Namibia recorded a trade deficit of 6262 NAD Million in the second quarter of 2021. source: Bank of Namibia

Balance of Trade in Namibia averaged -3259.60 NAD Million from 1999 until 2021, reaching an all time high of 577.60 NAD Million in the third quarter of 2004 and a record low of -11476.60 NAD Million in the third quarter of 2015. This page provides - Namibia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Namibia Balance of Trade - values, historical data and charts - was last updated on November of 2021.

Balance of Trade in Namibia is expected to be -5550.00 NAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Balance of Trade is projected to trend around -6000.00 NAD Million in 2022 and -7700.00 NAD Million in 2023, according to our econometric models.

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Namibia Balance of Trade


Related Last Previous Unit Reference
Balance of Trade -6262.00 -8756.00 NAD Million Jun/21
Current Account -3076.00 -3774.00 NAD Million Jun/21
Current Account to GDP 1.90 -1.70 percent of GDP Dec/20
Exports 11659.00 9229.00 NAD Million Jun/21
Imports 11659.00 9229.00 NAD Million Jun/21
Capital Flows -1481.00 -3529.00 NAD Million Jun/21
Foreign Direct Investment 450.00 1960.00 NAD Million Jun/21
External Debt 33065.00 30852.00 NAD Million Dec/20
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.