Namibian trade records a deficit of N$4 billion

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 October 2023, also represented a worsening when compared to the N$2.8 billion deficit from November 2022. China emerged as Namibia’s largest market for exports, while South Africa retained its position as the country’s primary supplier. Shimuafeni elaborated on the composition of Namibia’s export basket for…