Zanzibar exports climb to USD 9.6m
By Beatrice Philemon
Zanzibar total export revenues for January rose to USD 9.6m up from USD 5.6m registered in December last year, mainly driven by cloves.
Bank of Tanzania Monthly Economic Review of February this year indicates that clove exports increased in both volume and price to the tune of USD 5.3m from USD 1.0m posted in December 2007.
Furthermore services receipts from tourism related activities decreased slightly to USD 4.3m from USD 4.6m realised in the previous month due to low tourism season.
On annual basis, total export proceeds amounted to USD 92.7m down from USD 102.6m registered in the corresponding period in 2007, mainly on account of decrease in receipts from services receipts.
On the other hand, cloves exports declined dramatically to USD 4.0m from 9.0m, recorded in the same period in 2006 and represented 4.3 percent of total exports receipts.
Seaweeds exports are equally becoming important export commodity as it fetched USD 2.2m or 2.4 percent of total receipts and manufactured goods exports amounted to USD 3.7m, constituting 4.0 percent of total exports receipts .
Fish and fish produce exports stood at USD 0.2m while earnings from other exports amounted to USD 4.3m or 4.6 percent of total export receipts.
Zanzibar imports performance decreased to USD 6.3m from USD 7.2m recorded in the preceding month, responding to slow down in import of capital goods particularly transport equipment and machinery and this was also mainly associated with completion of some major projects.
At the same time, capital goods imports amounted to USD 2.6m down from USD 3.7m registered in December 2007. And intermediate goods imports which are driven by oil rose to USD 2.6m from USD 2.4m registered in the previous month, it indicates.
The report also indicates consumer goods importation increased to USD 1.2m from USD 1.1m mainly as a result of increase in imports of (clothes and foot wear.
Also on annual basis, goods imports went up to USD 93.1m from USD 80.7m recorded in the corresponding period in 2007 largely due to increase in capital goods imports, especially building and construction materials and transport equipment.
The increase corresponds with boom in construction sector and expanding transit cars business with Tanzania Mainland.
Also food and food stuffs imports remained at USD 6.3m, same as the previous corresponding period in 2007
Hivi kweli nchi yenye watu zaidi ya milioni moja( sawasawa na Mauritius) inaweza kujisifia kuongeza export kutoka dola milioni tatu kwa mwezi hadi milioni tisa na nusu? Na hii ikafanywa kichwa cha habari! Tutafika kweli?