Shipments increased to $2.2 billion from $1.48 billion a year earlier, the Dar es Salaam-based central bank said in a statement on its website today.
The East African nation’s current account deficit widened 75 percent to $4.3 billion, as imports grew 32 percent to $11.5 billion, it said. Imported oil volumes increased 16 percent to 3.6 million metric tons, “partly associated with increased demand for thermal power generation,” the bank said. The value of oil imports surged 50 percent to $2.96 billion.
Exports climbed to $6.7 billion from $5.6 billion on higher world gold prices, the bank said.
“The improvement was largely on account of increases in gold prices in the world market, traditional exports and travel receipts,” it said. Gold jumped 26 percent to $1,746.38 per ounce by Nov. 30 from a year earlier, according to data compiled by Bloomberg.
The debt of the region’s second-biggest economy grew to $12.58 billion at the end of November, while gross official reserves totaled $3.48 billion, compared with $3.7 billion a year earlier, the bank said.