Namibia Balance of Trade2022 Data - 2023 Forecast - 1999-2021 Historical - Chart

Name: Namibia Balance of Trade
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Namibia,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Namibia recorded a trade deficit of 5348.69 NAD Million in the fourth quarter of 2021. source: Bank of Namibia

Balance of Trade in Namibia averaged -3359.36 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 -11474.49 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 June of 2022.

Balance of Trade in Namibia is expected to be -6100.00 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 -7700.00 NAD Million in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Balance of Trade	-5348.69	-8619.13	NAD Million	Dec 2021
Current Account	-3080.00	-6448.10	NAD Million	Dec 2021
Current Account to GDP	1.90	-1.70	percent of GDP	Dec 2020
Exports	17472.54	13279.05	NAD Million	Dec 2021
Imports	22821.24	21898.18	NAD Million	Dec 2021
Capital Flows	-1746.40	-4652.10	NAD Million	Dec 2021
Foreign Direct Investment	450.00	1960.00	NAD Million	Jun 2021
External Debt	33065.00	30852.00	NAD Million	Dec 2020

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.