Net trade in goods and services in Tanzania
Tanzania: Net trade in goods and services was -1.02 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
-1.02 billion BoP, current US$
Change on year
up 53.5%
World rank
123rd
of 200 countries
All-time high
-70.91 million BoP, current US$
in 1976
All-time low
-5.06 billion BoP, current US$
in 2013
Years of data
49
1976–2024
Net trade in goods and services in Tanzania, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods and services in Tanzania is -1.02 billion BoP, current US$, measured in 2024.
That represents a change of up 53.5% on the previous year and up 79.3% over ten years.
Over the whole period, net trade in goods and services in Tanzania peaked at -70.91 million BoP, current US$ in 1976 and was at its lowest, -5.06 billion BoP, current US$, in 2013.
Tanzania ranks 123rd of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services in Tanzania, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | -70.91 million BoP, current US$ | — |
| 1977 | -165.40 million BoP, current US$ | +133.2% |
| 1978 | -631.61 million BoP, current US$ | +281.9% |
| 1979 | -512.62 million BoP, current US$ | -18.8% |
| 1980 | -636.36 million BoP, current US$ | +24.1% |
| 1981 | -515.48 million BoP, current US$ | -19.0% |
| 1982 | -617.61 million BoP, current US$ | +19.8% |
| 1983 | -380.43 million BoP, current US$ | -38.4% |
| 1984 | -430.74 million BoP, current US$ | +13.2% |
| 1985 | -643.82 million BoP, current US$ | +49.5% |
| 1986 | -695.70 million BoP, current US$ | +8.1% |
| 1987 | -831.66 million BoP, current US$ | +19.5% |
| 1988 | -792.54 million BoP, current US$ | -4.7% |
| 1989 | -810.24 million BoP, current US$ | +2.2% |
| 1990 | -935.64 million BoP, current US$ | +15.5% |
| 1991 | -1.02 billion BoP, current US$ | +9.5% |
| 1992 | -1.10 billion BoP, current US$ | +7.4% |
| 1993 | -1.26 billion BoP, current US$ | +14.2% |
| 1994 | -874.96 million BoP, current US$ | -30.3% |
| 1995 | -874.21 million BoP, current US$ | -0.1% |
| 1996 | -794.32 million BoP, current US$ | -9.1% |
| 1997 | -715.16 million BoP, current US$ | -10.0% |
| 1998 | -1.16 billion BoP, current US$ | +62.5% |
| 1999 | -1.01 billion BoP, current US$ | -13.2% |
| 2000 | -689.00 million BoP, current US$ | -31.7% |
| 2001 | -442.98 million BoP, current US$ | -35.7% |
| 2002 | -244.16 million BoP, current US$ | -44.9% |
| 2003 | -490.55 million BoP, current US$ | +100.9% |
| 2004 | -842.29 million BoP, current US$ | +71.7% |
| 2005 | -1.23 billion BoP, current US$ | +46.4% |
| 2006 | -1.67 billion BoP, current US$ | +35.2% |
| 2007 | -2.17 billion BoP, current US$ | +30.2% |
| 2008 | -3.10 billion BoP, current US$ | +42.6% |
| 2009 | -2.40 billion BoP, current US$ | -22.4% |
| 2010 | -2.68 billion BoP, current US$ | +11.7% |
| 2011 | -4.64 billion BoP, current US$ | +72.8% |
| 2012 | -4.00 billion BoP, current US$ | -13.7% |
| 2013 | -5.06 billion BoP, current US$ | +26.4% |
| 2014 | -4.93 billion BoP, current US$ | -2.4% |
| 2015 | -2.37 billion BoP, current US$ | -51.9% |
| 2016 | -643.15 million BoP, current US$ | -72.9% |
| 2017 | -951.77 million BoP, current US$ | +48.0% |
| 2018 | -2.14 billion BoP, current US$ | +124.6% |
| 2019 | -745.03 million BoP, current US$ | -65.2% |
| 2020 | -595.24 million BoP, current US$ | -20.1% |
| 2021 | -1.74 billion BoP, current US$ | +191.7% |
| 2022 | -4.69 billion BoP, current US$ | +170.0% |
| 2023 | -2.20 billion BoP, current US$ | -53.1% |
| 2024 | -1.02 billion BoP, current US$ | -53.5% |
Tanzania compared with similar countries
- Tanzania's -1.02 billion BoP, current US$ is above the median for lower middle income countries, which is -1.21 billion BoP, current US$, 85% of the median. (47 countries reporting)
- Tanzania's -1.02 billion BoP, current US$ is below the median for Sub-Saharan Africa, which is -701.38 million BoP, current US$, 1.5× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods and services in Tanzania changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1978 | -281.9% | -165.40 million BoP, current US$ | -631.61 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -345.13 million BoP, current US$ | -631.61 million BoP, current US$ | -70.91 million BoP, current US$ | 4 |
| 1980s | -635.46 million BoP, current US$ | -831.66 million BoP, current US$ | -380.43 million BoP, current US$ | 10 |
| 1990s | -974.64 million BoP, current US$ | -1.26 billion BoP, current US$ | -715.16 million BoP, current US$ | 10 |
| 2000s | -1.33 billion BoP, current US$ | -3.10 billion BoP, current US$ | -244.16 million BoP, current US$ | 10 |
| 2010s | -2.82 billion BoP, current US$ | -5.06 billion BoP, current US$ | -643.15 million BoP, current US$ | 10 |
| 2020s | -2.05 billion BoP, current US$ | -4.69 billion BoP, current US$ | -595.24 million BoP, current US$ | 5 |
Countries ranked near Tanzania
- 120 Bolivia -702.28 million BoP, current US$ compare
- 121 Iceland -824.37 million BoP, current US$ compare
- 122 Burundi -946.66 million BoP, current US$ compare
- 124 East Timor -1.04 billion BoP, current US$ compare
- 125 Paraguay -1.09 billion BoP, current US$ compare
- 126 Mozambique -1.13 billion BoP, current US$ compare
More economy & growth data for Tanzania
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.67 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.26 million BoP, current US$ (2003)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0001 BoP, current US$ per US$ of GDP (2003)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.0609 BoP, current US$ per person (2003)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.72 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 4.16 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0217 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 25.05 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -14.24 % change on previous year (2018)
Frequently asked questions
- What is net trade in goods and services in Tanzania?
- Net trade in goods and services in Tanzania was -1.02 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Tanzania?
- The highest recorded value was -70.91 million BoP, current US$ in 1976.
- What is the lowest net trade in goods and services recorded in Tanzania?
- The lowest recorded value was -5.06 billion BoP, current US$ in 2013.
- How does Tanzania rank for net trade in goods and services?
- Tanzania ranks 123rd out of 200 countries with data for 2024.
- Is net trade in goods and services rising or falling in Tanzania?
- Over the last ten years it is up 79.3%. The long-run trend across the full record is volatile.
- Where does this Tanzania data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.