Dodoma. According to the Bank of Tanzania’s (BoT) September 2025 Monthly Economic Review, the nation’s gold exports have soared to a record high of $4.3 billion, marking a 35.5 percent increase from the previous year.
This surge is attributed to a significant rise in global gold prices, which reached $3,368 per troy ounce in August 2025, up from $3,340 in July.
The BoT’s report indicates that total exports of goods and services for the year ending August 2025 amounted to $16.89 billion, reflecting a 14.8 percent year-on-year growth.
Exports of goods alone rose by 22.7 percent to $9.89 billion, driven by increased sales of gold, manufactured goods, cashew nuts, tobacco, and cereals.
Traditional exports, including cashew nuts, tobacco, and coffee, contributed $1.41 billion, a 28.3 percent increase from the previous year.
Cereal exports also saw a notable rise to $341.2 million, up from $174.6 million, due to heightened demand from neighbouring countries.
The BoT attributes the growth in gold exports to favourable global market prices and increased purchases by the central bank.
In line with this, the BoT has been actively acquiring gold to bolster its foreign reserves.
The robust performance in gold exports has played a pivotal role in enhancing Tanzania’s economic resilience, contributing to a narrowing of the current account deficit and strengthening of foreign exchange reserves.
The BoT’s strategic initiatives in the gold sector underscore the nation’s commitment to leveraging its natural resources to bolster economic stability and growth.
