{"id":306848,"date":"2021-08-05T07:09:26","date_gmt":"2021-08-05T05:09:26","guid":{"rendered":"https:\/\/informante.web.na\/?p=306848"},"modified":"2021-08-05T07:09:29","modified_gmt":"2021-08-05T05:09:29","slug":"namibias-june-merchandise-trade-strengthens","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=306848","title":{"rendered":"Namibia\u2019s June merchandise trade strengthens"},"content":{"rendered":"

Zorena Jantze<\/p>\n

<\/p>\n

THE month of June 2021 saw Namibia\u2019s total merchandise trade strengthening to N$18.2 billion, signifying an increase of 29.6% and 19.6% when compared to the N$14.1 billion and N$15.3 billion recorded in May 2021 and June 2020, respectively.<\/p>\n

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The country\u2019s trade balance, however, remained in a deficit amounting to N$987 million from deficits of N$3.2 billion recorded in May 2021 and N$126 million in June 2020.<\/p>\n

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This is according to statistics released by the Namibia Statistics Agency (NSA) for the June trade bulletin.<\/p>\n

<\/p>\n

Namibia\u2019s trade composition by partner illustrates that China emerged as Namibia\u2019s largest export market, while South Africa was the main import market.<\/p>\n

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\"Namibia
IMPROVING: Picture for illustrative purposes only. Photo: Namibia Ports Authority.<\/figcaption><\/figure><\/div>\n\n\n

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The composition of the export basket mainly comprised of minerals such as uranium, copper, precious stones (diamonds), non-monetary gold and fish.<\/p>\n

<\/p>\n

As usual, fish remained the only non-mineral product among the top five exports.<\/p>\n

<\/p>\n

On the other hand, the import basket comprised mainly of copper, coper ores, petroleum oils, precious stones (diamonds) and ores of precious metals.<\/p>\n

<\/p>\n

The June 2021 trade figures indicated that re-exports gained strength, raising by 26.9% month-on-month, but saw a decline of 17.7 % year-on-year.<\/p>\n

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Like in the past months, copper had the largest share of all goods re-exported, accounting for 66.2% of total re-exports mainly destined to Netherlands, China, and Belgium.<\/p>\n

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Most of the re-exported copper originated from Zambia and D.R.C. <\/p>\n

<\/p>\n

Copper appears as the most dominant commodity on both trade flows, indicating the vital role the country plays as a major logistics hub for SADC.<\/p>\n

<\/p>\n

The report further reflected that Walvis Bay is the main border post for both imports and exports of goods trade by Namibia.<\/p>\n

<\/p>\n\n\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Zorena Jantze THE month of June 2021 saw Namibia\u2019s total merchandise trade strengthening to N$18.2 billion, signifying an increase of 29.6% and 19.6% when compared to the N$14.1 billion and N$15.3 billion recorded in May 2021 and June 2020, respectively. The country\u2019s trade balance, however, remained in a deficit amounting to N$987 million from deficits …<\/p>\n","protected":false},"author":11,"featured_media":306849,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,27,24],"tags":[],"class_list":["post-306848","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking-news","category-business","category-news"],"yoast_head":"\nNamibia\u2019s June merchandise trade strengthens - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"THE month of June 2021 saw Namibia\u2019s total merchandise trade strengthening to N$18.2 billion, signifying an increase of 29.6% and 19.6%...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/informante.web.na\/?p=306848\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Namibia\u2019s June merchandise trade strengthens - 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