Namibia’s exports surge over eight months in 2023

By:Justicia Shipena

Namibia’s export sector has experienced a notable upswing, totaling N$67,2 billion, in the first eight months of 2023.
This was revealed by the Namibia Statistics Agency (NSA) in its latest trade statistics report released yesterday.
The report underscores Namibia’s progress in international trade of goods.
During the initial eight months of the year, Namibia’s total exports reached N$67,2 billion.
NSA’s Chief Executive Officer, Alex Shimuafeni noted that the latest export figures demonstrated an improvement compared to the figure recorded during the same period in 2022.
In contrast, the total imports for the first eight months amounted to N$87,0 billion, reflecting a rise of N$3,2 billion compared to the corresponding period in 2022.
While the export trend is positive, it’s worth noting that Namibia’s export revenue dipped by 10.2% in August 2023, falling from N$8,2 billion in July to N$7,4 billion.
Conversely, the import costs for August increased by 3.0% compared to July.