Namibia’s trade deficit widened significantly to N$3.9 billion in February 2024 compared to January 2024 and February 2023 figures which stood at N$1.8 billion and N$452 million respectively, official data shows. The country’s export earnings plunged 48.9% from N$12 billion recorded in January 2024 to N$6.1 billion, while imports saw a decrease of 27% during...
During February 2024, the trade balance experienced a deficit of N$3.9 billion, marking a notable increase compared to N$1.8 billion in January 2024 and N$452 million in February 2023, according to the Namibia Statistics Agency’s trader bulletin. According to NSA Statistician General, Alex Shimuafeni, South Africa emerged as Namibia’s primary trading partner for both exports...
Business Reporter DURING December 2023, Namibia’s export earnings recorded a decrease of 1.9% from N$11.8 billion recorded in November 2023 to N$11.5 billion. Moreover, the import bill for the month under review decreased by 25.0% from N$15.8 billion recorded during the preceding month, resulting in an improved trade deficit of N$299 million when compared to...
Martin Endjala During December 2023, the country’s trade balance stood at a deficit of N$299 million, which is an improvement compared to N$4 billion and N$1.4 billion recorded in November 2023 and December 2022, respectively. This was revealed yesterday by Namibia Statistics Agency (NSA) Statistician-General and Chief Executive Officer Alex Shimuafeni. According to the report,...
The trade balance witnessed a notable improvement during December 2023, with the deficit standing at N$299 million, according to the latest trade statistics released by NSA. This marks a stark contrast to the deficits of N$4 billion and N$1.4 billion recorded in November 2023 and December 2022, respectively. According to NSA statistician-general Alex Shimuafeni, Botswana...
The trade balance for November 2023 stood at a deficit of N$4 billion according to the latest trade statistics released by the NSA this week. According to NSA, while this reflected an improvement from the N$4.5 billion deficit recorded in October 2023, it marked a notable increase compared to the N$2.8 billion deficit reported in...
Stefanus Nashama In November 2023, Namibia’s trade balance revealed a deficit of N$4 billion, as reported by Alex Shimuafeni, the Statistician-General at the Namibia Statistics Agency (NSA), in the Namibia Merchandise Trade Statistics Bulletin for November 2023. Shimuafeni noted that the N$4 billion deficit, while showing improvement compared to the N$4.5 billion deficit recorded in...
The country’s trade balance experienced a deficit of N$4.5 billion, during October, Namibia Statistics Agency (NSA) Statistician General, Alex Shimuafeni revealed in the latest trade statistics released on Tuesday. This figure marks an increase compared to the N$3.3 billion recorded in September 2023 and the N$2.2 billion deficit noted in October 2022. According to Shimuafeni,...
Martin Endjala Namibia’s trade deficit swelled by 17 percent, marking its most significant gap since May 2022. While exports fell by 5.8 percent, imports rose by 2.2 percent in August 2023. The export bill stood at N$7.4 billion, with imports amounting to N$12.3 billion. This resulted in a trade deficit of N$4.9 billion, up from...
Namibia’s trade balance during August this year stood at a deficit of N$4,9 billion, compared to N$3,7 billion and N$4,1 billion recorded in July 2023 and August 2022, respectively. This was announced by statistician general Alex Shimuafeni in the Namibia Merchandise Trade statistics bulletin for August 2023. He says this is the largest deficit the...