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MONTHLY TRADE STATISTICS BULLETIN

AUGUST 2013

MONTHLY TRADE STATISTICS BULLETIN JUNE 2013 1

MONTHLY TRADE STATISTICS BULLETIN AUGUST 2013



Mission, Vision and Core Values

MISSION STATEMENT“In a coordinated manner we produce and disseminate relevant, quality and timely statistics

that are fit-for-purpose in accordance with international standards and best practice”

VISION STATEMENT“Be a high performance institution in statistics delivery”

CORE VALUESPerformance

IntegrityService focusTransparency

AccuracyPartnership



Preface

Foreign trade statistics plays an important role in a nation’s economy as it measures values and quantities of goods that, by mov-ing into or out of a country, add or subtract from a nation’s material stock of goods. Foreign trade statistics are essential for the formulation of monetary, fiscal, commercial and regional integration policies. Moreover, in the Southern African Customs Union

(SACU), reliable import statistics are crucial when it comes to revenue sharing among member states.

Since Namibia’s independence, government policy has been to develop, promote and diversify the country’s exports; to expand and consolidate market shares of existing markets, penetrate new markets and to reduce the over reliance on imports from one or two main trading partners. Prior to independence, trade flow between Namibia and the rest of the world was not independently recorded. Since 1990, positive developments have taken place, both in the particulars recorded and the methods of recording. Computerization of procedures at the Directorate of Customs and Excise in the Ministry of Finance has continued to enhance the timely dissemination and analysis of trade statistics through prompt transfer of captured trade data at Customs to the Namibia Statistics Agency.

This bulletin presents the monthly trade data for August 2013.

John SteytlerStatistician-General



Table of Contents

1. INTRODUCTION 6

2. KEY DEVELOPMENTS 6

2.1 TRADE BALANCE 6

2.2 EXPORTS TO KEY MARKETS 7

2.3 IMPORTS FROM KEY MARKETS 7

2.4 TOP EXPORTS 7

2.5 TOP IMPORTS 8

3. TRADE BY MODE OF TRANSPORT 9

3.1 EXPORTS BY MODE OF TRANSPORT 9

3.2 IMPORTS BY MODE OF TRANSPORT 9

4. TRADE BY ECONOMIC BLOCS 10 - 11

5. CONCLUSION 12

6. LIST OF TERMS AND DEFINITIONS 13

7. APPENDIX 14



1. IntroductionThe mandate of the Namibia Statistics Agency is to produce and disseminate relevant, quality and timely statistics, this include statistics relating to imports and exports. This report presents a summary of trade statistics in terms of imports and exports of merchandise goods for the month August 2013.

Foreign trade statistics derived from records of trade flows across international borders are invaluable for the formu-lation of commercial, fiscal and monetary policies of any country. The basic information for the compilation of trade statistics is collected and /or captured based on import/export declarations made by traders.

2. Key Developments

2.1 Trade BalanceNamibia’s total exports amounted to N$2.9 billion, while N$5.4 billion worth of imports was recorded in August 2013, resulting into a trade deficit of N$2.5 billion.

Compared to the previous month when the deficit was N$1.8 billion, the trade deficit escalated by 40.1 percent. When compared to the same month of the preceding year, the decline in the deficit was pronounced at 18.7 percent when the deficit was N$2.8 billion.

Expenditure on imports declined by 18.2 percent compared to the previous month. When compared to the same month of the preceding year imports declined by 10.0 percent. Export earnings on the other hand, recorded a decline of 39.6 percent in August 2013 compared to the previous month, and by 1.0 percent when compared to the corre-sponding month of the preceding year. The export earnings declined at a much faster pace compared to the decline in import expenditure; hence the widening in the the trade gap in August 2013.

Chart 1 Trade Balance


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Aug-‐12 Sep-‐12 Oct-‐12 Nov-‐12 Dec-‐12 Jan-‐13 Feb-‐13 Mar-‐13 Apr-‐13 May-‐13 Jun-‐13 Jul-‐13 Aug-‐13


Table 1: Main export destination

Table 2: Main source of imports

Table 3 Top five exports

2.2 Exports to Key marketsNamibia’s major export destinations during the month of August 2013 in order of values were South Africa, Switzer-land, Angola, Canada and Spain. These five destinations accounted for 60.5 percent of Namibia’s exports during the month under review. There was no exports of diamonds to Botswana, thus the reason it did not appear on the top five export destinations as in the previous months. Export values and shares to each of these markets are listed in table 1.

2.3 Imports from Key marketsThe main countries from which Namibia imported goods from during the month of July 2013 were South Africa, Italy, USA, China and Botswana. These five countries accounted for 87.7 percent of Namibia’s imports during the month under review. Import values and shares from each of these markets are listed in table 2.

2.4 Top exportsNamibia’s five main exports commodities during the month of August 2013 were ores, fish, diamonds, zinc and ve-hicles. These five products accounted for 58.1 percent of total earning during the month under review down from 76.0 percent in the previous month and up from 52.3 percent in the same month of the preceding year as indicated by table 3.


12-‐Aug 13-‐Jul 13-‐Aug Monthly AnnualSouth Africa 665 693 641 21.9 -‐7.5 -‐3.5Switzerland 155 354 378 13.0 7.0 144.6Angola 362 377 332 11.4 -‐12.0 -‐8.2Canada 231 144 260 8.9 80.7 12.9Spain 118 207 157 5.4 -‐24.3 32.7Other countries 1,421 3,062 1,153 39.5 -‐62.3 -‐18.8Total 2,951 4,837 2,922 100.0 -‐39.6 -‐1.0

Percentage changeExport Value (N$ m) SharePartner

12-‐Aug 13-‐Jul 13-‐Aug Monthly AnnualSouth Africa 3,594 3,980 3,663 67.8 -‐8.0 1.9 Italy 117 223 348 6.4 56.0 197.7 USA 34 148 291 5.4 96.8 766.3 China 864 253 230 4.3 -‐9.3 (73.4) Botswana 158 154 206 3.8 33.9 31.0 Other countries 1,238 1,851 667 12.3 -‐64.0 (46.1) Total 6,003 6,609 5,405 100.0 -‐18.2 (10.0)

Import Value (N$ m)Partner Share Percentage change

Aug-‐12 Share Jul-‐13 Share Aug-‐13 Share26:Ores 571 19.4 492 10.2 520 17.7 -‐9.003:Fish 411 13.9 590 12.2 475 16.2 15.671:Precious stones (diamonds etc) 254 8.6 1,988 41.0 284 9.7 11.879:Zinc and articles thereof 100 3.4 400 8.2 226 7.7 125.387:Vehicles 207 7.0 217 4.5 199 6.8 -‐3.5Other commodities 1,408 47.7 1,162 24.0 1,229 41.9 -‐12.7Total 2,951 100.0 4,848 100.0 2,933 100.0 -‐0.6

Annual % changeExport Value (N$ m)HS AND COMMODITY DESCRIPTIONS


2.5 Top ImportsNamibia’s top five import commodities during the month of August 2013 were minerals fuels and oils; vehicles; boilers, electrical machinery and diamonds. These five products accounted for 52.3 percent of total expenditure during the month under review up from 51.2 percent in the previous month and down from 47.4 percent in the same month of the preceding year. Table 4 Top five imports


Aug-‐12 Share Jul-‐13 Share Aug-‐13 Share27:Mineral fuels and oils 1,142 19.0 1,215 18.4 932 17.2 -‐18.487:Vehicles 726 12.1 798 12.1 714 13.2 -‐1.684:Boilers and machinery 533 8.9 506 7.7 636 11.8 19.385:Electrical machinery and equipment 254 4.2 478 7.2 327 6.1 29.071:Precious stones (diamonds etc) 189 3.2 385 5.8 216 4.0 14.0Other commodities 3,159 52.6 3,226 48.8 2,580 47.7 -‐18.3Total 6,003 100.0 6,609 100.0 5,405 100.0 -‐10.0

Annual % changeImport Value (N$ m)HS AND COMMODITY DESCRIPTIONS


3. Trade By Mode Of Transport3.1 Exports by mode of transport

Sea transport accounted for 46.0 percent of total exports conveyed, up from 31.5 percent in the previous month, but down from 50.1 in the same month in 2012.

Road transport accounted for 41.4 percent of total exports transported in the period under review up from 31.5 per-cent in the previous month and 40.4 percent when compared with the same month in 2012.

Air transport accounted for 12.6 percent of total exports transported in August 2013 down from 36.9 percent one month earlier and 29.8 percent recorded in the same month of the preceding year.

3.2 Imports by mode of transportRoad transport accounted for 65.2 percent of total imports transported in August 2013 up from 54.1 percent one month earlier and 54.76 percent recorded in the corresponding month of the preceding year.

Sea transport accounted for 26.5 percent of total imports transported in the period under review down from 38.7 per-cent in the previous month and 39.3 in the same month of the preceding year.

Air transport accounted for 7.4 percent of total imports transported, up from 6.3 percent in the previous month and 5.1 percent in the corresponding period of 2012.

Rail transport accounted for 0.6 percent of total imports transported, down from 0.7 percent in the previous month.

Table 6 Imports by mode of transports

Table 5 Exports by mode of transports


12-‐Aug Share 13-‐Jul Share 13-‐Aug ShareSea 1,496 50.7 1,525 31.5 1,344 46.0 -‐10.2Road 1,193 40.4 1,522 31.5 1,210 41.4 1.4Air 261 8.8 1,785 36.9 367 12.6 40.7Other mode 1 0.0 5 0.1 2 0.1 71.8Total 2,951 100.0 4,837 100.0 2,922 100.0 -‐1.0

Export value (N$ m) and share Annual % changeMode of transport

12-‐Aug Share 13-‐Jul Share 13-‐Aug ShareRoad 3,284 54.7 3,576 54.1 3,521 65.2 7.2Sea 2,362 39.3 2,555 38.7 1,431 26.5 -‐39.4Air 308 5.1 417 6.3 400 7.4 30.0Rail 48 0.8 43 0.7 34 0.6 -‐28.9Other mode 2 0.0 17 0.3 18 0.3 1089.5Total 6,003 100.0 6,609 100.0 5,405 100.0 -‐10.0

Export value (N$ m) and share Annual % changeMode of transport


4. Trade By Economic Blocs4.1 Export By economic BlocsThe Southern Africa Customs Union (SACU) remained the largest market for Namibia’s exports in August 2013, ac-counting for 36.4 percent of total exports, down from 59.7 percent a month ago, but up from 33.0 percent in the same month in 2012. Overall, exports to SACU member states declined by 66.1 percent month-on-month and 4.6 percent year-on-year.

SADC excluding SACU was the second largest market for Namibia’s exports, accounting for a share of 33.6 percent of total exports, up from 18.9 percent a month ago and 26.1 percent in the same month of the preceding year. Exports to non-SACU SADC countries declined by 1.1 percent on a monthly basis, but increased by 11.4 percent year-on-year.

Exports to the EU, which took the third position, accounted for 29.7 percent of total exports, a decrease of 22.4 per-cent when compared to the previous month and 37.2 percent when compared to the same month a year ago. This is illustrated by table 7 which shows a comparison of Namibia’s export to selected economic blocs.

Chart 2 Export by economic blocs


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MONTHLY TRADE STATISTICS BULLETIN JUNE 2013 11MONTHLY TRADE STATISTICS BULLETIN AUGUST 2013

4.2 Import By economic BlocsDuring the month under review, Namibia mostly imported from SACU compared to other economic blocs. Import expenditure from SACU amounted to N$3.9 billion representing 83.7 percent of total imports. Imports from SACU de-clined by 6.6 percent month-on-month, but increased by 3.3 percent year-on-year.

The EU followed with a share of 12.3 percent of total imports, down from 17.8 percent in the previous month and 11.2 percent in the same month of the preceding year. A decline in imports from the EU by 47.3 percent was recorded on a month-on-month basis and 2.9 percent year-on-year.

Import from the SADC-Non-SACU occupied the third place with a share of 3.9 percent, down from 7.8 percent when compared to the previous month and 11.0 percent in the same month in 2012. A decline in imports from this bloc by 61.6 percent and 68.2 percent was recorded on a month-on-month basis and year-on-year, respectively. Table 8 shows a comparison of Namibia’s imports from selected economic blocs.

Chart 3 Import by economic blocs

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5. ConclusionDuring the month of August 2013, Namibia’s total exports amounted to N$2.9 billion, while imports amounted to N$5.4 billion compared to N$3.0 billion of total exports and N$5.7 billion of total imports in August 2012.

Major exported commodities were: Ores; fish; precious stone (diamonds etc); zinc and vehicles. Major imports were: Minerals fuels and Mineral oils; vehicles; boilers, machinery and mechanical appliances; electrical machinery and equipments and precious stones (diamond etc).

A trade deficit of NAD 2.5 billion was recorded in August 2013; an increase of 40.1 percent compared to the previous month and a slight decline of 10.2 percent compared to the same month in 2012. During the period under review, Na-mibia’s key export markets were South Africa, Switzerland, Angola, Canada and United Spain.

Namibia’s imports were mainly sourced from South Africa, Italy, United States of America, China and Botswana.

Namibia relies heavily on road, sea and air as major modes of transport for imports and exports.

In terms of economic blocs, Namibia’s export destinations in August 2013 were SACU, SADC-Non-SACU and the EU respectively. Imports were also sourced from the same economic blocs with SACU dominating followed by EU in terms of importance.



6. List of Terms and DefinitionsExport Processing Zone (EPZ): An Export Processing Zone (EPZ) is a Customs area where one is allowed to import ma-chinery, equipment and material for the manufacture of export goods under security, without payment of duty. The imported goods are subject to customs control at importation, through the manufacturing process, to the time of sale/export, or duty payment for home consumption.

Trade Balance: The commercial balance or net exports (sometimes symbolized as NX), is the difference between the monetary value of exports and imports of output in an economy over a certain period.

Trade Deficit: Is an economic measure of a negative trade balance in which a country’s imports exceeds its exports.

Trade Surplus: Is an economic measure of a positive trade balance in which a country’s exports exceeds its imports.


7. Appendix7.1 Export products to key markets


Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share01:Live animals. 71 10.7 106 15.3 109 17.0 71: Precious stones (Diamonds etc.) 94 14.1 83 11.9 101 15.7 22:Beverages, spirits and vinegar 100 15.0 62 9.0 82 12.8 02:Meat and edible meat offals 92 13.9 70 10.0 66 10.2 03:Fish 92 13.8 72 10.4 58 9.1 Other commodities 216 32.5 300 43.3 225 35.1 Total 665 100.0 693 100.0 641 100.0

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share26:Ores 138 89.0 91 25.7 254 67.2 74:Copper and articles thereof 16 10.3 8 2.2 81 21.3 71:Precious stones (diamonds etc.) -‐ -‐ 84 23.8 31 8.2 79:Zinc and articles thereof -‐ -‐ 170 47.9 11 3.0 28:Organic and inorganic chemicals or compounds -‐ -‐ 1 0.3 1 0.3 Other commodities 1 0.7 0 0.1 0 0.0 Total 155 100.0 354 100.0 378 100.0

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share87:Vehicles 83 22.8 120 31.0 111 32.5 94:Furniture; bedding and mattresses 28 7.7 36 9.3 29 8.4 85:Electrical machinery 29 7.9 29 7.6 24 7.1 84:Boilers, machinery and mechanical appliances 26 7.1 31 7.9 21 6.2 03:Fish 27 7.5 19 4.9 18 5.1 Othercommodities 170 47.0 153 39.3 139 40.7 Total 362 100.0 388 100.0 343 100.0

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share26:Ores 228 98.8 144 99.7 260 99.7 Other commodities 0 0.0 0 0.0 0 0.1 Total 231 100.0 144 100.0 260 100.0

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share03:Fish 117 99.2 202 97.6 156 99.5 27:Mineral fuels and oils 0 0.1 5 2.3 1 0.3 Other commodities 1 0.7 0 0.1 0 0.1 Total 118 100.0 207 100.0 157 100.0

Aug-‐12 Jul-‐13 Aug-‐13South Africa

Aug-‐12 Jul-‐13 Aug-‐13

Aug-‐12 Jul-‐13 Aug-‐13

SWITZERLAND

ANGOLA

CANADA

SPAIN

Aug-‐12 Jul-‐13 Aug-‐13

Aug-‐12 Jul-‐13 Aug-‐13

HS and commodity descriptions






7.2 Import products from key markets

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share87:Vehicles 617 17.2 699 17.6 649 17.7 84:Boilers, machinery and mechanical appliances 343 9.5 333 8.4 362 9.9 27:Mineral fuels and oils 515 14.3 581 14.6 288 7.9 85:Electrical machinery 209 5.8 239 6.0 222 6.1 73:Articles of iron or steel 159 4.4 198 5.0 198 5.4 Other commodities 1,750 48.7 1,930 48.5 1,944 53.1 Total 3,594 100.0 3,980 100.0 3,663 100.0

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share27:Mineral fuels and oils 107 91.7 216 96.9 343 98.5 84:Boilers, machinery and mechanical appliances 2 1.7 3 1.2 3 0.7 30:Phamaceutical products 0 0.1 -‐ -‐ 2 0.6 90:Optical, photographic, and medical or surgical instruments 5 4.4 1 0.3 0 0.0 Other commodities 2 2.1 4 1.6 1 0.2 Total 117 100.0 223 100.0 348 100.0

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share27:Mineral fuels and oils 0 0.0 0 0.0 241 82.8 84:Boilers, machinery and mechanical appliances 22 64.8 43 29.3 28 9.5 87:Vehicles 0 0.7 49 33.4 6 2.0 90:Optical, photographic, and medical or surgical instruments 1 3.9 2 1.3 4 1.3 85:Electrical machinery 1 2.2 9 6.2 4 1.2 Other commodities 10 28.3 44 29.8 9 3.1 Total 34 100.0 148 100.0 291 100.0

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share84:Boilers, machinery and mechanical appliances 27 3.1 15 5.8 67 29.0 87:Vehicles 39 4.5 3 1.0 39 17.1 72:Iron and steel 3 0.4 16 6.3 31 13.5 28:Organic and inorganic chemicals or compounds 18 2.1 46 18.1 24 10.5 85:Electrical machinery 7 0.8 135 53.2 18 8.0 Other commodities 769 89.1 39 15.5 50 21.9 Total 864 100.0 253 100.0 230 100.0

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share71:Precious stones (Diamonds etc.) 120 76.1 137 88.7 188 91.1 87:Vehicles 15 9.8 6 3.9 8 3.9 85:Electrical machinery 2 1.5 4 2.7 4 2.0 84:Boilers, machinery and mechanical appliances 2 1.1 2 1.5 2 1.2 48:Paper or paperboard; articles of paper pulp 0 0.2 1 0.8 1 0.4 Other commodities 18 11.3 4 2.4 3 1.4 Total 158 100.0 154 100.0 206 100.0

South AfricaAug-‐12 Jul-‐13 Aug-‐13

Aug-‐12 Jul-‐13 Aug-‐13

Aug-‐12 Jul-‐13 Aug-‐13

Italy

United States of America

CHINA

BOTSWANA

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Aug-‐12 Jul-‐13 Aug-‐13







7.3 Trade by office

6.4 Trade by F.O.B Value


Exports Share Imports Share Exports Share Imports ShareJuly 3,956 60.7 4,524 44.4 4,729 63.7 6,108 54.9 August 2,565 39.3 5,659 55.6 2,700 36.3 5,017 45.1 Total 6,521 100.0 10,182 100.0 7,429 100.0 11,124 100.0

2012 2013Month

Exports Share Imports Share Exports Share Imports Share Exports Share Imports ShareAriamvlei 202 6.9 1,109 18.5 256 5.3 1,245 18.9 271 9.3 1,266 23.5 Eros Airport 3 0.1 151 2.5 1,373 28.4 174 2.6 10 0.3 231 4.3 F. P. du Toit 0 0.0 192 3.2 -‐ -‐ 190 2.9 -‐ -‐ 193 3.6 Gobabis -‐ -‐ 0 0.0 -‐ -‐ 0 0.0 -‐ -‐ 0 0.0 Grootfontein -‐ -‐ 1 0.0 -‐ -‐ 0 0.0 -‐ -‐ -‐ -‐ Chief Hosea Kutako Intl Airport 257 8.7 135 2.3 131 2.7 221 3.4 206 7.0 163 3.0 Impalila Island -‐ -‐ 1 0.0 -‐ -‐ 2 0.0 -‐ -‐ 1 0.0 Katima Mulilo 12 0.4 0 0.0 17 0.3 0 0.0 15 0.5 0 0.0 Katwitwi 12 0.4 0 0.0 13 0.3 0 0.0 14 0.5 0 0.0 Keetmanshoop -‐ -‐ 4 0.1 -‐ -‐ 4 0.1 -‐ -‐ 3 0.0 Lüderitz 115 3.9 262 4.4 396 8.2 647 9.8 178 6.1 88 1.6 Klein Manase -‐ -‐ 0 0.0 -‐ -‐ 1 0.0 -‐ -‐ 0 0.0 Mohembo 5 0.2 7 0.1 1 0.0 12 0.2 1 0.0 14 0.3 Ngoma 10 0.3 14 0.2 56 1.2 23 0.3 8 0.3 29 0.5 Noordoewer 145 4.9 529 8.9 181 3.7 583 8.9 146 5.0 557 10.3 Omahenene 6 0.2 0 0.0 4 0.1 0 0.0 4 0.1 0 0.0 Ondangwa 0 0.0 6 0.1 -‐ -‐ 1 0.0 -‐ -‐ -‐ -‐ Orangemund 4 0.1 77 1.3 3 0.1 65 1.0 4 0.1 60 1.1 Oshakati -‐ -‐ 10 0.2 -‐ -‐ 14 0.2 0 0.0 22 0.4 Oshikango 328 11.1 14 0.2 352 7.3 10 0.1 306 10.5 14 0.3 Otjiwarongo -‐ -‐ 2 0.0 -‐ -‐ 2 0.0 0 0.0 1 0.0 Ruacana 10 0.3 -‐ -‐ 0 0.0 -‐ -‐ 0 0.0 -‐ -‐ Rundu 3 0.1 0 0.0 3 0.1 0 0.0 1 0.0 0 0.0 Swakopmund 0 0.0 5 0.1 0 0.0 1 0.0 -‐ -‐ 0 0.0 Trans Kalahari 282 9.6 1,098 18.4 273 5.6 1,141 17.3 286 9.8 1,177 21.9 Tsumeb 0 0.0 1 0.0 0 0.0 8 0.1 0 0.0 0 0.0 Walvis Bay 1,396 47.3 2,260 37.8 1,143 23.6 1,952 29.7 1,177 40.3 1,441 26.8 Wenela 109 3.7 9 0.1 110 2.3 6 0.1 145 5.0 63 1.2 Windhoek Regional Warehouse Office 51 1.7 46 0.8 525 10.9 239 3.6 152 5.2 26 0.5 Windhoek Regional Office 0 0.0 45 0.8 0 0.0 42 0.6 0 0.0 33 0.6 Total 2,951 100.0 5,978 100.0 4,837 100.0 6,583 100.0 2,922 100.0 5,380 100.0

Aug-‐12 Jul-‐13 Aug-‐13Value (N$ m)

Office


NOTES


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