Trading with Tanzania
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Transcript of Trading with Tanzania
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TRADING WITHTANZANIA
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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
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DHLFACTS
Locations 70
Gateways into the Country 1
Number of Service Centres 6
DHL Delivery Zone 10
Vehicle Fleet 41
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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
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ECONOMIC FORECASTTanzania’s GDP is projected to grow by 7.1% on average per year from 2015 to 2019
Source: Economic Intelligence Unit
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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
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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
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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
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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.
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Trading with Tanzania 10
Support when trading with Tanzania
FACT SHEET
TAS TOOLTo calculatelanded costs
DESTINATION GUIDE
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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
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THANK YOU