Your question: What is the balance of trade between Kenya and Tanzania?

The overall trade between Tanzania and Kenya thus amounted to US $18.8 million, with a trade balance in favor of Kenya by US $4.4 million.

How much does Kenya export to Tanzania?

Kenya exports to Tanzania was US$329.56 Million during 2019, according to the United Nations COMTRADE database on international trade. Kenya exports to Tanzania – data, historical chart and statistics – was last updated on May of 2021.

Does Tanzania have a positive or negative balance of trade?

A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. In 2019, Tanzania’s trade deficit amounted to around 4.45 billion U.S. dollars.

Tanzania: Trade balance from 2009 to 2019 (in billion U.S. dollars)

Trade balance in billion U.S. dollars

What does Kenya export to Tanzania?

Kenya traditionally exports lime, cement, fabricated construction materials and consumer goods to Uganda. Tanzania was last year Kenya’s second largest export destination with products like soap, foodstuffs, cleansing and polishing preparations as the major exports, according to KNBS.

How much does Kenya import from Tanzania?

Kenya imports from Tanzania Value Year
Residues, wastes of food industry, animal fodder $20.53M 2019
Iron and steel $20.17M 2019
Edible vegetables and certain roots and tubers $15.14M 2019
Mineral fuels, oils, distillation products $11.90M 2019
IT IS INTERESTING:  How do I redeem my naira gift card?

What is the relationship between Kenya and Tanzania?

Today both countries enjoy healthy relations. Both countries are inhabited by the world’s largest Swahili speaking populations, Swahili is the official and national language in both countries. Kenya and Tanzania share a lot of cultural similarities.

How does Tanzania benefit from international trade?

Tanzania benefits significantly from transit trade, serving as a potential driver of economic growth, welfare and local enterprise development. This highlights the indispensable role of the government in promoting transit trade in the country.

What are the main exports of Tanzania?

Tanzania’s principal exports are gold, coffee, cashew nuts, and cotton.

Who does Tanzania Trade with?

In 2018, Tanzania major trading partner countries for exports were Rwanda, Kenya, Congo, Dem. Rep., Zambia and Uganda and for imports they were China, India, United Arab Emirates, Saudi Arabia and South Africa.

Across the Sahara