Thursday, February 29
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Author: Mashazi Mahoto

Namibia’s May Total Merchandise Trade ‘flies’…

Namibia’s May Total Merchandise Trade ‘flies’…

General News
By Mashazi Mahoto The country’s total merchandise trade for May soared to 15,9 billion in May, an increase of 50,4 percent in comparison to the previous month, the Namibia Statistics Agency revealed today. In April, the country had registered 10,6 billion only. Sadly, the country’s trade balance remained in a deficit amounting to N$4.6 billion as compared to N$4.1 billion recorded in April 2022. Namibia’s trade composition by partner showed that most of the country’s export merchandise goes to Botswana while South Africa maintained its position as the largest import market for the country. Exports during the month under review were minerals such as precious stones like diamonds, copper blisters, non-monetary gold, and petroleum oils. Fish continued to be the only nonmineral...