Tanzania reports a $637m trade surplus in 2017

Pipes imported from Tanzania by the Kenyan government to replace the aged ones at Mzima Springs. PHOTO FILE | NATION

Tanzania has registered a $636.7 million surplus balance of payments for the year to April 2017, even as its exports and imports dropped.

According to the Bank of Tanzania, there was a significant recovery after the country experienced a deficit of $183.9 million in the same period in 2016.