Namibia International Merchandise Trade Statistics Bulletin

Namibia’s trade balance deficit grows to N$3.6 billion

Namibia’s trade balance deficit grows to N$3.6 billion

Martin Endjala The Namibia Statistics Agency (NSA) reported a trade deficit of N$3.6 billion in August 2024, widening from N$2.1 billion in July 2024 but narrowing compared to the N$4.9 billion deficit recorded in August 2023. This data comes from the Namibia International Merchandise Trade Statistics Bulletin, released on Tuesday. NSA statistician-general and chief executive officer, Alex Shimuafeni said the country’s trade composition by partner showed that South Africa emerged as Namibia’s largest market for exports and imports. “We have introduced a section in the report that tracks trade on food items (excluding live animals) and beverages; for the month…
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