Namibia’s Trade Deficit Improves by N$2.2 Billion

 

By: Staff writer

 

Namibia’s trade deficit improved by N$2.2 billion between October and November last year despite the country’s import bill rising to N$17.7 billion in November.

While Namibia recorded a N$5.5 trade deficit in November after exporting goods and services worth N$12.2 billion and incurring an import bill of N$17.7 billion, this is an improvement from the N$7.7 billion trade deficit the country recorded in October 2024.

Over the 11-month period from January to November, Namibia recorded a trade deficit of N$42.4 billion after earning N$106.4 billion in exports while suffering a N$148.8 billion import bill.