Tanzania's gold exports hit record $2.8 Bn in 2023
Tanzania is blessed with the abundance of precious stones and metals. Tanzania had ample amounts of natural resources such as gold, tanzanite, silver, copper, nickel, graphite, uranium and iron ore. Tanzania has large reserves of gold as it is among the leading exporters of gold across the international market. According to Tanzania import export data , the country's gold exports were over $2.8 Billion in 2023. During May, the highest amount of gold exports were recorded in Tanzania as it crossed $510 million. India and South Africa were among the biggest importers of gold from Tanzania contributing to over 65% of the country’s overall gold exports last year. Switzerland and the United Arab Emirates were also the significant contributors to Tanzania gold exports revenue responsible for 26% share. Tanzania's gold articles showed great demand among Sri Lanka, Mauritius, Thailand, Egypt, Hong Kong and China. Geita Gold Mining and North Mara Gold Mine were the two biggest ...