{"id":42203,"date":"2024-01-20T17:59:27","date_gmt":"2024-01-20T17:59:27","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=42203"},"modified":"2024-01-20T16:57:22","modified_gmt":"2024-01-20T16:57:22","slug":"onions-dominate-exports-in-november","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/onions-dominate-exports-in-november","title":{"rendered":"Onions dominate exports in November"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>The Namibia Statistics Agency (NSA) says onions were the commodity of the month after Namibia sold N$20,2 million worth of the vegetable in November.<\/b><\/p>\n

This is according to the latest Merchandise Trade Statistics Bulletin, which was released yesterday.<\/p>\n

Total exports for Namibia saw a significant boost in November, reaching a high 73%, compared to October.<\/p>\n

However, the country\u2019s reliance on imported goods continues, leading to a trade deficit of N$4 billion.<\/p>\n

\u201cThe country\u2019s trade balance stood at a deficit of N$4 billion, an improvement when compared to N$4,5 billion, and worsened when compared to N$2,8 billion recorded in October 2023 and November 2022, respectively,\u201d says Alex Shimuafeni, the statistician general.<\/p>\n

The November export was fuelled by an increased demand for natural resources, particularly uranium (23,3% market share), precious stones (20,9%), and non-monetary gold (12,3%).<\/p>\n

China remained the top export destination, making up 23,9% of exports, followed by Botswana (22,2%).<\/p>\n

While exports soared, so did imports, climbing 39,7% from October and 26,1% from November 2022.<\/p>\n

South Africa retained its dominance as the primary import source, accounting for 36,3% of the market share.<\/p>\n

India followed closely with 13%.<\/p>\n

Petroleum oil (27%), inorganic chemicals (3,4%), and construction equipment (3%) were the most sought-after imports.<\/p>\n

The Southern African Customs Union was Namibia\u2019s biggest trade partner in November, absorbing 41,7% of exports and supplying 37,1% of imports.<\/p>\n

The Bric nations (Brazil, Russia, India, China) took up 24,1% of exports and 21,4% of imports.<\/p>\n

Sea transport remained the preferred method for exports (41,7%), followed by air (34,8%) and road (23,5%).<\/p>\n

For imports, however, road transport took the lead (49,2%), followed by sea (47,5%).<\/p>\n

According to Shimuafeni, this shift highlights the importance of regional land trade for Namibian imports.<\/p>\n

Under the African Continental Free Trade Area, Namibia enjoyed a trade surplus with Liberia in November, exporting onions worth N$20,2 million.<\/p>\n

Despite the export boom, Namibia\u2019s trade deficit highlights the need for diversifying its import sources and increasing value-added exports, Shimuafeni says.<\/p>\n

\u201cStrengthening regional trade partnerships and boosting domestic production could help narrow the gap in the future,\u201d he says.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. The Namibia Statistics Agency (NSA) says onions were the commodity of the month after Namibia sold N$20,2 million worth of the vegetable in November. This is according to the latest Merchandise Trade Statistics Bulletin, which was released yesterday. Total exports for Namibia saw a significant boost in November, reaching a high 73%, […]<\/p>\n","protected":false},"author":84,"featured_media":42202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,237,234],"class_list":["post-42203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nOnions dominate exports in November - Botswana<\/title>\n<meta name=\"description\" content=\"The Namibia Statistics Agency (NSA) says onions were the commodity of the month after Namibia sold N$20,2 million wor ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/onions-dominate-exports-in-november\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Onions dominate exports in November\" \/>\n<meta property=\"og:description\" content=\"The Namibia Statistics Agency (NSA) says onions were the commodity of the month after Namibia sold N$20,2 million wor ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/onions-dominate-exports-in-november\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-20T17:59:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/01\/sm_1705757023.41718.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"751\" \/>\n\t<meta property=\"og:image:height\" content=\"451\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/onions-dominate-exports-in-november#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/onions-dominate-exports-in-november\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Onions dominate exports in November\",\"datePublished\":\"2024-01-20T17:59:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/onions-dominate-exports-in-november\"},\"wordCount\":338,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/onions-dominate-exports-in-november#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/01\/sm_1705757023.41718.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/onions-dominate-exports-in-november#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/onions-dominate-exports-in-november\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/onions-dominate-exports-in-november\",\"name\":\"Onions dominate exports in November - 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