Namibia sells N$98,1 million worth of beer

IN December 2023, Namibia exported beer to the value of N$98,1 million, with the largest export market being made up of the Southern African Customs Union (Sacu)

This was revealed by the Namibia Statistics Agency in its monthly trade statistics bulletin.

“On the analysis of commodity of the month, Namibia exported beer worth N$98,1 million during the month under review,” said statistician general Alex Shimuafeni.

According to the report, Sacu made up 52,2% of all total exports during the month under review.

Exports to Sacu increased by N$8 billion to N$41,7 billion in 2023, compared to the previous year.

On the demand side, Sacu remained the main source for Namibia during 2023, contributing 39,2% of the total imports.

In December, Namibia’s exports totalled N$11,5 billion, with imports at N$11,8 billion, resulting in a trade deficit of N$299 million.

During the same period, there was a 1,9% decrease in exports from November, standing at N$11,8 billion.

Namibia’s largest export destination, Botswana, had a total share of 35% of all exports, with South Africa following with 17,4%.

On the import side, South Africa maintained its position, accounting for 33,6% of all imports.

According to the report, the top five imports for Namibia were from South Africa, China, India, the United Arab Emirates and the United States of America.

The analysis of exports by commodities highlighted the dominance of precious stones (diamonds) at 35,4%, with non-monetary gold and fish following at 11,2% and 9,6%, respectively.

During 2023, air transportation was the most used mode of transport, accounting for 36,8% of exports.

This was followed by road transportation, accounting for 36%.

On the demand side, roads were the main mode of transport utilised during 2023, accounting for 51,7% of total imports ahead of sea and air, with respective contributions of 44,3% and 4%.

– email: shania@namibian.com.na; Twitter: @ShaniaLazarus