Trade deficit

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Tanzania trade with Kenya fell by $35,8 million in 2018, down from a surplus of $90,2 million in 2017.

The last trade deficit between the two countries was recorded in 2014 when it stood at $208,7 million before jumping into a surplus of $491,7 million in 2015.

A fall in exports led to a huge drop in trade to $313,8 million in 2015.

Available figures show that regionally, the trade balance between Tanzania and the other East Africa Community (EAC) countries remained on the surplus for four consecutive years.

Tanzania’s trade deficit with the EAC states was only recorded in 2014 at $108,3 million before going to a high surplus of $581,7 million in 2015 and $103,3 million in 2016.

Most of Tanzania’s exports are destined for Kenya followed by Uganda.

Tanzania’s major exports in the EAC region were beans, maize, sisal rope, tea and mosquito nets.

Major imports were medicines and soaps.

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