Exports to African markets reach N$4.9 billion

Namibia’s exports to African markets reached N$4.9 billion in July. The figure was contained in the Namibia Merchandise Trade Statistics Bulletin for July released by the Namibia Statistics Agency.

In terms of imports, the country sourced goods from Africa worth N$4.7 billion in July of which N$ 4.6 million was sourced from Mauritius.

In its monthly focus, the report looked at Namibia’s trade with Mauritius. Namibia exported goods worth N$186.5 million during the period 2015 to 2022, while on the demand side, imported goods amounting to N$604.9 million over the same period were sourced from Mauritius.

The export basket to Mauritius comprised mainly of power-generating machinery, ‘taps, cocks, valves and similar appliances’ and prepared additives for mineral oils whereas the import basket primarily comprised men’s or boys’ trousers and breeches of cotton, ‘edible products and preparations’ and ‘structures and parts of structures’.

During the month of July, the Southern African Customs Union maintained its first position as the largest source of imports for Namibia, contributing 38.2 percent and supplied Namibia mainly with, motor vehicles for the transport of goods, ‘sugars molasses and honey’ and ‘motor cars for the transport of persons.

Brazil, Russia, India, China, South Africa (BRICS) came in second position with a share of 11.9 percent of all goods imported providing the country mostly with ‘thermionic valves and tubes’ ‘Iron and steel bars’ and ‘other machinery and equipment specialized for particular industries’.

The European Union (EU) and Common Market for Eastern and Southern Africa (COMESA ranked in third and fourth position accounting for 11.2 percent and 1.3 percent of total imports, respectively. The EU supplied Namibia mostly with petroleum oils, ‘ores and concentrates of base metals’ and ‘civil engineering and contractors’ equipment’ while COMESA supplied Namibia mainly with ‘nickel ores and concentrates’, feeding stuff for animals and special yarns.

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