - According to the India Export Data, the total valuation of goods imported in Tanzania 2024 - 2.8 billion US dollars.

3. United Arab Emirates - According to the United Arab Emirates Export Data, the total valuation of goods imported in Tanzania 2024 - 1.7 billion US dollars.

4. South Africa - According to the South Africa Export Data, the total valuation of goods imported in Tanzania 2024 - 1 billion US dollars.

5. Japan - According to the Japan Export Data, the total valuation of goods imported in Tanzania 2024 - 680 million US dollars.

6. Malaysia - According to the Malaysia Export Data, the total valuation of goods imported in Tanzania 2024 - 478 million US dollars.

7. Thailand - According to the Thailand Export Data, the total valuation of goods imported in Tanzania 2024 - 345 million US dollars.

8. Germany - According to the Germany Export Data, the total valuation of goods imported in Tanzania 2024 - 276 million US dollars.

9. United States - According to the USA Export Data, the total valuation of goods imported in Tanzania 2024 - 187 million US dollars.

10. Saudi Arabia - According to the Saudi Arabia Export Data, the total valuation of goods imported in Tanzania 2024 - 142 million US dollars.

Tanzania Import and Export Market Growth (2023 vs 2024)

Government Policies and Agreements Supporting Tanzania's Trade of 2024

1. Revitalization of Tanzania Zambia Railway - Tanzania, Zambia, and China have signed the Memorandum of Rehabilitation of the 1,860-km-long Tatara Railway. The initiative was implemented with the aim to enhance rail, sea transport, and East Africa facilitation. The implementation is for the movement of goods such as shale oil, copper, and cobalt to Tanzania for improving regional trade connection.

2. Economic Partnership with South Korea - The South Korea and the Philippines Congress was one of the crucial agreements signed by the government authorities for commencement of negotiations for economic partnership agreements. The agreement was implemented with the aim to deepen the trade relations and to support access to critical minerals, and also in the course of expansion for clean energy technologies.

3. Evolution of the Port of Dar es Salaam - Aligned with the European Union's Global Gateway Strategy, Tanzania has implemented an agreement for the modernization of the port of Dar es Salaam. The project works to enhance trade efficiency, sustainability, and regional connectivity by advancing Tanzania's low-carbon transport goals.

FAQ'S

Que. Who is the top export trade partner of Tanzania in 2024?
Ans. China is the top export trade partner of Tanzania in 2024.

Que. What is the export trade value of Tanzania in 2024?
Ans. The export trade value of Tanzania in 2024 is 16 billion US dollars.

Que. Who is the top import trade partner of Tanzania in 2024?
Ans. The top import trade partner of Tanzania in 2024 is China.

Que. What is the import trade value of Tanzania in 2024?
Ans. The import trade value of Tanzania in 2024 is 10 billion US dollars.

Que. Where can you get a detailed trade analysis of Tanzania's Trade in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of Tanzania's Trade in 2024.

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