Embassy of Ukraine in the Republic of Kenya

Kyiv 00:55

Trade and Economic relations between Ukraine and the United Republic of Tanzania

Trade and Economic relations between Ukraine and the United Republic of Tanzania

Tanzania is one of the main trade and economic partners of Ukraine in the region of East Africa.

From more than fifty countries of the African continent, Tanzania is ranked among of the most important consumers of Ukrainian goods.

According to the State Statistics Service of Ukraine in 2018, bilateral trade between Ukraine and Tanzania totaled 30.15 million USD.

Exports from Ukraine to Tanzania totaled 17.41 million USD (increased by 636.8% compared with the same period in 2017), imports - 12.73 million USD (amounted to 80.2% of the same period in 2017).

In 2018, the positive balance of foreign trade between Ukraine and Tanzania totaled 4.68 million USD.

 

The structure of foreign trade between Ukraine and the United Republic of Tanzania in the years 2017-2018

 (According to the data from the State Statistics Service of Ukraine, in thousand USD)

Year

Export

Import

Balance

Turnover

thousand USD

in % to previous

year

thousand USD

in % to previous

year

2017

2735.4

131.1

15874.8

136.6

-13139.4

18610.2

2018*

17419.7

636.8*

12739

80.2*

+4680.7

30158.7

(*According to the data from the State Statistics Service of Ukraine in 2018)

 

The main articles of export of goods from Ukraine to Tanzania in 2018 were: grain crops - 7.65 million USD (43.9%), fats and oils of plant and animal origin - 6.82 million USD (39.2%), ferrous metals - 1.31 million USD (7.6%).

The main articles of import of goods from Tanzania to Ukraine in 2018 were: tobacco and industrial tobacco substitutes - 11.94 million USD (93.7%).

According to the State Statistics Committee of Ukraine for 2018, exports of services from Ukraine to Tanzania amounted to 0.776 million USD, imports - 0.643 million USD. Exports of services from Ukraine to Tanzania amounted to 77.6% in relation to 2017, import - 81.2%.

The positive balance of trade between Ukraine and Tanzania in the service sector in 2018 amounted to 133 thousand USD.

At the same time, transport services (57.5%) and travel-related services (41.8%) were the basis for export. The travel services (99.5%) became the basis of imports from Tanzania.

There is a tendency of the increasing demand on the Tanzanian market for fats and oils of vegetable origin, ferrous metals, boilers and machinery, originated from Ukraine. There are also perspectives for the expansion of export from Ukraine to Tanzania of small and medium-sized agricultural machinery, cereals, flour and bakery products. There is a potential for further increase of export of grain, poultry and mixed fodder. The development of cooperation between Ukraine and Tanzania in the field of services, in particular, in tourism sphere also looks promising.

Potential opportunities for Ukrainian exporters are also based on open-minded environment for the establishment of foreign economic relations between Ukrainian and Tanzanian business persons, high demand for imports, the necessity for infrastructure development (water management, electrification), an expansion of the markets of goods and services, and the increasing demand for equipment for the extraction of minerals, oil and gas.

The dispatchment of the first trade mission of Ukraine to Tanzania in December 2016 has given an important impetus for the development of relations between Ukraine and Kenya in the trade and economic sphere.