Trade Trend

In 2023, Namibia's total export value is 5.61Billion USD, total import value is 7.28Billion USD, Deficit is -1.68Billion USD, and foreign trade dependency is 1.043. In 2023，Namibia's top export products are Diamonds, whether or not worked, but not mounted or set(1.61Billion USD), Uranium or thorium ores and concentrates(788.38Million USD), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(628.70Million USD), top export destinations are Botswana(1.06Billion USD), South Africa(1.06Billion USD), China(682.87Million USD). In 2023, Namibia's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.54Billion USD), Diamonds, whether or not worked, but not mounted or set(270.22Million USD), Copper ores and concentrates(249.23Million USD), top import origins are South Africa(2.64Billion USD), China(673.99Million USD), India(485.15Million USD).

Comparing to 2022, Namibia's total export value decreased -225.65Million USD(-3.87%) in 2023, this could result from its export decreases of products such as Copper ores and concentrates(-165.84Million USD or -80.54%), Copper; unrefined, copper anodes for electrolytic refining(-157.27Million USD or -100.00%), Cobalt oxides and hydroxides; commercial cobalt oxides(-114.08Million USD or -91.18%) and export decreases to countries/economics such as None(-168.38Million USD or -35.88%), Netherlands(-114.70Million USD or -38.28%), Finland(-99.88Million USD or -91.12%). Comparing to 2022, Namibia's total import value decreased -525.28Million USD(-6.73%) in 2023, this could result from its import decreases of products such as Vessels and other floating structures; for breaking up(-163.03Million USD or -98.46%), Precious metal ores and concentrates(-159.83Million USD or -92.15%), Diamonds, whether or not worked, but not mounted or set(-152.28Million USD or -57.72%), and its import decreases from countries/economies such as None(-194.73Million USD or -44.16%), Bulgaria(-184.71Million USD or -96.40%), Netherlands(-159.90Million USD or -68.44%).

Cumulated to first 7 months of 2024, Namibia's total export value is 2.03Billion USD, total import value is 2.03Billion USD, and tradesurplus is 1.94Million USD. Cumulated to first 7 months of 2024, Namibia's top export products are Radioactive chemical elements and radioactive isotopes (including the fissile or fertile chemical elements and isotopes); and their compounds; mixtures and residues containing these products(362.86Million USD), Diamonds, whether or not worked, but not mounted or set(237.71Million USD), Copper; unrefined, copper anodes for electrolytic refining(231.80Million USD), and top export destinations are China(426.15Million USD), South Africa(375.24Million USD), Belgium(181.55Million USD). Cumulated to first 7 months of 2024, Namibia's top import products are Radioactive chemical elements and radioactive isotopes (including the fissile or fertile chemical elements and isotopes); and their compounds; mixtures and residues containing these products(362.86Million USD), Diamonds, whether or not worked, but not mounted or set(237.71Million USD), Copper; unrefined, copper anodes for electrolytic refining(231.80Million USD), and top import origins areSouth Africa(1.02Billion USD), China(191.86Million USD), United States(85.25Million USD).