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Tanzania trade with other EAC Partner States surges by 82 percent

Tanzania’s exports to the EAC partner states has increased by 82 percent between 2012 and 2013 owing to growth in industrial sector and traders’ positive response to ever growing EAC market.

According to provisional data for the year 2013, released by Minister for East African Cooperation Hon. Samuel Sitta in the Parliament, the value of Tanzania’s exports was US$ 1120.1 million which is an increase of 82 percent.

Hon. Sitta said the value of goods exported to other Partner States also increased from US$ 409 million in 2011 to US$ 613.30 million in 2012.

The products exported most include: machines, fertilizers, electrical equipments, ships and boats equipments, cereals, oil products and their distillations, paper and textiles.

“This is an indication that the industrial sector in the country is sustainably growing and Tanzania’s traders are responding positively towards the opportunities availed by the East African Customs Union,” said the Minister

He said provisional data for the year 2013, Tanzania imports from other Partner States were US$ 410.2 million which is a decrease of 39.5 percent, creating a positive balance of payment.

In the year 2012 Tanzania imports from other Partner States was US$ 678.60 million compared to US$ 378.10 million in 2011. The most imported goods were motor vehicle spare parts, electrical equipments and their spare parts, cereals, cooking oil, soap and packaging materials.