Cashewnuts, sisal, cotton, cloves and gold boosted revenue from exports to $9.982 billion in the year ending April, from $8.618 billion in the same period in 2019, according to the Bank of Tanzania’s monthly review for May.
Released last week, the BoT monthly economic review for May says exports of goods increased by 30.3 per cent to $5,897 million in the year ending April, was driven by traditional and non-traditional exports.
Month-to-month comparisons showed traditional goods exports were $33.3 million in April up from $17.1 million in the same month last year.
Exports of non-traditional goods also increased to $4.328 billion in the year ending April, from $3.561 billion in the same period in 2019.
According to the review, in April the export of gold was $225.6 million, up from 113.1 million in April last year, due to the increase in prices in the world market.
