Tanzania, May 12 -- Dar es Salaam. Tanzania's rising gold exports are helping to shield the economy from a global oil price shock triggered by escalating geopolitical tensions in the Middle East and disruptions to shipping through the Strait of Hormuz, according to the latest Bank of Tanzania (BoT) Monthly Economic Review for April 2026.

The report shows that gold has become a key stabilising factor for Tanzania's external sector at a time when many import-dependent economies are grappling with rising fuel, fertiliser and freight costs following the March 2026 disruption of the Strait of Hormuz, one of the world's most strategic oil transit routes.

Gold exports generated $3.771 billion in the year ending March 2025 and $5.2 billion in t...