Namibia recorded a trade deficit of 2805.60 NAD Million in the second quarter of 2018. Balance of Trade in Namibia averaged -2893.84 NAD Million from 1999 until 2018, reaching an all time high of 577.60 NAD Million in the third quarter of 2004 and a record low of -11177 NAD Million in the third quarter of 2015.

Balance of Trade in Namibia is expected to be -1081.00 NAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Namibia to stand at -867.00 in 12 months time. In the long-term, the Namibia Balance of Trade is projected to trend around 2038.00 NAD Million in 2020, according to our econometric models.

Namibia Balance of Trade
Forecast Data Chart
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Namibia Trade Last Previous Highest Lowest Unit
Balance of Trade -2805.60 -4092.70 577.60 -11177.00 NAD Million [+]
Current Account -613.50 -1288.30 2409.00 -8790.50 NAD Million [+]
Current Account to GDP -2.30 -14.30 13.80 -14.30 percent [+]
Imports 16370.00 17978.90 21644.30 1991.60 NAD Million [+]
Exports 13564.40 13886.20 14912.60 1559.20 NAD Million [+]
Capital Flows -278.00 -2384.90 3084.50 -8357.80 NAD Million [+]
Terms Of Trade 136.20 125.00 136.20 93.70 Index Points [+]
Terrorism Index 0.00 0.00 3.03 0.00 [+]
Foreign Direct Investment -344.10 -142.00 10389.20 -459.00 NAD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Namibia Balance of Trade

Namibia exports mostly diamonds (25% of total exports), uranium, lead, zinc, tin, silver, tungsten, food and live animals and manufactured products. Namibia's main exports partners are South Africa (27% of total), United Kingdom (17%), USA, Angola, Netherlands and Spain. Namibia imports food products; petroleum products and fuel, machinery and equipment and chemicals. South Africa is Namibia’s major import partner (66% of total imports), followed by the Netherlands, United Kingdom and China. This page provides - Namibia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Namibia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-2805.60 -4092.70 577.60 -11177.00 1999 - 2018 NAD Million Quarterly

Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -16670.00 Nov/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18