Tanzania recorded a trade deficit of 1091.20 USD Million in the second quarter of 2019. Balance of Trade in Tanzania averaged -1060.51 USD Million from 2012 until 2019, reaching an all time high of -501.90 USD Million in the fourth quarter of 2017 and a record low of -1714.92 USD Million in the third quarter of 2013.

Balance of Trade in Tanzania is expected to be -769.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Tanzania to stand at -601.00 in 12 months time. In the long-term, the Tanzania Balance of Trade is projected to trend around -857.00 USD Million in 2020, according to our econometric models.

Tanzania Balance of Trade
Forecast Data Chart
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Tanzania Trade Last Previous Highest Lowest Unit
Balance of Trade -1091.20 -901.20 -501.90 -1714.92 USD Million [+]
Current Account -860.40 -499.20 -173.90 -1486.97 USD Million [+]
Current Account to GDP -1.80 -4.50 -0.20 -13.40 percent [+]
Imports 2127.20 1952.60 3062.08 1775.30 USD Million [+]
Exports 1047.70 1226.00 1598.90 936.20 USD Million [+]
Terms Of Trade 101.80 101.20 119.40 100.00 Index points [+]
Terrorism Index 3.37 3.41 3.98 0.06 [+]
External Debt 21754.90 22237.70 22237.70 2469.70 USD Million [+]
Capital Flows -284.42 -358.50 1606.20 -1327.00 USD Million [+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1091.20 -901.20 -501.90 -1714.92 2012 - 2019 USD Million Quarterly
Current Prices, NSA

Country Last Previous
Argentina 1744.00 Sep/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 14702.40 Aug/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -10860.00 Sep/19
Indonesia -160.50 Sep/19
Italy 2585.00 Aug/19
Japan -122.98 Sep/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3833.90 Sep/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -3984900.00 Aug/19
Switzerland 2881.00 Sep/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19