Trade Balance in Tanzania

Tanzania Trade Balance | Economic News & Forecasts

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  

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Tanzania Trade Balance Chart

Tanzania Trade Balance
Note: Trade balance in USD bn

Tanzania Facts

Value Change Date
Bond Yield14.730.0 %Dec 31
Exchange Rate2,3000.0 %Jan 01
Stock Market1.20.0 %Jan 06

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