Tanzania's share of EAC trade increasing steadily

Tanzania's share of EAC trade increasing steadily

msemakweli

msemakweli

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TANZANIA'S share of trade in the East African Community is expected to be further buoyed by rising exports from its growing manufacturing sector.

Exports to East African Community partner states hit record high in 2013 with total trade turnover glossing over 1.5 billion US dollars, according to the East African Community Facts and Figures for 2014.

The East African Community second largest economy had a positive balance of trade in the EAC region with a surplus of 723 million US dollars in 2013 up from a deficit amounting to 158.8 million US dollars in 2012.

Compared with 2012, Tanzania's intra-EAC trade grew by 26 per cent in 2013, with exports rising by an impressive 115 per cent, although imports declined by 41 per cent, the figures showed. Kenya remained Tanzania's main EAC trade partner, with trade flows totalling 1.2 billion US dollars.

Information from the Ministry of East African Cooperation shows the main exports to the East African Community region include machines, fertilizers, cement, electrical equipments, ships and boats equipments, cereals, oil products and their distillations, paper and textiles.

However, Tanzania's exports to the EAC constitute a minor share out of the country's total exports in 2013 which reached about 8.5 billion US dollars, according to Bank of Tanzania reports.

Tanzania main exports partners are India, Japan, China, United Arab Emirates, Netherlands and Germany. Tanzania major exports are agricultural commodities with tobacco, coffee, cotton, cashew nuts, tea and cloves being the most important.

Other exports include gold and manufactured goods. And in a separate report by the Bank of Tanzania, exports from the manufacturing sector, which make a bulk of the country's exports to the EAC region, have been ever increasing.

The latest Monetary Policy Report (MPS) showed exports by manufacturers increased by almost 14 per cent between July and November overtaking gold which fell by 26.4 per cent. Industrial exports raked in 615.6 million US dollars while gold earned the country 504 million US dollars.

The manufacturing sector is on steady growth in Tanzania with figures showing the growth increased from 5.5 per cent in 1998 to 7.7 per cent in 2013 due to increase in industrial production particularly beverage, cement, iron and agricultural processing.

Its contribution to the economy increased in average of 9.02 per cent from 8.37 per cent in 1998 up to 9.92 per cent in 2013, according to the Minister for Industry and Trade, Dr Abdallah Kigoda.

About 99.6 per cent of industries in Tanzania are in infant stage which needs capacity building to enable them compete in the domestic and global market, the minister said in Parliament last year.

He said 88 per cent of industries in Tanzania were micro industries, 10.5 per cent are small scale industries. 0.2 per cent are medium scale industries and 0.4 per cent are large scale.
Click to expand...

http://goo.gl/pEBmzY

Cc kadoda11 MK254 hbuyosh flyingcrane Kambalanick joka kuu
NB: We are exporting MANUFACTURED goods, not raw unprocessed ones like most of you Kenyans here like to claim!
 
Kutoka deficit ya 158.8 million usd hadi surplus ya 723 million usd ndani ya mwaka mmoja ni mafanikio makubwa sana
Nani anaweza kutujuza nini hasa siri ya mafanikio haya ya muda mfupi?
 
Good news...
Kuna mtu anafanya BoT alishanambia kuwa these days mapato tu hasa kwenye kukusanya kodi yako juu...
Tatizo labda liko kwenye matumizi...
 
Ndugu zangu watanzania hongereni tena sana, hizi habari nzuri zimekuwa hadimu kweli mpaka roho inaniuma kila nikipita kule jukwaa la siasa ni vilio tu mpaka nawaonea huruma ndugu zangu, ningekuwa sijarudisha gamba langu ningerudi kuwaokoa, msijali mazuri yako mbeleni, Mungu aliyetupa kipindi kile ataongeza tu kuwakumbuka...
 
TanzaniaLaw said:
No I did not, consequently, the report did not mention any product but rather said growing manufacturing sector.
Click to expand...
Information from the Ministry of East African Cooperation shows the main exports to the East African Community region include machines, fertilizers, cement, electrical equipments, ships and boats equipments, cereals, oil products and their distillations, paper and textiles.
 
nyumba kubwa said:
Information from the Ministry of East African Cooperation shows the main exports to the East African Community region include machines, fertilizers, cement, electrical equipments, ships and boats equipments, cereals, oil products and their distillations, paper and textiles.
Click to expand...
The quote says exports "TO" East Africa and not from East Africa. Please, I need to know the products manufactured in Tanzania.
 
TanzaniaLaw said:
The quote says exports "TO" East Africa and not from East Africa. Please, I need to know the products manufactured in Tanzania.
Click to expand...
...itakuwaje from East Africa afu iitwe export...unajua maana ya export na import????

Soma vizuri habari yote hapo nimekupa hints tu...otherwise unataka kuelewa out of context...japo sioni kisichoeleweka hata kwenye hii quote...
 
nyumba kubwa said:
Information from the Ministry of East African Cooperation shows the main exports to the East African Community region include machines, fertilizers, cement, electrical equipments, ships and boats equipments, cereals, oil products and their distillations, paper and textiles.
Click to expand...

nyumba kubwa said:
...itakuwaje from East Africa afu iitwe export...unajua maana ya export na import????

Soma vizuri habari yote hapo nimekupa hints tu...otherwise unataka kuelewa out of context...japo sioni kisichoeleweka hata kwenye hii quote...
Click to expand...
Read the contents of the quote, inter-alia, in Tanzania you don't make Ships, boats, machines, etc,

EXPORT TO the East African .....,
 
msemakweli said:

http://goo.gl/pEBmzY

Cc kadoda11 MK254 hbuyosh flyingcrane Kambalanick joka kuu
NB: We are exporting MANUFACTURED goods, not raw unprocessed ones like most of you Kenyans here like to claim!
Click to expand...
Tanzania main exports partners are India, Japan, China, United Arab Emirates, Netherlands and Germany. Tanzania major exports are agricultural commodities with tobacco, coffee, cotton, cashew nuts, tea and cloves being the most important.
Click to expand...

This statement makes a lot of sense.
 
TanzaniaLaw said:
Read the contents of the quote, inter-alia, in Tanzania you don't make Ships, boats, machines, etc,

EXPORT TO the East African .....,
Click to expand...

The report said ships equipment not ships...mbona unasoma robo robo...wewe unajua viwanda vyote vya Tanzania?
 
TanzaniaLaw said:
This statement makes a lot of sense.
Click to expand...
Ushaambiwa Tanzania's manuactured exports to the EAC include cement, fertilizer, electrical equipment, oil products, paper and textiles et cetera
What more do you want?
 
msemakweli said:
Ushaambiwa Tanzania's manuactured exports to the EAC include cement, fertilizer, electrical equipment, oil products, paper and textiles et cetera
What more do you want?
Click to expand...
Tanzania main exports partners are India, Japan, China, United Arab Emirates, Netherlands and Germany.Tanzania major exports are agricultural commodities with tobacco, coffee, cotton, cashew nuts, tea and cloves being the most important.
Click to expand...

The annexed statement does not supports what you construed.
 
Kobello said:
Dah mpaka nimepata headache .... annoying!
Click to expand...
Information from the Ministry of East African Cooperation shows the main exports to the East African Community region include machines, fertilizers, cement, electrical equipments, ships and boats equipments, cereals, oil products and their distillations, paper and textiles.
Click to expand...

Let me reduce the headache to you.

Just give me the names of the Ships, Boats and Electrical Equipment that are made in Tanzania. "Words in Red"
 
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