Economy of Namibia
| Statistics | |
|---|---|
| Exports | $3.995 billion (2017 est.) |
| Export goods | diamonds, copper, gold, zinc, lead, uranium; cattle, white fish and mollusks |
| Main export partners | South Africa 27.1% Botswana 14.9% Switzerland 12% Zambia 5.7% China 4.6% Italy 4.4% (2017) |
| Imports | $5.384 billion (2017 est.) |
What products does Namibia import and export?
The most recent imports of Namibia are led by Raw Copper ($1.05B), Refined Petroleum ($828M), Copper Ore ($394M), Refined Copper ($214M), and Delivery Trucks ($205M). The most common import partners for Namibia are South Africa ($3.54B), Zambia ($1.21B), China ($304M), India ($236M), and Bulgaria ($187M).
What are the leading exports?
United States Top 10 Exports America’s biggest export products by value in 2020 were refined petroleum oil, crude oil, cars, electronic integrated circuits and petroleum gases.
Is Namibia a poor or rich country?
Rated as a high middle income country, Namibia’s poverty and inequality levels are among the highest. About 28.7% of the population is poor while 15% are extremely poor. Poverty is highest in rural (37%) than in urban areas (15%).
What food does Namibia import?
Namibia’s top 10 consumed vegetables are potatoes, onions, butternut, cabbage, green beans, carrots, English cucumber, sweet potato and beetroot. Onions and tomatoes worth N$42 million were imported into the country. Apple imports came second to potatoes at N$83 million, followed by bananas at N$31 million.
What kind of products does Namibia export to other countries?
Namibia exports mostly diamonds (25% of total exports), uranium, lead, zinc, tin, silver, tungsten, food and live animals and manufactured products. Namibia’s main exports partners are South Africa (27% of total), United Kingdom (17%), USA, Angola, Netherlands and Spain. Compare Exports by Country United Nations Comtrade Database
Which is the fastest growing sector of the Namibian economy?
Commercial fishing and fish processing is the fastest-growing sector of the Namibian economy in terms of employment, export earnings, and contribution to GDP. The main species found in abundance off Namibia are pilchards (sardines), anchovy, hake, and horse mackerel.
Which is the largest trading partner of Namibia?
While the United States is among Namibia’s top ten trading partners, imports into Namibia are dominated by South Africa, with 45 percent of the total. The Namibian dollar (N$) is pegged one to one (1:1) to the South African Rand. The World Bank ranked Namibia 107 among 190 countries in its 2019 Doing Business Report.
Who are the major mining companies in Namibia?
NamDeb, a 50:50 joint venture between the Namibian government and De Beers, is the primary land-based diamond mining company. Debmarine Namibia handles off-shore diamond mining, and is also a 50:50 joint venture between the Namibian government and De Beers. Namibia is the world’s fourth largest producer of uranium oxide.
