Namibia recorded a trade deficit of 8268.41 NAD Million in the first quarter of 2021. source: Bank of Namibia

Balance of Trade in Namibia averaged -3221.16 NAD Million from 1999 until 2021, reaching an all time high of 793 NAD Million in the second quarter of 2020 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 September of 2021.

Balance of Trade in Namibia is expected to be -5100.00 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

Actual Previous Highest Lowest Dates Unit Frequency
-8268.41 -3476.34 793.00 -11476.60 1999 - 2021 NAD Million Quarterly

Namibia Trade Last Previous Highest Lowest Unit
Balance of Trade -8268.41 -3476.34 793.00 -11476.60 NAD Million [+]
Current Account -4001.50 -855.50 4704.90 -7961.10 NAD Million [+]
Current Account to GDP 1.90 -1.70 13.80 -16.10 percent of GDP [+]
Imports 17297.74 19147.82 21573.30 1991.60 NAD Million [+]
Exports 9029.32 15671.48 15893.10 1559.20 NAD Million [+]
Capital Flows -3373.10 -2634.50 5217.80 -7180.20 NAD Million [+]
Foreign Direct Investment 1822.87 140.28 6789.40 -1757.08 NAD Million [+]
External Debt 33065.00 30852.00 33065.00 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.