Namibia recorded a trade deficit of 5954.86 NAD Million in the first quarter of 2020.

Balance of Trade in Namibia averaged -3176.27 NAD Million from 1999 until 2020, 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 October of 2020. source: Bank of Namibia

Balance of Trade in Namibia is expected to be -2800.00 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 -4100.00 in 12 months time. In the long-term, the Namibia Balance of Trade is projected to trend around -4550.00 NAD Million in 2021 and -5500.00 NAD Million in 2022, according to our econometric models.

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Namibia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-5954.86 -3429.50 577.60 -11476.60 1999 - 2020 NAD Million Quarterly

Namibia Trade Last Previous Highest Lowest Unit
Balance of Trade -5954.86 -3429.50 577.60 -11476.60 NAD Million [+]
Current Account 5110.40 -432.10 5110.40 -7961.10 NAD Million [+]
Current Account to GDP -2.30 -2.80 13.80 -15.50 percent [+]
Imports 16789.20 18833.50 21573.30 1991.60 NAD Million [+]
Exports 10834.34 15404.10 15893.10 1559.20 NAD Million [+]
Capital Flows 5217.80 1347.50 5217.80 -7180.20 NAD Million [+]
Foreign Direct Investment -2082.35 -777.10 6789.40 -2422.85 NAD Million [+]
External Debt 32155.60 26425.90 32155.60 2873.30 NAD Million [+]
Terms Of Trade 109.70 109.40 113.90 89.50 points [+]
Terrorism Index 0.00 0.00 3.03 0.00 [+]
Tourist Arrivals 1595973.00 1557279.00 1595973.00 777890.00 Persons [+]

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.