By: Staff Writer
Namibia experienced a stark decline in exports last month, with trades plummeting from N$12.0 billion in January 2024 to N$6.1 billion, exacerbating the country’s trade deficit, which more than doubled.
The significant decrease of 48.9% was primarily attributed to declines in the export of Namibia’s key commodities, notably a N$3.8 billion drop in uranium exports and a N$1.2 billion decrease in precious stones (diamond) exports.
According to the Namibia Statistics Agency, exports of civil engineering and contractors’ equipment also fell by N$219 million, while exports of non-monetary gold and ores and concentrates of base metals saw decreases of N$215 million and N$206 million, respectively.
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