Wednesday, May 18, 2022
HomeBusinessTanzania Imports to Kenya Hit Record High on Improved Relations

Tanzania Imports to Kenya Hit Record High on Improved Relations

The improved relationship between Kenya and Tanzania appears to be bearing fruits with bilateral commerce between the 2 international locations doubling in simply ten months, the best determine recorded since independence.

According to the Economic Survey 2022, by KNBS, Tanzania’s exports to Kenya doubled from $242.6 million in 2020 to $473.9 million in 2021.

The survey attributed the rise to elevated imports of maize and rice from Tanzania. KNBS revealed that Kenya opened its market to obtain agricultural merchandise from Tanzania amid the pandemic that affected its inventory.

Kenya’s maize manufacturing dropped from 42.1 million luggage in 2020 to 36.7 million in 2021. At the identical time, espresso manufacturing additionally dropped to 34,500 tonnes in 2021 from 36,900 tonnes a yr earlier. Tea was additionally famous to have declined.

The financial survey additionally discovered that Kenya’s exports to Tanzania and the Democratic Republic of Congo confirmed a big rise, leaping from $276.5 million and $124.3 million in 2020 to $396.5 million and $212.2 million. The bureau attributed the rise to the export of minimize flowers, tea and low to DRC and cleaning soap to Tanzania.

SEE ALSO  VP Kamala Harris' Husband Evacuated Due to Bomb Threat at High School

Overall, Uganda remained the best export marketplace for Kenyan items in 2021, regardless of commerce disputes between Nairobi and Kampala.

According to the survey, the worth of exports to Uganda rose from $627.8 million in 2020 to $797.4 million in 2021. KNBS stated the expansion was on the again of an increase in home exports of products, together with cement clinkers, palm oil, and flat-rolled iron merchandise.

Other exports included non-alloy metal and re-exports of machines and instruments for drilling, boring sinking, milling, threading or tapping.

However, there was a decline in exports to South Sudan, which dropped by 26 per cent to $148.7 million. The bureau attributed the decline to home exports of meals dietary supplements and re-export of dried leguminous greens.

Read additionally; Tanzania to Invest $3 Billion in Strategic Manufacturing.

- Advertisment -

Latest Stories