Dar-Seoul trade gap narrows as exports surge
DAR ES SALAAM, June 19 -- TANZANIAs exports to South Korea have more than quadrupled over the past five years, creating new opportunities for local producers even as trade remains heavily tilted in favour of the Asian economy.
Exports rose from 10 million US dollars in 2021 to 42 million US dollars last year, according to the latest report by the Tanzania Trade Development Authority (TanTrade), released this month.
Imports from South Korea increased more modestly, rising from 137 million US dollars to 160 million US dollars during the same period, although they reached a high of 360 million US dollars in 2024.
TANZANIAs exports to South Korea have more than quadrupled over the past five years, signalling growing opportunities for local...
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