Africa-Press – Namibia. DONALD MATTYS
NAMIBIA’S trade deficit worsened from N$619 million to N$3,3 billion in the last two months.
According to the latest trade statistics bulletin released by the Namibia Statistics Agency today, exports decreased monthly by 36,4% to N$5,5 billion, while the imports bill amounted to N$8,8 billion, a monthly decline of 5,2%.
The low level of exports was mainly reflected in uranium, organic chemical elements, diamonds, copper blisters and petroleum oils.
This while the monthly decline in imports of goods was mainly reflected in petroleum oils, sugars, molasses and honey, civil engineering and contractors plant equipment, diamonds and taps, cocks, valves and similar appliances.
The country’s top five export partners during the month under review were South Africa, Botswana, France, the Democratic Republic of Congo (DRC) and Spain, while South Africa, India, China, DRC and Kazakhstan were the major source of imports.
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