Namibia recorded a trade deficit of 5645.80 NAD Million in the third quarter of 2019. Namibia Balance of Trade - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Balance of Trade in Namibia averaged -3118.99 NAD Million from 1999 until 2019, reaching an all time high of 577.60 NAD Million in the third quarter of 2004 and a record low of -11476.60 NAD Million in the third quarter of 2015. This page provides - Namibia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Bank of Namibia

Balance of Trade in Namibia is expected to be -1900.00 NAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Namibia to stand at -2600.00 in 12 months time. In the long-term, the Namibia Balance of Trade is projected to trend around -2500.00 NAD Million in 2021, according to our econometric models.

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Namibia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-5645.80 -6145.80 577.60 -11476.60 1999 - 2019 NAD Million Quarterly

Namibia Balance of Trade
Namibia exports mostly diamonds (25% of total exports), uranium, lead, zinc, tin, silver, tungsten, food and live animals and manufactured products. Namibia's main exports partners are South Africa (27% of total), United Kingdom (17%), USA, Angola, Netherlands and Spain. Namibia imports food products; petroleum products and fuel, machinery and equipment and chemicals. South Africa is Namibia’s major import partner (66% of total imports), followed by the Netherlands, United Kingdom and China.