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29-11-2023
Namibia exported $6 billion worth of products globally in 2022. Compared to 2021, when exports totaled $4.46 billion, the value of goods exported by Namibia increased by 34.6% year-on-year.
Namibia's Main Trading Partners
The latest country-specific data shows that the majority of Namibia's exports were purchased by importers in South Africa (17.3% of Namibia's total), Botswana (17.2%), mainland China (12.3%), Zambia (7.7%), the Democratic Republic of Congo (DRC) (5.5%), the Netherlands (5.4%), Spain (5.1%), the United Arab Emirates ( 3.5%), Belgium (3.4%), France (3.2%), United States of America (2.1%) and Hong Kong (1.8%).
Namibia's Top 10 Exports
1. Gemstones, precious metals: $1.8 billion (29.7% of total exports)
2. Ores, slag, ashes: $1.2 billion (19.7%)
3. Fish: $739.6 million (12.3%)
4. Mineral fuels, including oil: $446.3 million (7.4%)
5. Copper: $202.1 million (3.4%)
6. Salt, sulfur, stone, cement: $158.8 million (2.6%)
7. Inorganic chemicals: $142.9 million (2.4%)
8. Machinery, including computers: $116.1 million (1.9%)
9. Live animals: $112.0 million (1.9%)
10. Beverages, spirits, vinegar: $106.5 million (1.8%)
Namibia's top ten exports accounted for 83.1% of its total global exports.
Mineral fuels, including oil, are the fastest growing of the top 10 export categories, growing by 180.3% from 2021 to 2022. The second highest improvement in export sales was in machinery and equipment including computers, which grew by 139.6%. Namibia's shipments of inorganic chemicals increased the third fastest, by 65 percent.
The biggest fall in Namibia's top ten export categories was copper, which fell by -14.7% year-on-year.
On the finer four-digit HS code, unset and unset diamonds represent Namibia's most valuable export product, accounting for 22.3% of the country's total exports. In second place were uranium or thorium ores and their concentrates (13.7%), unwrought gold (7.4%), processed petroleum (6.8%), fish fillets and other fish fillets (5.6%), frozen whole fish (5.4%), copper ores and concentrates (3.7%), unrefined copper (2.5%), cobalt oxides or hydroxides (2.1%), and then malt beer (1.4%).
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