1 December 2017

Tanzania: Exports Rise to Six Months High

TANZANIA'S exports rose to six months high in June thanks to gold that contributed the largest share of the increase, according to newly released Central Bank data.

The data show export climbed to 738.9 million US dollars at the end of June from 557.7 million US dollars in May, which was the lowest since April 2015. Between January and June total exports dropped to lowest figure of 557.7 million US dollars in May, which was the lowest since April 2015.

Almost similar figure was of 771.2million US dollars reached in January. The BoT data showed that traditional export contributed merely 17.3 million US dollars because traditionally June is none agro-export season.

In comparison agro-export contributed only 13.6 million US dollars last June and 11.4 million US dollars in 2015. The season pick is between September and March. On other hand, non-traditional export contributed 441 million US dollars in the month under correspondence of which gold contributed a lion share.

Gold raked in 138 million US dollars, manufacturing 72.8million US dollars, re-exports fetch 40 million US dollars and other products 151.6 million US dollars.

Service industry also contributed 280.6million US dollars of which over two-third 157.8 million US dollars came from travel receipt--mainly tourism--followed by transport 84.6 million US dollars and freight 72.9 million US dollars.

Tanzania

Hosts Win Cecafa, Basena's Cranes Settle for Third Slot

Kenya was determined to win the Cecafa tourney they hosted and thanks to their spot kick speciality, they overcame… Read more »

Copyright © 2017 Tanzania Daily News. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 900 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.