Trade deficit reaches N$3.6 billion in August 2024

Trade deficit reaches N$3.6 billion in August 2024

The Namibia Statistics Agency has reported a trade balance deficit of N$3.6 billion in August 2024 which is an increase from N$2.1 billion in July and a decrease from N$4.9 billion in August 2023. Exports were adjusted upward by N$7 million, while imports decreased by N$1 million, mainly due to higher export values of fish and precious stones, according to Namibia Statistics Agency spokesperson Mirjam Shihepo.

October 2, 2024 28

Business / Economics

South Africa’s current-account deficit narrows

South Africa’s current account deficit narrowed more than expected in the second quarter as the rand price of exported goods and services increased more than that of the imports gap on the current account. The South African Reserve Bank on Thursday said that the broadest measure of trade in goods and services shrank to 0.9% of GDP, or 64.6 billion rand, down from a revised 1.5% of GDP in the […]

September 5, 2024 12

Business / Economics

Namibia’s merchandise trade deficit shrinks in June 2024

The Namibia Statistics Agency has released the latest trade statistics bulletin which shows that during June 2024, the country’s trade balance stood at a deficit of N$825 million, a notable improvement when compared to N$3.4 billion and N$1.5 billion recorded in May 2024 and June 2023, respectively. The data also revealed that China emerged as Namibia’s largest market for exports while South Africa took the first position on imports. NSA […]

August 1, 2024 46

Business / Economics

Namibia’s trade deficit hits N$3.3 billion

The Namibia Statistics Agency’s latest International Merchandise Trade Statistics Bulletin shows that during the month of May 2024, the country’s trade balance stood at a deficit of N$3.3 billion, a worsened trade balance when compared to N$3.1 billion and N$2.9 billion recorded in April 2024 and May 2023, respectively. NSA spokesperson, Mirjam Shihepo. Namibia's trade composition by partner showed that South Africa remained Namibia's largest market for both exports […]

July 2, 2024 73

Namibia

Namibia’s CPI comes in at 5.3%

The Namibia Statistics Agency’s latest Consumer Price Index shows that Namibia’s annual inflation stood at 5.3 percent during December 2023. NSA Communication specialist, Mirja Shihepo helps make sense of things. Meanwhile, during the month of November 2023, Namibia’s trade balance stood at a deficit of N$4.0 billion an improvement when compared to N$4.5 billion when compared to N$2.8 billion recorded in October 2023. The country’s trade composition by partner […]

January 18, 2024 51

Business / Economics

The Year of Expectations: Converting uncertainty into opportunity

By Josef Kefas Sheehama This time of year is always a welcome opportunity to reflect on what is most important. His Excellency Dr Hage G. Geingob, the President of the Republic of Namibia has declared 2024 as “The Year of Expectations”. As Namibia approaches the general elections in 2024, there is immense pressure on political leaders to tackle these economic challenges and implement policies that will deliver an inclusive […]

January 11, 2024 12