March 2024 export earnings up by 36.5% 

The Namibia Statistics Agency has announced that during March 2024, Namibia’s export earnings recorded an increase of 36.5 percent from N$6.1 billion recorded in February 2024 to N$8.3 billion. Moreover, the import bill for the month under review increased by 27.9 percent from N$10.0 billion recorded during the preceding month, resulting in a worsened trade deficit of N$4.5 billion when compared to a trade deficit of N$3.9 billion recorded in February 2024. Namibia’s cumulative exports recorded N$ 26.2 billion in March 2024, compared to N$ 26.1 billion registered during the same month, the previous year. NSA spokesperson Mirjam Shihepo.

Trade highlights by category: 

Monthly increase in export of goods was mainly reflected in:

1. Precious stones (diamond) increased by N$1.4 billion
2. ‘Nickel ores and concentrates’ increased by N$489 million
3. Uranium increased by N$445 million
4. Inorganic chemical elements increased by N$110 million
5. Printed matter increased by N$106 million

Monthly increase in import of goods was mainly reflected in:

1. Petroleum oils increased by N$1.4 billion
2. ‘Copper ores and concentrates’ increased by N$874 million
3. Automatic data-processing machines increased by N$130 million
4. Motor cars for the transportation of goods increased by N$110 million
5. Mechanical handling equipment increased by N$98 million