Dar es Salaam, Feb. 27 -- DAR ES SALAAM: THE imports of goods and services were 16.79 billion US dollars in the period ending December last year, up from 16.06 billion US dollars in 2023, reflecting higher consumption and investment activity.

The Bank of Tanzania (BoT) Monthly Economic Review for January stated that the major contributors were industrial products, refined white petroleum products and freight payments.

The imports of refined white petroleum products declined by 3.6 per cent to 2.63 billion US dollars from the amount reported in 2023 driven by moderation in global prices.

On a monthly basis, the BoT report said imports of goods rose by 10.7 per cent to 1.43 billion US dollars in December last year largely attributed to i...