China remains a top market for Namibian exports
18 January 2021 | Economics
Total exports deteriorated in November last year by 3.9% when compared to its level of N$8.3 billion observed in November 2019.
The top three countries China, South Africa and Botswana maintained their positions while Spain and Zambia lost their positions amongst the top five trading partners to Belgium and Germany, respectively, according to Namibia Statistics Agency (NSA) trade bulletin report.
Non-ferrous metals, mainly destined to China, Belgium and Germany was Namibia’s largest export commodity during the month under review.
They accounted for 25.5% of total exports ahead of metalliferous ores and metal scrap which accounted for 24.1% of total exports due to demand of this product by China, Italy and Singapore, NSA said.
Non-metallic mineral manufactures, primarily destined to Botswana, Belgium and United States of America claimed the third position with a contribution of 16.1% to total exports followed by nonmonetary Gold in the fourth place with 6.8%.
South Africa continued to be Namibia’s only market for gold export. Finally, fish occupied the fifth position with a contribution of 6.5% as a result of exports to Spain, South Africa and Zambia, NSA pointed out.
During the month of November 2020, exports amounting to N$4.5 billion, representing 55.6% of total exports left the country by sea, translating into an increase of 25.6% when compared to its level of N$3.5 billion recorded in the corresponding period of 2019.
An increase of 8.3% was observed when compared to the level of N$4.1 billion in October 2020. Furthermore, air and road transportation accounted for 22.9% and 21.5% of total exports, respectively, NSA said.
In terms of tonnage, the month of November 2020 saw about 145 596 tons of goods leaving Namibia by sea, up from 116 665 tons and 94 620 tons recorded in November 2019 and October 2020, respectively.
About 131 640 tons of goods left the country by road when compared to its level of 140 423 tons recorded in the corresponding period of 2019 and from 130 970 tons recorded in the preceding month, NSA added. - [email protected]