Tanzania's current account deficit expanded by 40% year-on-year to $2.91 billion in May 2026, driven by soaring import costs from global geopolitical tensions and elevated freight charges.This contrasts with 15.6% growth in exports totaling $19.3 billion, led by gold, manufactured goods, and tourism.Gold exports surged 46.7% to $5.53 billion, while manufacturing exports rose 38.3% to $2 billion.Traditional sectors like tobacco and coffee also showed growth.However, persistent high commodity prices and shipping costs continue to strain the trade balance.Service receipts increased 8.9% to $7.67 billion, with tourism contributing $4.35 billion from 2.3 million visitors.Despite these gains, the widening deficit highlights ongoing challenges in balancing imports and exports.