Namibia buys N$14,9 million worth of coffee

Namibia has bought N$14,9 million worth of coffee and cocoa since the start of winter.

This is according to data released by the Namibia Statistics Agency (NSA) yesterday on merchandise trade for May and June.

The data shows the country also recorded a declining trade deficit of N$825 million.
The country had a trade deficit of N$1,5 billion last June.

This means Namibia sold more than it bought, compared to other months.
“The import bill for the month under review increased by 7,7% from N$12,7 billion recorded during the preceding month,” statistician general Alex Shimuafeni says.

Namibia sold goods worth N$2,2 billion to Botswana, China (N$2 billion) and the United States (N$1 billion).

These are the countries where a trade surplus was recorded during the period under review.
Trade deficits were recorded against South Africa, Peru and Omanat.

Additionally the country bought goods worth N$13,7 billion.

According to the report, this is a 7,7% increase in imports when compared to the previous month.

“During the month under review, the export bill increased by 37,4% when compared to N$9,4 billion recorded in May 2024, and an increase of 55,8% when compared to N$8,3 billion registered in the corresponding month of 2023,” the report says.

China was the largest export destination in June, followed by Botswana and South Africa.

Uranium was the country’s largest exported commodity, having increased by N$3,7 billion.

“Precious stones (diamonds) came second on the list, accounting for 18,4% of the total exports, and was mostly destined to Botswana and the United Arab Emirates,” said the report.

The export value increased by N$471 million.

The majority (52,8%) of the exported goods were transported via sea.

“Sea transportation was the common mode of transport used for the goods imported during June with a total value of N$6,7 billion,” the report says.

The majority of the goods were imported and exported through the port of Walvis Bay.