Tanzania's trade surplus across East Africa rose to $484 million
Tanzanian President Samia Suluhu Hassan and Kenya President Uhuru Kenyatta during the Kenya-Tanzania Business forum at Serena Hotel, Nairobi, on May 5, 2021. FILE PHOTO | NMG
The country also reported a highly-improved trade surplus of $1.09 billion with Southern Africa Development Community (SADC) countries, indicating a further expansion of its sub-Saharan trade network.
Kenya remained Tanzania’s main trading partner within the EAC bloc, accounting for 28.4 percent of intra-EAC exports and 76.4 percent of imports in 2020.
According to the Bank of Tanzania’s 2020/2021 Annual Report released on December 31, Tanzania exported goods worth $811.2 million to the EAC region in 2020, up from $678.5 million in the previous year, while imports from the bloc declined slightly from $334.7 million to $326.7 million.
