{"id":20784,"date":"2020-12-29T20:57:03","date_gmt":"2020-12-29T20:57:03","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=20784"},"modified":"2020-12-29T19:38:16","modified_gmt":"2020-12-29T19:38:16","slug":"cross-border-trade-raises-over-30pc-in-q3","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/cross-border-trade-raises-over-30pc-in-q3","title":{"rendered":"Cross border trade raises over 30pc in Q3"},"content":{"rendered":"

Africa-Press<\/a> – Tanzania<\/a>. <\/strong><\/span>THE Bank of Tanzania (BoT) has said cross-border trade registered a surplus balance, thanks to more increase in exports than imports.<\/p>\n

The trade surplus increased by 35.1 per cent to 1.526tri\/- in three months to September from the value registered in a similar period last year.<\/p>\n

Main contributors, according to the central bank, to the quarter three surplus were two zones \u2013 the Lake Zone and the Southern Highlands Zone.<\/p>\n

\u201cCross-border trade for zones with borders registered a surplus balance, driven by faster increase in exports than imports,\u201d BoT, latest Consolidated Zonal Economic Performance Report for Quarter ending September, showed.<\/p>\n

The report showed that goods export went up by 28.8 per cent to 1.911tri\/-, while imports rose by 8.9 per cent to 384.5bn\/-.<\/p>\n

The report showed that Northern and Lake Zones continued accounting for the largest shares of cross-border trade.<\/p>\n

The Lake Zone registered a surplus of 77.5 per cent from 507.63bn\/- in quarters three last year to 900.81bn\/- in quarter three this year.<\/p>\n

The Lake Zone trade improvement to register the surplus was due to an increase in the value of goods exported, particularly live cattle, goats and other animal products.<\/p>\n

Other goods were unrefined gold, fish and fish products, cotton seed cakes, salt, foodstuffs and other consumer goods.<\/p>\n

The second highly contributor to the cross-border trade surplus was the Northern Zone despite registering a trade balance deficit of 3.4 per cent to 615.25bn\/- in three months to September this year compared to those of last year.<\/p>\n

However, the Northern Zone registered a trade business surplus of 21.1 per cent to 508.25bn\/- compared to Q2 and Q3.<\/p>\n

The Northern Zone trade largely involved exports of raw agro-goods and plastic products.<\/p>\n

The BoT report said the Southern Highlands Zone recorded a surplus of 8.8bn\/- in Q3 up from a trade deficit of 22.9bn\/-in Q2.<\/p>\n

The Southern Highlands Zone, the surplus was driven by other exports, mainly building materials, clothing and plastic products.<\/p>\n

However, the Southern Highlands Zone recorded a deficit of 16.1bn\/- in Q3 last year \u201cowing to increased exports of consumer goods and cement\u201d.<\/p>\n

Tanzania\u2019s cross-border exports include unrefined gold, livestock and livestock products, cement, fertilisers, plastic products, seed cakes, fish fillets and consumable and manufactured goods.<\/p>\n

Imports consist of mining equipment, industrial raw materials, iron sheets, electronics, soap and cosmetics, raw timber, medicaments, motor vehicles, electronics, woven fabrics and clothes, and cooking oil.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. THE Bank of Tanzania (BoT) has said cross-border trade registered a surplus balance, thanks to more increase in exports than imports. The trade surplus increased by 35.1 per cent to 1.526tri\/- in three months to September from the value registered in a similar period last year. Main contributors, according to the central […]<\/p>\n","protected":false},"author":84,"featured_media":20783,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[6990,6991,711],"class_list":["post-20784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nCross border trade raises over 30pc in Q3 - Tanzania<\/title>\n<meta name=\"description\" content=\"THE Bank of Tanzania (BoT) has said cross-border trade registered a surplus balance, thanks to more increase in exports ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/cross-border-trade-raises-over-30pc-in-q3\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cross border trade raises over 30pc in Q3\" \/>\n<meta property=\"og:description\" content=\"THE Bank of Tanzania (BoT) has said cross-border trade registered a surplus balance, thanks to more increase in exports ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/cross-border-trade-raises-over-30pc-in-q3\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-29T20:57:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/12\/img-5feb858c076bc.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"516\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/cross-border-trade-raises-over-30pc-in-q3#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/cross-border-trade-raises-over-30pc-in-q3\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Cross border trade raises over 30pc in Q3\",\"datePublished\":\"2020-12-29T20:57:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/cross-border-trade-raises-over-30pc-in-q3\"},\"wordCount\":410,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/cross-border-trade-raises-over-30pc-in-q3#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/12\/img-5feb858c076bc.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/cross-border-trade-raises-over-30pc-in-q3#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/cross-border-trade-raises-over-30pc-in-q3\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/cross-border-trade-raises-over-30pc-in-q3\",\"name\":\"Cross border trade raises over 30pc in Q3 - 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