Trade Balance in Tanzania
Tanzania - Trade Balance
Following Q2’s GDP growth, conditions should have continued to improve in Q3 and at the outset of Q4. Merchandise exports increased at a quicker pace on average in Q3 compared to the prior quarter, pointing to healthier foreign demand dynamics, and they continued to grow in October, albeit at a softer pace. Meanwhile, goods import growth softened in Q3, but accelerated markedly in October, signaling healthier domestic demand at the outset of the fourth quarter. Moreover, personal credit expanded at a quicker rate in Q3 than in Q2 and accelerated further in October, boding well for household spending. Meanwhile, in mid-November, the IMF approved and disbursed two thirds of the country’s Special Drawing Rights quota—around USD 372 million—in emergency financial assistance to enable the implementation of its Covid-19 relief plans.Tanzania - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | -5.0 | -3.6 | -3.0 | -3.6 | -3.4 |
Tanzania Trade Balance Chart
Tanzania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 14.73 | 0.0 % | Dec 31 |
| Exchange Rate | 2,300 | 0.0 % | Jan 01 |
| Stock Market | 1.2 | 0.0 % | Jan 06 |
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