Namibia imported good worth N$323 million from Liberia during the period 2015 to 2022, the Namibia Statistics Agency (NSA) said.
Namibia during the same period exported goods worth N$95.7 to Liberia the agency said. The NSA has been highlighting Namibia’s trade with African countries as the continent as part of the promotion of the African Continental Free Trade Area (AfCFTA).
The AfCFTA is one of the flagship projects of Agenda 2063, The Africa We Want. It is a high ambition trade agreement, with a comprehensive scope that includes critical areas of Africa’s economy, such as digital trade and investment protection, amongst other areas. The specific objective of the AfCFTA is to progressively eliminate tariffs and non-tariff barriers to trade in goods and liberalize trade in services; cooperate on investment, intellectual property rights and competition policy.
The NSA said uring November 2023, Namibia exported goods worth N$6.2 billion to the whole of Africa of which N$232 504 worth of goods were exported to Liberia. Whereas, on the demand side, the country sourced goods from Africa worth N$6.6 billion during the month under review and having sourced nothing from Liberia.
The export basket to Liberia comprised mostly of Petroleum oils, special commodities not classified as well as ‘soap, cleansing and polishing preparations, the NSA said.
During the month of November, Southern African Customs Union (SACU) maintained its position as the largest source of imports for Namibia, contributing 37.1% and supplied Namibia mainly with petroleum oils, motor vehicles for the transportation of goods and alcoholic beverages.
The BRICS came in second position with a share of 21.4% of all goods imported providing the country mostly with petroleum oils.
The Organisation for Economic Co-operation and Development (OECD) and the European Union (EU) ranked in third and fourth positions accounting for 19.8% and 9.1% of total imports, respectively. OECD supplied Namibia mostly with electric power machinery and civil engineering and contractors’ equipment’ while the EU supplied Namibia mainly with vessels, wheat and petroleum oils.
