Tanzania benefits More From EAC Than SADC, Enjoys Better Trade with Asia
Tanzania exports more goods to the other East African Community Members than those in the Southern African Development Community but Asia is Dar’s best business partner
At the end of the day, Tanzania needs to cultivate even better relations with its East African Community siblings, who seems to buy more goods from the country, than any other bloc.
Tanzania’s biggest export markets, by figures from 2021 include Asia and the East African Community.
Asian countries imported goods worth USD 2.92 billion from Tanzania within that period, topping the bill as the leading destination for Tanzanian exports overseas.
The East African Community, on the other hand buys export consignments valued at USD 2.51 Billion from Tanzania, making the EAC the most profitable bloc of which the country is member.
Pivoted in Arusha City, the East African Community is a seven-member trading bloc, comprising of Kenya, Rwanda, Uganda, Burundi, South-Sudan, the Democratic Republic of Congo and the host, Tanzania.
Tanzania is also member of the Gaborone based, Southern African Development Community comprising of 16 Member States including Angola, Botswana, Comoros , Democratic Republic of Congo and Eswatini.
Other SADC Members are Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Tanzania, Zambia and Zimbabwe.
But the merit of goods that Tanzania exports to the SADC region is just USD 1.3 Billion, half the value of the consignments shipped to the East African Community.
The European Union (EU) on the other hand, buys goods worth USD 891 Million from Tanzania.
The Americas import goods valued at USD 44.5 Million from Tanzania.
Tanzania exports include, Gold, Diamonds, Tanzanite, Agricultural Produce and Manufactured Goods.