National Statistics Agency (NSA)

Namibia suffers over N$1 billion trade deficit

Namibia suffers over N$1 billion trade deficit

Hertta-Maria Amutenja Namibia suffered a trade deficit of N$1.4 billion in June after importing goods worth N$10.1 billion while only managing to export goods valued at N$8.7 billion. This was revealed by National Statistics Agency (NSA) Statistician General and Chief Executive Officer, Alex Shimuafeni.According to Shimuafeni, Namibia’s export earnings in June decreased by 5.9 percent from N$9.2 billion to N$8.7 billion recorded last month. "The country's trade balance stood at a deficit of N$1.4 billion in June, compared to a trade deficit of N$2.8 billion and N$129 million in May 2023 and June2022, respectively," he said. He went on to…
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