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Dar es Salaam. Tanzanian exports to Germany fell by 30% last year compared with the previous year, after the decline in raw materials and exports of the mining sector.
Tanzania exported 118.7 million euros to Germany last year euros registered the year before
Tanzania 's main exports to the United States. Germany include minerals, food products, chemicals, plastic or rubber, wood, textiles and clothing and skins. This was revealed by Marcus Knupp, Senior Director of Trade and Investment in Africa in the Middle East, at the 42nd Dar es Salaam International Trade Fair (DITF) taking place at Mwalimu JK Nyerere Field along from the Kilwa Road
. Mining raw materials are the main exports to Germany. The report shows that mining commodities account for nearly half of the value of Tanzanian exports to Germany.
On 225 million Tanzanian exports of goods and services in 2016, 107 million dollars were exported.
optimistic that exports will rebound because Tanzania has potential in various sectors of the economy, "he said, adding that German companies have been participating in the DITF since 2016.
Dr. Jennifer Schwarz, director of AHK Tanzania said that in this year's fair trade number of German companies rose from six last year to nine.
She revealed that the government of Germany has provided companies with opportunities to exhibit their products and services.The main benefit of participating in the fair is to attract more buyers and investors, a- she declared. According to Germany 's Trade Report for 2017, Tanzania accounted for 0.02 per cent of German imports in 2016 and ranked 92nd out of 100 trading partners.
The report shows that Germany accounts for 2.4 percent of Tanzanian exports. export destination behind Switzerland, India, South Africa, China, Kenya, Congo, Belgium, Comoros, Vietnam and Japan
Imports from Germany stands at 157.7 million euros. machinery and medicine.
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