Question

What is the trade situation of tanzania?  How much does tanzania export/import (compare it to the US)?  What products/services are exported/imported the most?  Do they have a positive trade balance or a negative trade balance (line graph of the past 5 years)? Who are the most important trading partners (exports/imports) of this country (Pie-Chart)? Is the trade situation of this country improving or declining?    What is the significance of having a positive trade balance?

Answer 1

ANS) --Tanzania is currently exporting 4,178,109.06 in thousands of United states dollars.And the Tanzania is also having a allover import of 7,765,411.24 in the value of thousands of United states dollars.And we can say that this is guiding to a negative trade stability of around -3,587,302.18 in value of thousands of US dollars.

-- The total trade growth is around -12.40% when we are equating with our over all world trade growth of 1.50%.The Gross Domestic Product or GDP in the Tanzania is around 52,090,321,003.06 in the present US dollars.And overall the Tanzania is presently exporting the goods and other products as a percentage of GDP is around 15.12% and the import is around 17.50%

. -- Tanzania Mostly exports minerals such as pure gold and pure diamonds,cotton, different types of nuts and also coffee.And the Tanzania mainly imports dresses and raw materials for textile industry and also many instruments and machinery.

-- The vital trading partners of Tanzania for importing and exporting are India, Japan,UAE,Kenya,China,Germany and south Africa.And also the vital and important trading towns in Tanzania are Tagna,Kigoma,Kilimanjaro,Arusha,and Dar es Salam.

-- The Economy Complexity Index or ECI of the Tanzania is -1.017.This made the Tanzania to be the 107th major complex country.And also the Tanzania is exporting around 153 products globally with disclosed relative advantage.  

-- The positive trade balance means the balance of trade in a country is correct or it is positive or we can say that the one country's export has gone beyond the import rate of the country.This condition happens when the result of above estimation is positive.The positive trade balance also shows that the currency from other country is increasingly flowing to our country.so anyway it will increase the trade efficiency of a country.

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