{"id":38552,"date":"2023-02-04T15:21:53","date_gmt":"2023-02-04T15:21:53","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-trade-deficit-improves-by-59-5"},"modified":"2023-02-04T15:33:19","modified_gmt":"2023-02-04T15:33:19","slug":"namibias-trade-deficit-improves-by-59-5","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-trade-deficit-improves-by-59-5","title":{"rendered":"Namibia\u2019s trade deficit improves by 59.5%"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>NAMIBIA\u2019S trade deficit made a major improvement month on month, with the trade deficit standing at N$1.1 billion in December 2022, compared to a deficit of N$2.8 billion recorded in the previous month.<\/p>\n

This is according to the latest trade statistics released by the Namibia Statistics Agency (NSA) for the month of December 2022.<\/p>\n

According to the report, Namibia\u2019s export earnings decreased by 10.3% from N$9.6 billion recorded the previous month to N$8.7 billion. Similarly, the imports bill for the month under review amounted to N$9.8 billion, representing a decrease of 21.4 % from N$12.5 billion recorded in November 2022. As a result, the trade deficit stood at N$1.1 billion in December 2022, a notable improvement of 59.5% when compared to a deficit of N$2.8 billion recorded the previous month.<\/p>\n

Namibia\u2019s trade activities continued to increase during the period of January 2022 to December 2022 when compared to the same period of 2021.<\/p>\n

Cumulative exports from the month of January 2022 to December 2022 stood at N$96.4 billion, representing an increase of 46.3% from N$65.9 billion recorded during the same period in 2021.<\/p>\n

Subsequently, for imports, an increase of 34.8% is depicted, recording N$128.3 billion compared to N$95.2 billion recorded during the same period last year.<\/p>\n

In December 2022, the Mining and Quarrying exported goods, with a value of N$4.3 billion, absorbed 49.7% of total exports.<\/p>\n

The value of the products from the industry decreased by N$813 million from N$5.1 billion recorded in November 2022. Products from the manufacturing industry came in second position, with exports valued at N$3.2 billion in December 2022. Exported products from this industry, decreased by N$460 million when compared to N$3.7 billion recorded in November 2022.<\/p>\n

The demand side was largely dominated by products from the manufacturing industry, with an import bill of N$6.8 billion registered in December 2022. This is a decrease of 23.9% from N$9.0 billion recorded during the previous month.<\/p>\n

Mining and Quarrying goods imported accounted for 27.9% of the total imports for the month of December 2022 amounting to N$2.7 billion, a decrease of N$480 million from N$3.2 billion recorded in November 2022.<\/p>\n

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

Africa-Press – Namibia. NAMIBIA\u2019S trade deficit made a major improvement month on month, with the trade deficit standing at N$1.1 billion in December 2022, compared to a deficit of N$2.8 billion recorded in the previous month. This is according to the latest trade statistics released by the Namibia Statistics Agency (NSA) for the month of […]<\/p>\n","protected":false},"author":84,"featured_media":38551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[234,236,233],"class_list":["post-38552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nNamibia\u2019s trade deficit improves by 59.5% - Namibia<\/title>\n<meta name=\"description\" content=\"NAMIBIA\u2019S trade deficit made a major improvement month on month, with the trade deficit standing at N$1.1 billion in Dec ...\" \/>\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\/namibias-trade-deficit-improves-by-59-5\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Namibia\u2019s trade deficit improves by 59.5%\" \/>\n<meta property=\"og:description\" content=\"NAMIBIA\u2019S trade deficit made a major improvement month on month, with the trade deficit standing at N$1.1 billion in Dec ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-trade-deficit-improves-by-59-5\" \/>\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=\"2023-02-04T15:21:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-04T15:33:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/02\/postQueueImg_1675511541.95.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\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\/namibias-trade-deficit-improves-by-59-5#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-trade-deficit-improves-by-59-5\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Namibia\u2019s trade deficit improves by 59.5%\",\"datePublished\":\"2023-02-04T15:21:53+00:00\",\"dateModified\":\"2023-02-04T15:33:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-trade-deficit-improves-by-59-5\"},\"wordCount\":347,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-trade-deficit-improves-by-59-5#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/02\/postQueueImg_1675511541.95.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-trade-deficit-improves-by-59-5#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-trade-deficit-improves-by-59-5\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-trade-deficit-improves-by-59-5\",\"name\":\"Namibia\u2019s trade deficit improves by 59.5% - 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