Export earnings averaged N$8 billion in 2022

Namibia’s export earnings averaged N$8 billion in 2022, while imports averaged N$10.7 billion, leading to in an average trade deficit of N$2.7 billion, according to the Namibia Statistics Agency (NSA).In December 2022, Namibia’s exports stood at N$8.7 billion and imports at N$9.8 billion, resulting in the country’s trade deficit of N$1.1 billion.In November 2022, the value of exports stood at N$9.6 billion, while the value of exports stood at N$9.8 billion. The trade deficit came in at N$2.8 billion in November 2022.Botswana emerged as Namibia’s largest export destination, with a share of 24% of all goods exported in December 2022.South Africa was the country’s largest source of imports during the period under review, accounting for 40.8% of total imports.Diamonds was Namibia’s largest export commodity during December 2022, accounting for 28.1% of total exports mostly destined to Botswana, the United Arab Emirates (UAE) and Belgium. Uranium and fish came second and third in the list accounting for 13.7% and 9.5% of total exports, respectively. Uranium was wholly destined to China while fish was destined to Spain, Zambia and the Democratic Republic of Congo (DRC), the agency pointed out.On the other hand, petroleum oils topped the list of imported goods for the month of December 2022, with a share of 23.7% of the nation’s total import value. IIn second position was precious stones with a share of 4.1%, while motor vehicles for the transportation of goods; and fertilizers were rated third and fourth in the list accounting for 2.9% and 2.7% of all commodities imported, respectively. Finally, Telecommunications equipment was ranked fifth after contributing 2.3% to the total imports, NSA said.-phillep@nmh.com.com.na

Export earnings averaged N$8 billion in 2022

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Namibian Sun 2025-02-21

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Export earnings averaged N$8 billion in 2022

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Namibian Sun 2025-02-21

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