Blossoming trade with China
Wood worth N$10 million was exported to China last year, double the amount in 2017.
Jo-Maré Duddy – China catapulted to Namibia’s top export market last year with more than N$16.4 billion worth of goods destined for the Asian giant.
In 2017, China was Namibia’s fourth most important export market. Compared to 2017, exports to China grew by more than N$13 billion or about 392% last year.
Exports to China in 2018 constituted 18% of Namibia’s total exports of about N$98.2 billion. The previous year, the stake was a mere 5%.
Imports from China last year totalled nearly N$6.3 billion, up about N$1.6 billion or 35.6% from 2017. It was Namibia’s third biggest import market, one spot higher than 2017.
In 2018, imports from China represented about 5.7% of Namibia’s total imports of around N$110.2 billion. In 2017, it was 5.2%.
Namibia ended last year with a trade surplus of nearly N$10.2 billion with China, opposed to a trade deficit of about N$1.3 billion in 2018.
Re-exports to China last year totalled nearly N$9.8 billion compared to N$877 million in 2018.
Exports
Copper and ores were the main export products to China last year. Nearly N$9.8 billion worth of copper found its way to China in 2018, compared to no exports the previous year. Copper exports represented 60% of total exports to China.
Nearly N$5.96 billion worth of ores were exported to China last year, about 36% of total exports to the country. In 2017, the figures were N$1.79 billion and 54%.
Wood worth N$10 million was exported to China last year, double the amount in 2017.
Namibia mainly imported industrial and electrical machinery from China – totalling nearly N$2.5 billion and constituting about 39% of total imports from the country.
Namibia also imported aircraft to the tune of N$398 million, as well as vehicles and parts worth N$196 million. Compared to 2017, vehicle imports dropped by 51%.
In 2017, China was Namibia’s fourth most important export market. Compared to 2017, exports to China grew by more than N$13 billion or about 392% last year.
Exports to China in 2018 constituted 18% of Namibia’s total exports of about N$98.2 billion. The previous year, the stake was a mere 5%.
Imports from China last year totalled nearly N$6.3 billion, up about N$1.6 billion or 35.6% from 2017. It was Namibia’s third biggest import market, one spot higher than 2017.
In 2018, imports from China represented about 5.7% of Namibia’s total imports of around N$110.2 billion. In 2017, it was 5.2%.
Namibia ended last year with a trade surplus of nearly N$10.2 billion with China, opposed to a trade deficit of about N$1.3 billion in 2018.
Re-exports to China last year totalled nearly N$9.8 billion compared to N$877 million in 2018.
Exports
Copper and ores were the main export products to China last year. Nearly N$9.8 billion worth of copper found its way to China in 2018, compared to no exports the previous year. Copper exports represented 60% of total exports to China.
Nearly N$5.96 billion worth of ores were exported to China last year, about 36% of total exports to the country. In 2017, the figures were N$1.79 billion and 54%.
Wood worth N$10 million was exported to China last year, double the amount in 2017.
Namibia mainly imported industrial and electrical machinery from China – totalling nearly N$2.5 billion and constituting about 39% of total imports from the country.
Namibia also imported aircraft to the tune of N$398 million, as well as vehicles and parts worth N$196 million. Compared to 2017, vehicle imports dropped by 51%.
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