According to resources, the total export to Tanzania from India reached an estimated revenue of more than $1 Billion by the year 2022.
Trade agreements have also been signed between both countries in order to support exports.
| Value in $Million | 2020-2021 | 2021-2022(Apr-Nov) |
| India Export to Tanzania | 1439M | 1040M |
| India Import from Tanzania | 934M | 1284M |
| Total Trade | 2373M | 2324M |
Petroleum, Medicaments, and Machinery are the major exported products from India to Tanzania at the present moment.
The E-commerce market in Tanzania reached more than $560Million by the year 2022 and is expected to cross $880 Million by 2025 with a 16% growth rate.
The main reason behind this rise is the Internet penetration rate in Tanzania which has reached 25% by 2022.
So, itβs a good scope for Indian exporters and sellers to grab the Tanzania market whether through offline channels or online selling platforms & marketplaces in Tanzania.
Useful resources