By Ludger Kasumuni
Dar
es Salaam — Tanzania's value of exports has increased by 9.2 per cent
as manufacturing and tourism improved in the year ending October 2015,
according to the Bank of Tanzania (BoT).
The exported goods and services reached $9.4 billion, said the latest Monthly Economic Review for November.
Earnings from
tourism which is the leading foreign exchange earner increased from
$1.98 billion to $2.23 billion during the corresponding period last
year.
Manufacturing exports also improved from $1.21 billion to $1.31 billion in the same period.
The traditional
exports increased by nine per cent to $839.2 million largely driven by
improved performance in the export of cashew nuts, coffee, sisal and
tobacco. The improved performance of export of cashew nuts was a result
of increase in both volume and price, while that of coffee and sisal was
driven by price changes. The export value of tobacco was due to an
increase in volume.
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