Namibia

In 2013, the value of merchandise exports of Namibia increased substantially by 17.9 percent to reach 6.3 bln US$, while its merchandise imports increased moderately by 6.2 percent to reach 7.6 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively small deficit of 1.2 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Sub-Saharan Africa at -1.7 bln US$ (see graph 4). Merchandise exports in Namibia were diversified amongst partners; imports were highly concentrated. The top 12 partners accounted for 80 percent or more of exports and 6 partners accounted for 80 percent or more of imports (see graph 5). In 2010, the value of exports of services of Namibia increased substantially by 55.1 percent, reaching 983.8 mln US$, while its imports of services increased substantially by 23.2 percent and reached 704.4 mln US$ (see graph 2). There was a moderate trade in services surplus of 279.4 mln US$.

Related Subject(s): International Trade and Finance

Countries: Namibia