MAIN HIGHLIGHTS:
Tanzania's current account deficit widened 10% to $1.91 billion in the year to May on increased buying of imports for use in sectors such as mining and manufacturing
IMPORTS:
Goods and services imports rose by 12% to $7.23 billion in the period in question, Importation of capital goods increased ... in line with growth of activities in the construction, mining, communication and manufacturing sectors
EXPORTS:
Exports of goods and services also jumped by 13% to $4.73 billion compared with a similar period in 2008, due to higher sales of manufactured goods.
Gold exports which constitutes 38% of exports dropped by 6% to $841.4 million, from the sale of 28.2 million tonnes of the metal, compared with 35.2 tonnes a year before that fetched $894.9 million.
Manufactured goods made up 29%.
Tourism (classified as travel) Tanzania's leading foreign exchange earner-- earned $1.24 billion, up from $1.21 billion a year before. BOT sees it slowing by up to 20 percent this year due to the global economic downturn.
Earnings from traditional exports -- coffee, tea, cashew nuts and tobacco among others - were up 41% to $479.8 million compared with a year before,
Horticulture brought in $35.4 million from $23.4 million the previous year.
Credit to the private sector from banks rose by 32% to 4.68 trillion shillings ($3.52 billion)
The country's official foreign exchange reserves stood at $2.68 billion or 4.2 months of import cover in the year ending May-- from $2.7 billion a year before
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