{"id":18996,"date":"2022-05-09T14:53:43","date_gmt":"2022-05-09T14:53:43","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit"},"modified":"2022-05-09T15:09:26","modified_gmt":"2022-05-09T15:09:26","slug":"significant-improvement-in-trade-deficit","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit","title":{"rendered":"Significant improvement in trade deficit"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>For March 2022, Namibia\u2019s export earnings stood at N$6 billion (a decrease of 3.4% monthly), while the imports bill amounted to N$8.9 billion (a decline of 17.7% monthly).<\/p>\n

This resulted in a trade deficit of N$2.9 billion, a significant improvement of 37.3% when compared to the deficit of N$4.6 billion recorded in February 2022. This was contained in the trade statistics bulletin for March 2022 released last week by the Namibia Statistics Agency (NSA).<\/p>\n

\u201cNamibia\u2019s trade activities picked up for March 2022 when compared to the same month of 2021. Cumulative total trade (import + export) for March 2022 stood at N$15 billion, a conspicuous 22% increase from N$12.3 billion witnessed in March 2021,\u201d reads the bulletin.<\/p>\n

International merchandise trade plays a crucial role in economic development, as it links producers and consumers located in different countries into a global economic system.<\/p>\n

Furthermore, the report stated cheese was chosen as the commodity of the month. In March 2022, the country imported cheese worth N$14.6 million. During the period March 2021 to March 2022, Namibia on average imported cheese to a value of N$14.2 million<\/p>\n

monthly. During this period, the lowest import value of N$11 million was observed in February 2022, while the highest import value of N$18.5 million was recorded in October 2021. Most of the cheese imported during March 2022 originated from South Africa.<\/p>\n

The analysis of exports by commodities revealed that precious stones (diamonds) had the largest share of 25% of Namibia\u2019s total exports ahead of fish with 14%, inorganic chemical elements and non-monetary gold with a market share of 8% each, and copper blisters with 7.2%.<\/p>\n

In terms of imports, petroleum oils were the most imported commodities with a share of 18.4% of total imports, followed by civil engineering and contractors\u2019 equipment with a share of 3.8%, whereas precious stones (diamonds) came third with a share of 3.4%. Motor vehicles for the transportation of goods accounted for 3.1%, while sugars, molasses and honey accounted for 3% of Namibia\u2019s total imports.<\/p>\n

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

Africa-Press – Namibia. For March 2022, Namibia\u2019s export earnings stood at N$6 billion (a decrease of 3.4% monthly), while the imports bill amounted to N$8.9 billion (a decline of 17.7% monthly). This resulted in a trade deficit of N$2.9 billion, a significant improvement of 37.3% when compared to the deficit of N$4.6 billion recorded in […]<\/p>\n","protected":false},"author":84,"featured_media":18995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,6,8,16],"tags":[234,236,233],"class_list":["post-18996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-files","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nSignificant improvement in trade deficit - Namibia<\/title>\n<meta name=\"description\" content=\"For March 2022, Namibia\u2019s export earnings stood at N$6 billion (a decrease of 3.4% monthly), while the imports bill amou ...\" \/>\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\/namibia\/all-news\/significant-improvement-in-trade-deficit\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Significant improvement in trade deficit\" \/>\n<meta property=\"og:description\" content=\"For March 2022, Namibia\u2019s export earnings stood at N$6 billion (a decrease of 3.4% monthly), while the imports bill amou ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-09T14:53:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-09T15:09:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/05\/postQueueImg_10-62792e8e124e1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"527\" \/>\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\/namibia\/all-news\/significant-improvement-in-trade-deficit#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Significant improvement in trade deficit\",\"datePublished\":\"2022-05-09T14:53:43+00:00\",\"dateModified\":\"2022-05-09T15:09:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit\"},\"wordCount\":327,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/05\/postQueueImg_10-62792e8e124e1.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"files\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit\",\"name\":\"Significant improvement in trade deficit - Namibia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/05\/postQueueImg_10-62792e8e124e1.jpg\",\"datePublished\":\"2022-05-09T14:53:43+00:00\",\"dateModified\":\"2022-05-09T15:09:26+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"For March 2022, Namibia\u2019s export earnings stood at N$6 billion (a decrease of 3.4% monthly), while the imports bill amou ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/05\/postQueueImg_10-62792e8e124e1.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/05\/postQueueImg_10-62792e8e124e1.jpg\",\"width\":720,\"height\":527,\"caption\":\"Significant improvement in trade deficit\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/namibia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Significant improvement in trade deficit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/\",\"name\":\"Namibia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Significant improvement in trade deficit - Namibia","description":"For March 2022, Namibia\u2019s export earnings stood at N$6 billion (a decrease of 3.4% monthly), while the imports bill amou ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit","og_locale":"en_US","og_type":"article","og_title":"Significant improvement in trade deficit","og_description":"For March 2022, Namibia\u2019s export earnings stood at N$6 billion (a decrease of 3.4% monthly), while the imports bill amou ...","og_url":"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit","og_site_name":"Namibia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-05-09T14:53:43+00:00","article_modified_time":"2022-05-09T15:09:26+00:00","og_image":[{"width":720,"height":527,"url":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/05\/postQueueImg_10-62792e8e124e1.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Significant improvement in trade deficit","datePublished":"2022-05-09T14:53:43+00:00","dateModified":"2022-05-09T15:09:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit"},"wordCount":327,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/05\/postQueueImg_10-62792e8e124e1.jpg","keywords":["africa press","Africa Press-Namibia","namibia"],"articleSection":["all news","economy","files","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit","url":"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit","name":"Significant improvement in trade deficit - Namibia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/05\/postQueueImg_10-62792e8e124e1.jpg","datePublished":"2022-05-09T14:53:43+00:00","dateModified":"2022-05-09T15:09:26+00:00","author":{"@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"For March 2022, Namibia\u2019s export earnings stood at N$6 billion (a decrease of 3.4% monthly), while the imports bill amou ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit#primaryimage","url":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/05\/postQueueImg_10-62792e8e124e1.jpg","contentUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/05\/postQueueImg_10-62792e8e124e1.jpg","width":720,"height":527,"caption":"Significant improvement in trade deficit"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/significant-improvement-in-trade-deficit#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/namibia\/"},{"@type":"ListItem","position":2,"name":"Significant improvement in trade deficit"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/namibia\/#website","url":"https:\/\/www.africa-press.net\/namibia\/","name":"Namibia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/18996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/comments?post=18996"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/18996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media\/18995"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media?parent=18996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/categories?post=18996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/tags?post=18996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}