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TRADING WITHTANZANIA
Trading with Tanzania 2
Country Overview
COUNTRY PROFILE
Capital Dodoma
Population 49.6 million
Area 947,300 sq km
Currency 1 Tanzanian shilling (TZS) = 100 kurus
Main business languagesEnglish is the primary language of commerce; Kiswahili / Swahili is also spoken
DHLFACTS
Locations 70
Gateways into the Country 1
Number of Service Centres 6
DHL Delivery Zone 10
Vehicle Fleet 41
Trading with Tanzania 4
Tanzania’s Economy
Tanzania is the 9th largest economy in sub-Saharan Africa
Regional gateway to fast-growing eastern and central African
economies
The country’s GDP has grown 6-7.8% each year since 2001
ECONOMIC FORECASTTanzania’s GDP is projected to grow by 7.1% on average per year from 2015 to 2019
Source: Economic Intelligence Unit
Historically, Tanzania has relied heavily on agriculture – more recently, the economy has started to become more diversified with a focus on retail, communications, financial services and construction
Source: World Bank
Trading with Tanzania 7
Trade Data
US$ 6.084 billion (2014 est.)
Top Export Destinations
EXPORTS FROM TANZANIA
US$ 11.95 billion (2014 est.)
Top Import Origins
IMPORTS INTO TANZANIA
Source: DHL, CIA World Factbook
No. 1 No. 1IndiaChinaJapanGermanyUAE
ChinaIndiaSouth AfricaKenyaUAE
Trading with Tanzania 8
Tanzania / UK Trade Relations
• The UK is the largest foreign investor in Tanzania
• Tanzania is a member of the Commonwealth of Nations with strong ties to Britain
• The UK’s main goods exports to Tanzania include vehicles, machinery and manufactured products
• Several British companies – operating in sectors from oil and chemicals to financial and business services – are already doing business with Tanzania
• Further opportunities for UK businesses in Tanzania exist in sectors including transportation, communications, infrastructure and education
Trading with Tanzania 9
Customs & Export Guidance
Duties only apply to shipments sent to Tanzania if they are US$ 3.00 and above.
Goods shipments to Tanzania must be accompanied by the original Commercial Invoice – Pro Forma Invoices are not accepted.
All importers (companies and individuals) must be registered with the Tanzania Revenue Authority (tra.go.tz), where they will be issued a Taxpayer Identification number (TIN) – this will be quoted on all Formal Import Entry Documents.
Detailed information is available on the DHL Guide and through our dedicated DHL Customs Experts.
Trading with Tanzania 10
Support when trading with Tanzania
FACT SHEET
TAS TOOLTo calculatelanded costs
DESTINATION GUIDE
11
To find out more about how DHL can help you trade internationally.
Let us help you get started
FOLLOW: @DHLExpressUK
FIND US: DHLExpressUK
VISIT: www.DHLGuide.co.uk
CALL: 0844 248 0685
WATCH US: DHLExpressUK
THANK YOU