Exporting to Tanzania
Growing export market
Tanzania is expected to see a growth in imports of 8.2% this year and 9.6% in 2020, with consistent growth expected to follow (IMF, 2019). This highlights a growing demand for imported goods which UK businesses could benefit from.
Tanzania saw a real GDP growth of 7.0% in 2018, with 5.2% estimated for 2019 and consistent growth expected to follow (IMF, 2019). This should lead to an increase in spending power for the Tanzanian consumer.
Demand for goods and services
In the year to June 2019, the top goods exported from the UK to Tanzania were road vehicles (other than cars), electrical goods, telecoms and sound equipment, industrial machinery and scientific instruments (ONS, 2019). In terms of services, the top services imported by Tanzania from the world were transport and travel (ITC Trade Map, 2019). Therefore, if you operate in any of these industries, Tanzania could be a good market for you.