East Africa

Top 3 sources of Tanzania's import, Exports Markets

Tanzania is one of the most preferred destinations for Foreign Direct Investment (FDI) in Africa – accounting among the 10 biggest recipients of FDI in Africa.

According to Tanzania’s National Bureau of Statistics, foreign direct investment to Tanzania was $1,190.5 million in 2021 compared with USD 943.8 million in 2020, equivalent to an increase of 26.1 percent.

In the same period, the total stock of FDI stood at USD 17.1 billion, around 24.4% of the country’s GDP. The manufacturing, mining, and energy sectors are the primary recipients of FDI in Tanzania.

Investors are drawn to the country’s commitment to implementing sound macroeconomic policies, its efficient privatization program and abundant natural resources.

However, low levels of industrial development, environmental concerns, lack of transparency and poor compliance with legislation are barriers to investment.

India is the biggest market for Tanzania’s exports and is the third-largest source of imports for the country

Top 3 destinations for Tanzania’s imports

China $3.94 billion

United Arab Emirates $2.49 billion

India $1.96 billion

Top 3 destinations for Tanzania’s exports

India $1.17 billion

South Africa $929.6 million

United Arab Emirates (UAE) $763 million

U.S. goods exports to Tanzania in 2022 were $260 million, down 7.9 percent ($22 million) from 2021.

U.S. foreign direct investment (FDI) in Tanzania (stock) was $1.4 billion in 2022, a 3.5 percent increase from 2021.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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