Tanzania"s gemstones sector, including amber, plays a crucial role in the nation"s economy. In 2023, the market has shown distinct trends in trade volumes and prices, reflecting broader economic factors and global demand shifts. Analyzing the 2023 data, Tanzania"s export of precious and semi-precious stones, excluding diamonds, saw significant activity. However, the quantity exported was reported as zero, while the value of exports remained substantively high at approximately $20,356,650 annually. This anomaly suggests either data reporting issues or a focus on high-value, low-volume transactions, possibly indicating a strategic shift towards premium-grade stones or processed gemstones. In contrast, imports of the same category showed a minimal quantity of 14. 838 kg, valued at $4,512. 28.

This reflects a marked decrease in import volumes compared to prior years, notably the 1,077 kg imported in 2022. The smaller import volume alongside stable export values suggests a robust local supply or a strategic stockpile management within Tanzania. Additionally, the data reveal an interesting trend in the processed gemstone market. In 2023, 178,797. 951 carats of further worked stones were exported, valued at $1,307,902. 90, indicating a growing niche for refined gemstone exports. The import of further worked stones was significantly lower at 920 carats, valued at $9,192. 06, highlighting a domestic focus on value-added processing before export.

Overall, the 2023 economic landscape for Tanzania"s amber and other gemstones underscores a strategic orientation towards maximizing export value while reducing reliance on imports. For businesses and traders interested in this market, establishing local partnerships is key to navigating these dynamics effectively. Aritral. com, an AI-driven B2B platform, offers solutions to streamline international trade in such commodities. With services like Product Listing, Direct Communication, and AI-Powered Marketing, it aids businesses in efficiently engaging with Tanzania"s gemstone market. "