Namibia recorded a trade deficit of 9838.44 NAD Million in the second quarter of 2022. source: Bank of Namibia

Balance of Trade in Namibia averaged -3503.30 NAD Million from 1999 until 2022, reaching an all time high of 577.60 NAD Million in the third quarter of 2004 and a record low of -11474.49 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. Namibia Balance of Trade - values, historical data and charts - was last updated on December of 2022.

Balance of Trade in Namibia is expected to be -6000.00 NAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Balance of Trade is projected to trend around -7700.00 NAD Million in 2023, according to our econometric models.

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Namibia Balance of Trade

Related Last Previous Unit Reference
Balance of Trade -9838.44 -10046.58 NAD Million Jun 2022
Current Account -6813.20 -7278.10 NAD Million Jun 2022
Current Account to GDP -9.10 2.80 percent of GDP Dec 2021
Exports 15169.32 12392.38 NAD Million Jun 2022
Imports 25007.76 22438.96 NAD Million Jun 2022
Capital Flows -5619.10 -7423.50 NAD Million Jun 2022
Foreign Direct Investment 3081.00 2002.00 NAD Million Jun 2022
External Debt 32502.00 33065.00 NAD Million Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-9838.44 -10046.58 577.60 -11474.49 1999 - 2022 NAD Million Quarterly