- File Size 0.00 KB
- File Count
- Create Date 12 months ago
- Last Updated Apr 22, 2020
Trade and Regional Integration in Tanzania: FY2019/20
Tanzanian merchandise trade imports have been decrease faster than exports during the period from 2015 to 2018. This has improved Tanzania’s gross official reserves supported by depreciation of the TZS. The faster decrease in merchandise trade imports has been undermined by rising services imports deteriorating Tanzania’s current account balance. Tanzania is still dependent on mineral commodity and agriculture-based exports which are also its top traded goods with its neighbours in the East African Community (EAC) and the Southern African Development Community (SADC). However, Tanzania is poorly integrated in both EAC and SADC and its trade is unbalanced due to the persistent merchandise trade surplus in both regions. This suggests that there is significant room to increase Tanzania’s trade to both regions and Tanzania might want to rebalance its trade towards greater reliance on EAC in order to reduce its stronger reliance on SADC.