quarterly trade statistics bulletin first ......billion compared to n$47.459 billion and n$52.507...

QUARTERLY TRADE STATISTICS BULLETIN FIRST QUARTER OF 2019

i

Mission Statement

“Leveraging on partnerships and innovative technologies, to produce and disseminate relevant, quality, timely statistics and spatial data that are fit-for-purpose in accordance with international standards and

best practice”

Vision Statement

“Be a high performance institution in quality statistics delivery”

Core Values

Integrity

Excellent Performance

Accuracy

Team Work

Accountability

Transparency

ii

Preface Foreign trade statistics plays an important role in many economies and Namibia is no

exception. It is an account of all transactions of merchandise between domestic residents and

the rest of the world. The account measures the value and quantity of goods which add or

subtract from the stock of material resources of a country by entering (imports) or leaving

(exports) its economic territory. Therefore, trade statistics remains one of the major

contributing indicators of the performance of Namibia’s economy and its competitiveness on

the world market.

Quarter-on-quarter (Q-on-q) merchandise trade statistics are used extensively in the

compilation of the country’s national accounts and the balance of payments. Furthermore,

these statistics are also used by various government institutions in preparation of trade

negotiations in: a) defining and implementing anti-dumping policies b) macroeconomic and

monetary policies and c) establishing new markets and evaluating the progress of existing

markets. Statistics on international trade of merchandise are used comprehensively by

decision makers at national, regional and international level, while investors use this

information in market research and to define their commercial strategy.

In the context of Namibia, the government’s trade policy is aimed at developing, promoting

and diversifying the country’s exports as well as reducing its reliance on foreign goods.

The Directorate of Customs and Excise in the Ministry of Finance is responsible for the

collection of revenues. Computerization of procedures at Customs and Excise continues to

enhance the timely dissemination and analysis of trade statistics through prompt transfer of

captured trade data at points of entries nationwide to the Namibia Statistics Agency (NSA).

Therefore, this report outlines the q-on-q developments of Namibia’s trade in merchandise

with the rest of the world during the first quarter of 2019 compared to the same quarter of

2018.

Alex Shimuafeni

Statistician-General & CEO

iii

Table of Contents PREFACE ................................................................................................................................................................... II

LIST OF CHARTS ......................................................................................................................................................... IV

INTRODUCTION ........................................................................................................................................................... 1

KEY DEVELOPMENTS..................................................................................................................................................... 2

REVISIONS ................................................................................................................................................................. 2

TRADE BALANCE .......................................................................................................................................................... 3

EXPORTS TO KEY MARKETS ............................................................................................................................................. 4

IMPORTS FROM KEY MARKETS ......................................................................................................................................... 6

TRADE WITH EXPORT PROCESSING ZONE (EPZ) .................................................................................................................. 9

TOP EXPORT PRODUCTS .............................................................................................................................................. 10

FISH EXPORTS ........................................................................................................................................................... 12

TOP RE-EXPORT PRODUCTS .......................................................................................................................................... 14

TOP IMPORT PRODUCTS .............................................................................................................................................. 16

TRADE BY ECONOMIC REGIONS...................................................................................................................................... 18

EXPORTS ................................................................................................................................................................. 18

IMPORTS ................................................................................................................................................................. 20

TRADE BY MODE OF TRANSPORT .................................................................................................................................... 22

EXPORTS ................................................................................................................................................................. 22

IMPORTS ................................................................................................................................................................. 24

CONCLUSION............................................................................................................................................................ 26

LIST OF TERMS AND DEFINITIONS .................................................................................................................................. 28

ACRONYMS.............................................................................................................................................................. 29

iv

List of Charts CHART 1: TRADE BALANCE; Q2-2014 TO Q1-2019 ........................................................................................................... 3

CHART 2: MAIN EXPORT DESTINATIONS........................................................................................................................... 5

CHART 3: MAIN SOURCE OF IMPORTS ............................................................................................................................. 7

CHART 4: TOP FIVE EXPORT PRODUCTS .......................................................................................................................... 10

CHART 5: FISH EXPORTS ............................................................................................................................................ 12

CHART 6: TOP FIVE RE-EXPORT PRODUCTS ..................................................................................................................... 14

CHART 7: TOP FIVE IMPORT PRODUCTS ......................................................................................................................... 16

CHART 8: EXPORTS BY MODE OF TRANSPORT .................................................................................................................. 22

CHART 9: IMPORT BY MODE OF TRANSPORT ................................................................................................................... 24

List of tables

TABLE 1: REVISIONS ..................................................................................................................................................... 2

TABLE 2: TRADE FLOW WITH THE EPZ .............................................................................................................................. 9

TABLE 3: TRADE BY F.O.B. AND C.I.F............................................................................................................................... 30

TABLE 4: MAIN EXPORT DESTINATIONS ........................................................................................................................... 30

TABLE 5: TOP TEN RE-EXPORT DESTINATIONS ................................................................................................................... 30

TABLE 6: MAIN SOURCE OF IMPORTS ............................................................................................................................. 31

TABLE 7: TOP TWENTY EXPORT PRODUCTS ....................................................................................................................... 31

TABLE 8: TOP TWENTY RE-EXPORT PRODUCTS................................................................................................................... 32

TABLE 9: TOP TWENTY IMPORT PRODUCTS....................................................................................................................... 32

TABLE 10: FISH EXPORTS AND IMPORTS .......................................................................................................................... 33

TABLE 11: EXPORT PRODUCTS TO KEY MARKETS ................................................................................................................ 34

TABLE 12: IMPORT PRODUCTS FROM KEY MARKETS ............................................................................................................ 35

TABLE 13: KEY EXPORTS BY PARTNER ............................................................................................................................. 36

TABLE 14: KEY RE-EXPORTS BY PARTNER ......................................................................................................................... 37

TABLE 15: KEY IMPORTS BY PARTNER ............................................................................................................................. 39

TABLE 16: EXPORTS BY ECONOMIC REGION ...................................................................................................................... 41

TABLE 17: IMPORTS BY ECONOMIC REGION ...................................................................................................................... 41

TABLE 18: EXPORT BY MODE OF TRANSPORT .................................................................................................................... 41

TABLE 19: IMPORT BY MODE OF TRANSPORT .................................................................................................................... 41

TABLE 20: TRADE BY OFFICE ........................................................................................................................................ 42

1

Introduction The mandate of the Namibia Statistics Agency (NSA) is to produce and disseminate relevant,

quality and timely statistics including statistics relating to imports and exports of merchandise.

This report presents a summary of the trade statistics in terms of imports and exports of

merchandise during the first quarter of 2019.

Foreign trade statistics derived from records of trade flows across international borders are

invaluable for the formulation of trade, commercial, fiscal and monetary policies of any

country. The basic information for the compilation of trade statistics is collected and captured

based on import and export declarations made by traders to Customs at various Customs

offices across the country.

2

Key developments

RevisionsRevised trade statistics is due to availability of new information from data sources. Revisions

on trade data are made every month when new monthly data files are uploaded onto the

database with additional information of previous months. In some instances, revisions are

negligible while in others they are significant.

Table 1: Revisions

Table 1 shows revisions made to export and import values of q1-2018. The value of both

exports and imports were revised upwards with exports rising from N$18.829 billion to

N$19.083 billion and Imports increasing from N$27.177 billion to N$28.376 billion.

The upward revision on exports was largely driven by precious stones and metals; fish and

ores while imports were mostly led by copper and oils and mineral fuels. Overall, the revisions

led to the widening of the deficit from N$8.288billion to N$9.293 billion (Table 1).

Revised q1-2018 As reported in q1-2018 DifferenceTotal Export 19,083 18,829 254Total Import 28,376 27,177 1,199Trade Balance -9,293 -8,348 -945

Value (N$ m)Flow

3

TradebalanceThe overall export and import values for q1-2019 were estimated at N$21.440 billion and

N$24.390 billion respectively. The total trade (export plus imports) amounts to N$45.830

billion compared to N$47.459 billion and N$52.507 billion recorded in q1-2018 and q4-2018

respectively.

The trade balance (exports minus imports) for q1-2019 amounted to a deficit of N$2.950

billion compared to deficits of N$9.293 billion and N$2.589 billion registered in q1-2018 and

q4-2018 respectively, (Chart 1). Y-on-Y, merchandize trade balance showed a remarkable

improvement of 68 percent. The improvement was mainly driven by exports which rose by 12

percent over the course of the year as opposed to imports whose growth fell by 14 percent.

Similarly, q-on-q the gap between exports and imports improved, contracting by 14 percent,

this time the improved deficit was attributed to the decline in the value of both exports (14%)

and imports (11%).

CHART 1: Trade balance; q2-2014 to q1-2019

Chart 1 shows Namibia persistent trade deficit over a period of twenty quarters, from q2-2014

to q1-2018 with an average deficit of N$6.869 billion. The highest deficits of N$12.106 billion

▼ 6%▼ 23%

▲53%

▼ 20%

▲84%

▼ 7%▼ 1%

▼ 91%

▲774%

▼ 7%

▲47%

▼ 60%

▲32%▲29%

▼ 33%

▲67%

▼ 88%

▲311%

▼ 45%

▲14%

▼ 200%

▼ 100%

▲0%

▲100%

▲200%

▲300%

▲400%

▲500%

▲600%

▲700%

▲800%

▲900%

-14,000

-12,000

-10,000

-8,000

-6,000

-4,000

-2,000

0

q2 q3 q4 q1 q2 q3 q4 q1 q2 q3 q4 q1 q2 q3 q4 q1 q2 q3 q4 q1

2014 2015 2016 2017 2018 2019

Perc

enta

ge

Valu

e (N

$ m)

Trade balance % Change

4

and N$12.038 billion were observed in q2-2015 and q4-2016 respectively, whereas the lowest

deficits valued at N$1.001 billion and N$1.139 billion were witnessed in q1-2016 and q2-2018

respectively. Furthermore, Chart 1 reveals an unsteady trend in the deficit, with the most

significant growth of 774 percent recorded in q2-2016. The average growth of the deficit over

a period of twenty quarters stood at 52 percent. The persistent deficits are mostly driven by

Namibia’s high demand for high-valued manufactured commodities and industrial machinery

from the rest of the world as opposed to exporting mainly low value primary commodities

such as raw minerals.

ExportstokeymarketsIn q1-2019, Namibia mostly exported to five countries namely; China, South Africa, Botswana,

Belgium and Spain (Chart 2). Together, these countries made up the largest share of the value

of all goods exported to the rest of the world, with 67 percent of the value of all goods

exported destined to these markets. Overall exports to the aforementioned markets grew by

19 percent to register N$14.337 billion after recording N$12.058 billion in the corresponding

quarter a year ago. Subsequently, overall export to the rest of the world rose by 12 percent to

register N$21.440 billion compared to N$19.083 billion recorded in q1-2018.

China lodged on top of the list as the largest export destination, accounting for 25 percent of

all goods exported. South Africa ranked second with 17 percent, followed by Botswana in third

position with 11 percent while Belgium and Spain absorbed 9 percent and 4 percent

respectively of Namibia total exports.

Chart 2 shows that the largest growth in export was recorded with China which grew by 57

percent (N$1.982 billion) to N$5.437 billion up from N$3.455 billion witnessed in the

corresponding quarter of 2018. Botswana followed with 25 percent growth, up from N$1.926

billion recorded in q1-2018 to N$2.405 billion in q1-2019. While South Africa and Spain each

recorded a 7 percent growth. On the contrary, exports to Belgium declined, falling by 21

percent to register N$1.936 billion compared to N$2.442 billion witnessed in the

corresponding quarter a year ago.

5

CHART 2: Main export destinations

The growth in exports to China was mainly attributed to minerals (copper, ores and zinc) while

to Botswana, motor vehicles and parts; oils and mineral fuels and; beverages lead the growth.

The growth to South Africa was reflected in the value of precious stones and metals whereas

the growth in exports to Spain was led by ores. On the other hand, the decline experienced in

exports to Belgium was witnessed in the value of copper which fell by N$0.522 billion to

register N$1.1445 billion compared to N$1.966 billion recorded in the corresponding period of

the preceding year.

Similarly, when compared to the previous quarter, exports to the aforesaid markets rose,

registering N$14.337 billion compared to N$13.466 billion recorded in the previous quarter

translating to a 6 percent growth. The quarterly growth was mainly supported by China (29%),

Botswana (14%) and Spain (12%) while South Africa and Belgium’s support of domestic

exports weakened, falling by 3 percent and 24 percent respectively.

-

1,000

2,000

3,000

4,000

5,000

6,000

China South Africa Botswana Belgium Spain

▲ 57% ▲ 7% ▲ 25% ▼ 21% ▲ 7%

Valu

e (N

$ M)

q1-2019 q4-2018 q1-2018

6

ImportsfromkeymarketsDuring the period under review, Namibia’s dependency on foreign goods was mostly

supported by South Africa, Zambia, Bulgaria, Botswana and China which provided the most

needed import requirements for the domestic economy (Chart 3). The abovementioned

countries accounted for the largest share of Namibia’s total imports, with 74 percent of the

value of all imports of goods into Namibia coming from these countries. However, overall

imports from these markets weakened, falling by 6 percent to register N$18.158 billion

compared to N$19.361 billion observed in the corresponding quarter a year earlier.

Subsequently, overall imports declined by N$3.986 billion (14%) from N$28.376 billion

witnessed in q1-2018 to the current N$24.390 billion. Similarly, a downward trend was also

observed when compared to the previous quarter in which imports stood at N$20.225 billion

translating to a 10 percent decline.

South Africa accounted for 42 percent of the value of all imports into Namibia during the

period of review resulting in it being the largest import market for the domestic economy in

q1-2019 followed by Zambia which contributed 17 percent of total imports from the rest of

the world. Bulgaria’s contribution stood at 7 percent of Namibia’s total imports and hence

ranked third largest source of imports for the domestic economy with Botswana and China

accounting for a share of 4 percent each.

Namibia recorded the largest decline of imports from China which fell by N$0.942 billion to

N$0.859 billion (52%), down from N$1.801 billion recorded in the same quarter a year ago.

Another significant decline was recorded with Botswana were domestic imports from that

country tumbled by N$0.321 billion (25%) to N$0.960 billion down from N$1.281 billion

registered in the first quarter of 2018. Imports from South Africa stood at N$10.342 billion

down from N$11.248 billion recorded in the same period of last year, representing a decline of

8 percent.

7

CHART 3: Main source of imports

The falling demand on Chinese imports was mainly attributed to industrial machinery,

electrical machinery and articles of iron or steel which declined by 76 percent, 54 percent and

27 percent respectively. Whereas, the decline in imports from Botswana was mainly

pronounced in the value of precious stones and metals which fell by 30 percent. Finally, oils

and mineral fuels (45%); motor vehicles and parts (20%) and industrial machinery (9%) were

responsible for the decline in domestic imports from South Africa.

Imports from some countries within the top five import markets rose, with the most

significant increase experienced with Bulgaria whose imports to Namibia rose by 28 percent to

register N$1.779 billion compared to N$1.386 billion witnessed in the corresponding quarter

of 2018. The increase follows high domestic demand of ores from Bulgaria which rose by 29

percent year-on-year and by 548 percent when compared to the previous quarter. Another

notable improvement in imports was also recorded with Zambia whose imports to Namibia

rose by 16 percent to register N$4.218 billion compared to N$3.645 billion witnessed in the

same quarter a year ago. The rise in imports from Zambia was attributed to high domestic

demand of animal feed and copper which rose by 30 percent and 16 percent respectively.

Similarly, importation of these commodities rose by 50 percent and 15 percent respectively

when compared to the previous quarter.

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

South Africa Zambia Bulgaria Botswana China

▼ 8% ▲ 16% ▲ 28% ▼ 25% ▼ 52%

Valu

e (N

$ m)

q1-2019 q4-2018 q1-2018

9

TradewithExportProcessingZone(EPZ)Trade flow between Namibia and the Export Processing Zone (EPZ) was mostly dominated by

exports, accounting for 97 percent of total trade with EPZ. Total Exports to the EPZ stood at

N$1.059 billion, declining from N$1.239 billion in q1-2018; translating into a 15 percent

decrease. In comparison with the previous quarter, exports decreased from N$1.406 billion,

indicating a 14 percent decline. The category of precious stones and metals accounted for

more than 99 percent of total exports to EPZ (Table 2).

Table 2: Trade flow with the EPZ

Imports from the EPZ, on the other hand, amounted to a mere N$0.29 billion in q1-2019,

which is 3 percent of the total trade with the EPZ. Imports from the EPZ dropped by 70

percent after recording N$0.96 billion in q1-2018 (Table 2). The decline experienced y-on-y

was largely attributed to the significant fall in imports of inorganic chemicals from EPZ.

Similarly, q-on-q imports dropped by 73 percent after recording N$0.104 billion in the

previous quarter.

Value (N$ m) % share Value (N$ m) % share Value (N$ m)% sharePrecious stones & metals 1,058 100 1,303 93 1,031 83 ▲ 3 ▼ 19Other 1 0 103 7 208 17 ▼ 100 ▼ 99Total 1,059 100 1,406 100 1,239 100 ▼ 15 ▼ 25

Value (N$ m) % share Value (N$ m) % share Value (N$ m)% shareInorganic chemicals 28 97 101 97 88 93 ▼ 68 ▼ 72Other 1 3 3 3 7 7 ▼ 90 ▼ 76Total 29 100 104 100 96 100 ▼ 70 ▼ 73

Imports

Commodities q1-2019 q4-2018 q1-2018 %∆y/y %∆q/q

Exports

Commodities q1-2019 q1-2018q4-2018 %∆y/y %∆q/q

10

TopexportproductsCopper (N$5.516 billion), Precious Stones and Metals (N$4.813 billion); ores (N$3.146 billion),

fish (N$2.291 billion) as well as vessels and boats (N$0.897 billion) were the leading

commodities exported by the local economy in q1-2019. Together, these commodities made

up 78 percent of the total exports. Yearly, the combined export value for these commodities

improved, rising by N$2.367 billion (17%) to N$16.663 billion after registering N$14.296 billion

in q1-2018.

CHART 4: Top five export products

The annual increase in Namibia’s exports was largely driven by high foreign demand of four

out of the top five export products, with the most noticeable growth reflected in the value of

vessels and boats followed by ores, precious stones and metals; and lastly copper. On the

contrary, fish the only food item on the list registered a negative growth of 8 percent (Chart

4). The significant increase in the value of vessels and boats1 was attributed to a once off

1 This was a re-export of a support vessel on an oil exploration project.

0

1,000

2,000

3,000

4,000

5,000

6,000

▲ 5% ▲ 12% ▲ 40% ▼ 8% ▲ 77923%

Copper Precious stones & metals Ores Fish Vessels & boats

Valu

e (N

$ m)

q1-2019 q4-2018 q1-2018

11

shipment of a vessel valued at N$0.896 billion to Mauritius. The value of exported ores2 rose

by N$898 billion (40%) from N$2.248 billion in q1-2018. The increase follows high

international demand of this commodity to China, France United States of America, Spain and

Canada (Table 13). The export value of precious stones and metals showed a similar trend,

rising by N$0.532 billion (12%) over the year after recording N$4.282 billion in q1-2018. This

was largely attributed to an increase in exports commodities of this category to United Arab

Emirates, United States of America, Belgium and South Africa. Additionally, exports of copper

grew by N$0.239 billion (5%) over the same period after recording N$5.277 billion in q1-2018.

This growth was mostly due to high foreign demand of copper in particular, by China. Fish

remains a major foreign exchange earner despite the decline of N$0.197 billion (8%)

experienced in the period of review, after registering N$2.488 billion in the corresponding

quarter a year ago. The decline was mainly reflected in the value of fish exports destined to

Spain, Namibia largest fish export market (Table 13).

On a quarterly basis, export figures have shown a decline of 14 percent in the total value of all

goods exported. The decline was mainly reflected in the export value of commodities such as:

precious stones and metals, Ores as well as vessels and boats.

2 The total export value of ores comprised of 85% Uranium, 10% Zinc and other ores contributed a combined share of 5%.

12

FishexportsFish export plays a vital role as a source of revenue for the domestic economy. During the

period under review, fish continued to prove its significance as one of Namibia’s major export

revenue earner, ranking fourth among the top five major commodities exported, and the only

food item amongst minerals and a vessel (Chart 4). Fish accounted for 11 percent of all the

goods exported to the rest of the world.

Despite being one of the largest forex earners, fish exports decreased, falling by 8 percent to

register N$2.291 billion during the reporting period from N$2.488 billion registered a year ago.

This was due to a decline in foreign demand of domestic fish, mostly by Spain, South Africa

and Zambia. Furthermore, fish exports to France and Portugal also declined. Whereas, other

countries such as DRC, Italy, Mozambique, Germany and the Netherlands recorded noticeable

improvement in the absorption of domestic fish.

CHART 5: Fish exports

Over the past twenty quarters, fish exports grew at an average of 4 percent, equivalent to

N$2.104 billion, reaching an all-time high of N$2.622 billion in q3-2018 and a record low of

N$1.304 billion in q4-2014 (Table 10).

0▲ 4

▼ 33

▲ 42

▲ 1▲ 5

▼ 29

57

▲ 17

▼ 11

-22

▲ 40

▼ 10

▲ 1

▼ 11

▲ 24

▲ 4▲ 1

▼ 22

▲ 13

-40

-30

-20

-10

0

10

20

30

40

50

60

70

0

500

1,000

1,500

2,000

2,500

3,000

q2 q3 q4 q1 q2 q3 q4 q1 q2 q3 q4 q1 q2 q3 q4 q1 q2 q3 q4 q1

2014 2015 2016 2017 2018 2019

Perc

enta

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Valu

e (N

$ m)

Exports (N$ m) % Change

13

Q-on-q, the strongest growth in fish exports were recorded in q1-2016 (57%), q1-2015 (42%)

and q1-2017 (40%). On the other hand, some quarters recorded significant declines, with the

most noticeable declines observed in q4-2014 (33%), q4-2015 (29%) and most recently in q4-

2018 (27%).

14

Topre-exportproductsCopper, precious stones and metals; vessels and boats; motor vehicles and parts; as well as

industrial machinery emerged as Namibia’s largest re-exports by value (Chart 6). Overall, re-

export of these commodities rose by N$1.985 billion (30%) to N$8.522 billion compared to

N$6.538 billion registered in the corresponding quarter of last year. On the contrary, q-on-q

re-exports of the same commodities combined declined by N$1.589 billion (16%) from

N$10.112 billion recorded in the previous quarter. The aforesaid commodities combined

contributed 89 percent to Namibia’s total re-export value (N$9.606 billion) compared to 81

percent and 87 percent recorded in q1-2018 and q4-2018 respectively.

CHART 6: Top five re-export products

The yearly increase in the value of commodities re-exported was mainly echoed in all the top

five commodities (Chart 6). Copper rose by N$0.315 billion (6%) to register N$5.209 billion

after recording N$4.895 billion in q1-2018, following high demand of this product category by

China (Table 14). The category of precious stones and metals rose by N$0.276 billion (25%) to

register N$1.361 billion from N$1.085 billion recorded in the corresponding quarter a year

earlier, mainly due to increased demand for this category of commodities by the United States

0

1,000

2,000

3,000

4,000

5,000

6,000

▲ 6% ▲ 25% ▲ 106184% ▲ 130% ▲ 27%

Copper Precious stones & metals Vessels & boats Motor vehicles & parts Industrial machinery

Valu

e (N

$ m)

q1-2019 q4-2018 q1-2018

15

of America, Belgium, United Arab Emirates and Israel. Additionally, a vessel to the tune of

N$0.896 billion was re-exported in a once off transaction to Mauritius which largely

contributed to a significant increase in re-exports of the category of vessels and boats (Table

14). Further to this, re-exports of motor vehicles and parts grew by N$0.439 billion (130%) to

register N$0.777 billion when compared to N$0.338 billion witnessed in q1-2018. The

improvement was primarily driven by an increase in re-exports of vehicles destined to

Botswana. Furthermore, re-export of industrial machinery increased by N$0.59 billion (27%) to

register N$0.279 billion compared to N$0.220 billion recorded in q1-2018. This growth was

mainly led by heightened foreign demand of this commodity category by South Africa, Zambia

and United States of America.

16

TopimportproductsCopper, ores, oils and mineral fuels; Motor vehicles and parts; and industrial machinery

emerged as the leading commodities imported into Namibia (Chart 7). These commodities

accounted for a combined share of 53 percent of all goods imported, up from 44 percent and

41 percent recorded in q1-2018 and q4-2018 respectively. Annually, overall imports of the

aforementioned commodities increased by N$0.305 billion (2%) to register N$12.842 billion

compared to N$12.537 billion recorded in q1-2018. A similar trend was observed when

compared to the previous quarter, where imports of the aforementioned commodities

increased by 12 percent after registering N$11.421 billion in q4-2018.

CHART 7: Top five import products

The recent increase in imports was mainly attributed to high domestic demand for copper,

ores, as well as motor vehicles and parts. Import of copper increased from N$3.607 billion

registered in q1-2018 to the current N$4.166 billion, representing a 16 percent growth, as

domestic demand of copper mainly from Zambia strengthened. The import value of ores

increased by 88 percent to record N$2.617 billion, when compared to N$1.392 billion

recorded in q1-2018. This increase primarily emanated from the rise in the import value of

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

▲ 16% ▲ 88% ▼ 30% ▲ 3% ▼ 25%

Copper Ores Oils & mineral fuels Motor vehicles & parts Industrial machinery

Valu

e (N

$ m)

q1-2019 q4-2018 q1-2018

17

ores originating from Bulgaria, Chile and Peru (Table 15). During the quarter under review,

the import value of motor vehicles and parts also increased from N$1.980 billion recorded in

q1-2018 to N$2.038 billion, translating in a 3 percent growth. The growth was mainly reflected

in the import value of this category of commodities sourced from France3.

Despite the increase observed in three of the top five import products, import of oils and

mineral fuels declined during the first quarter of 2019. Oils and mineral fuels dropped by

N$0.961 billion (30%) to register N$2.279 billion compared to N$3.239 billion recorded in q1-

2018. This follows a weak demand of oils and mineral fuels imported mainly from South Africa

and India coupled with slowing economic activities experienced in the domestic economy as

reflected in the NSA’s National Account report. Similarly, imports of industrial machinery

declined by N$0.577 billion (25%) from N$2.319 billion in q1-2018 to N$1.742 billion. This

downturn was mostly attributed to a fall in import of these items from China and South Africa.

Again, this also further explains the decline in imports of oils and mineral fuels as most

industrial machinery depend on fuel to function.

On a quarterly basis, Namibia recorded a growth in the import value of copper, ores; as well as

vehicles and parts, whereas the import value of oils and mineral fuels along with industrial

machinery declined.

3 These are military vehicles imported into Namibia and re-exported to Botswana. Note: this is not a transit.

18

Trade by economic regions

ExportsThe Southern African Customs Union (SACU) dominated Namibia’s export market compared to

other economic regions during the period under review (Chart 8). Yearly, export revenue

generated from that region increased by 14 percent to register N$6.024 billion after

registering N$5.307 billion in q1-2018. When compared to the previous quarter, exports to

SACU also followed the same trend, improving by 2.7 percent when compared to N$5.865

billion recorded in q4-2018. Furthermore, SACU absorbed 28 percent of Namibia’s total

exports, the largest share compared to all other economic regions. In comparison, the 28

percent share is more than 24 percent and 28 percent accounted for in q4-2018 and q1-2018,

respectively.

Brazil, Russia, India and China (BRIC) was Namibia’s second largest export market. Annually,

exports to that region strengthened, rising to N$5.510 billion in q1-2019 after recording

N$3.598 billion in q1-2018, which translates to an increase of 53 percent. The same trend was

witnessed q-on-q, with exports to BRIC rising from N$4.408 billion registered in q4-2018,

representing 25 percent increase In terms of export share, BRIC accounted for 26 percent of

the total exports, up from 19 percent y-on-y and up from 18 percent q-on-q.

The European Union (EU) ranked third largest export market for the domestic economy.

However, y-on-y domestic exports absorbed by EU dropped, registering N$4.913 billion from

N$6.343 billion, indicating a 23 percent decrease. Similarly, q-on-q exports to that market

weakened from an estimated N$6.202 billion, representing a decline of 21 percent. EU’s

contribution towards Namibia’s total exports revenue fell to 23 percent, from a share of 33

percent y-on-y and from 25 percent share q-on-q.

19

CHART 8: Exports by economic regions

The SADC-Non-SACU region ranked fourth as an important export market for the local

economy. Y-on-y exports to that market rose, registering N$2.464 billion compared to

N$1.436 billion recorded in q1-2018, translating to a 72 percent increase. Q-on-q exports to

this market also picked up by 26 percent after recording N$1.956 billion in q4-2018.

Additionally, SADC-Non-SACU’s contribution to Namibia’s total export revenue stood at 11

percent, up from 8 percent y-on-y and q-on-q respectively.

Another important export destination for the domestic economy was the Common Market for

Eastern and Southern Africa (COMESA), absorbing N$2.285 billion worth of domestic exports

compared to N$1.280 billion recorded in q1-2018, which translates to 78 percent growth. Q-

on-q exports to that market also strengthened by 44 percent compared to the amount of

N$1.591 billion. In terms of contribution, COMESA accounted for 11 percent of Namibia’s total

export revenue in q1-2019, up from 7 percent of q1-2018 and from 6 percent recorded in q4-

2018.

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000

▲78%

▲72%

▼23%

▲53%

▲14%

COM

ESA

SADC

-NO

N SA

CUEU

BRIC

SACU

Value (N$ m)

q1-2019 q4-2018 q1-2018

20

ImportsThe Southern Africa Customs Union (SACU) emerged as Namibia’s largest supplier of imported

goods (Chart 9), after recording N$11.391 billion worth of imports in the quarter under

review. Despite being the largest import market for the local economy, overall imports from

SACU dropped by 10 percent when compared to N$12.586 billion recorded in q1-2018.

Moreover, imports from that region dropped by 23 percent after registering N$14.878 billion

in q4-2018. In addition, 47 percent of Namibia’s total import requirements in q1-2019 were

satiated by SACU, up from 44 percent in q1-2018 and down from 54 percent in q4-2018.

SADC-Non SACU was the second largest source of imports for the domestic economy. The

import bill from that market was estimated at N$4.378 billion in q1-2019. This represents an

increase of 9 percent when compared to N$4.030 billion recorded in the same quarter of last

year. Likewise, a 15 percent increase was also realized when compared to N$3.816 billion

recorded in the previous quarter. Subsequently, SADC-Non SACU accounted for 18 percent of

Namibia’s overall import bill in q1-2019, up from 14 percent accounted for in both q1-2018

and q4-2018.

CHART 9: Imports by economic regions

0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000

▼43%

▲27%

▲15%

▲9%

▼10%

BRIC

EUCO

MES

ASA

DC-N

ON

SACU

SACU

Value (N$ m)

q1-2019 q4-2018 q1-2018

21

COMESA occupied the third position as an important source of imports for the domestic

market. Imports from that market rose by 15 percent, registering N$4.335 billion in q1-2019

after recording N$3.777 billion in q1-2018. When compared to the previous quarter, imports

from that market also grew from N$3.887 billion representing an increase of 12 percent.

COMESA accounted for a share of 18 percent of Namibia’s overall import bill in q1-2019, up

from 13 percent for the same quarter last year and from 14 percent witnessed in the previous

quarter.

The EU ranked fourth as a major source of imports for Namibia. Imports from that region

picked up, registering N$1.988 billion compared to N$1.566 billion recorded in q1-2018, which

translates to a 27 percent increase. When compared to the previous quarter, imports also rose

from N$1.430 billion in q4-2018, representing an increase 39 percent. EU accounted for 8

percent of the overall import bill in q1-2019, up from 6 percent and 5 percent in q1-2018 and

q4-2018 respectively.

BRIC also played a vital role in supporting the domestic economy’s demand for imports.

Overall imports from BRIC amounted to N$1.453 billion in q1-2019 after recording N$2.569

billion in q1-2018, indicating a decline of 43 percent. Similarly, a 30 percent decline was

registered when compared to N$2.089 billion recorded in q4-2018. BRIC accounted for 6

percent of total imports, down from 9 percent registered in q1-2018 and from 8 percent

witnessed in the preceding quarter.

22

Trade by mode of transport

Exports

In q1-2019, N$12.039 billion worth of goods left Namibia’s borders via sea, this is equivalent

to 56 percent of the value of all commodities exported by the domestic economy to the rest of

the world, down from 57 percent and 59 percent recorded in q1-2018 and q4-2018

respectively. The N$12.039 billion export value represents an increase of N$1.184 billion

(11%) compared to N$10.855 billion recorded in q1-2018 (Chart 10). A different trend was

observed on a quarterly basis as exports declined by 2.738 billion (19%) after recording

N$14.777 billion in q4-2018. Copper, ores and fish accounted for the largest shares of exports

by sea.

CHART 8: Exports by mode of transport

Air ranked second in terms of the most used means of transporting domestic exports to the

rest of the world (Chart 10), this was largely attributed to high export volume of precious

stones and metals. Exports via air increased by N$0.526 million (12%) to register N$4.954

billion after recording N$4.428 billion in q1-2018. When compared to the previous quarter,

exports via air fell by N$0.446 million (8%) from N$5.400 billion registered in q4-2018. Air

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

▲11% ▲12% ▲17%

Sea Air Road

Q1 2019 Q4 2018 Q1 2018

23

transport’s contribution to overall exports stood at 23 percent, up from 22 percent registered

in the previous quarter and showed no change when compared to q1-2018.

Road was the third most used means of transporting exports. The largest exported

commodities by value comprised of fish, live animals and motor vehicles and parts. The recent

export figure by road amounted to N$4.446 billion, which translates to a 17 percent increase

after registering N$3.796 billion in q1-2018. When compared to the previous quarter, exports

decreased by N$0.307 million (6%) compared to N$4.753 billion recorded in q4-2018. In terms

of contributions, road accounted for 21 percent of the value of all goods exported from the

domestic economy, up from 20 percent registered in q1-2018, and 19 percent recorded in q4-

2018.

24

ImportsThe bulk of commodities imported into Namibia were transported by means of road (Chart

11), with copper, motor vehicles and parts; industrial machinery and electrical machinery

accounting for the largest share of total imports via road. Imports by road advanced by

N$0.221 million (1%) to N$15.474 billion compared to N$15.253 billion registered in q1-2018.

When compared to the previous quarter, imports dropped by N$2.034 million (12%) after

recording N$17.508 billion in q4-2018. The value of goods imported by road remained high

compared to other mode of transports in the period under review, contributing 63 percent up

from 54 percent registered in the corresponding quarter of 2018 and down from 64 percent

recorded in the previous quarter.

CHART 9: Import by mode of transport

Sea transport continued to play a vital role in shipping imports into Namibia, ranking second

as the most used means of transporting goods into the domestic economy. Ores; oils and

mineral fuels; and motor vehicles and parts were the most commodities imported by means of

sea. Despite its ranking, imports by sea decreased by N$3.919 billion (33%) to register N$7.796

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

▲1% ▼33% ▼21%

Road Sea Air

Valu

es (N

$ m)

q1-2019 q4-2018 q1-2018

25

billion in q1-2019 compared to N$11.715 billion registered in the corresponding quarter of

2018. In comparison to the previous quarter, imports via sea declined by N$0.940 million

(11%), after recording N$8.736 billion in q4-2018. Sea transport accounted for 32 percent of

the value of all goods imported into Namibia which is equal to the previous quarter’s

contribution, but down from 41 percent in q1-2018.

Air transportation ranked third in terms of importance as the most used mode of transport for

imports into the domestic economy. Precious stones and metals; electrical machinery and

industrial machinery formed part of the most imported commodities via air. However, the

value of goods imported via air is negligible compared to the value of imports by road and sea.

Furthermore, imports via air weakened, dropping by N$283 million (21%) to register N$1.097

billion compared to N$1.380 billion recorded in the corresponding quarter of 2018. In

comparison to the previous quarter, imports via air also grew weaker, falling by 15 percent

after recording N$1.285 billion in q4-2018. In terms of contributions, air accounted for 4

percent of the total import bill, and 5 percent share for both q1-2018 and q4-2018.

26

Conclusion

During the period of review, Namibia’s overall exports amounted to N$21.440 billion as

compared to the export value of N$19.803 billion recorded in the corresponding period a year

ago and the export value of N$24.959 billion witnessed in the previous quarter. On the other

hand, the value of imports stood at N$24.390 billion after recording N$28.376 billion and

N$27.548 billion in q1-2018 and q4-2018 respectively. Subsequently, Namibia experienced a

negative trade balance valued at N$2.950 billion with the rest of the world, this is a

remarkable improvement of 68 percent when compared to an amount of N$9.293 billion

recorded in q1-2018.

China became the largest export destination for domestic goods after absorbing 25 percent of

all the goods exported by the domestic market. South Africa ranked second with a market

share of 15 percent of Namibia’s total exports, while Botswana and Belgium absorbed 11

percent and 9 percent respective shares of total domestic exports. Furthermore, Spain only

absorbed 4 percent of total exports, the 4 percent was the least share accounted for within

the top five export markets. On the other hand, imports were mainly sourced from South

Africa, which supplied the largest share of 42 percent of total import to Namibia, followed by

Zambia and China with 17 and 7 percent respectively. Other significant markets such as

Botswana and China contributed 4 percent each to the overall import share.

The analysis on commodities revealed that exports were mostly led by copper (26%), precious

stones and metals (22%), ores (15%), fish (11%) and vessels (4%). Similarly, three out of the

aforementioned commodities also featured on the re-export list in the exception of ores and

fish. Re-exports were mainly led by copper (54%), precious stones and metals (14%), vessels

and boats (9%). Motor vehicles and parts; and industrial machinery followed contributing 8

percent and 3 percent respectively. On the other hand, imports were dominated by copper

(17%), ores (11%), oils and mineral fuels (95%), motor vehicles and parts (8%) and finally,

industrial machinery (7%).

In terms of regional markets, Namibia’s exported mostly to the SACU market which absorbed

the largest share of 28 percent, followed by BRIC and the EU with a share of 26 and 23 percent

respectively, whereas SADC-Non-SACU and COMESA contributed 11 percent each. Equally,

imports were also sourced from the same economic regions with SACU taking the lead with a

share of 47 percent of total imports, followed SADC-Non-SACU and COMESA each contributing

a share of 18 percent. The EU market contributed 8 percent share while BRIC’s contribution

27

stood at 5 percent of total imports. Finally, EFTA only contributed 1 percent to total imports

into Namibia.

Recent figures showed that Namibia’s goods were mostly exported by sea, air and road, with

sea emerging as the most used means of transport by traders, accounting for 56 percent share

of total export, followed by air with 22 percent; while road freight became the third most

mode of transport used; with a share of 21 percent of total exports. On the other hand, most

commodities imported into Namibia were transported by road and sea contributing 63

percent and 32 percent to the total import bill respectively.

28

ListofTermsandDefinitionsCost Insurance and freight (CIF): The transaction value of the goods, the value of services performed to deliver goods to the border of the exporting country and the value of the services performed to deliver the goods from the border of the exporting country to the border of the importing country.

Export Processing Zone (EPZ): An Export Processing Zone (EPZ) is a Customs area where one is

allowed to import machinery, 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.

Free on board (FOB): The transaction value of the goods and the value of services performed to deliver goods to the border of the exporting country

Re-export: The export of foreign goods previously imported from the ROW

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.

29

AcronymsBRIC Brazil, Russia, India and China

CIF Cost, Insurance and Freight

COMESA Common Market for Eastern and Southern Africa

DRC Democratic Republic of Congo

EAC East African Community

EFTA European Free Trade Association

EPZ Export Processing Zone

EU European Union

FOB Free on Board

ROW Rest of World

SACU Southern African Customs Union

SADC Southern African Development Community

30

Appendix

Table 3: Trade by f.o.b. and c.i.f.

Table 4: Main export destinations

Table 5: Top ten re-export destinations

PeriodExport (f.o.b) Import (c.i.f) Import (f.o.b)

q1 2019 21,440 24,390 23,274q4 2018 24,959 27,547 26,068q1 2018 19,083 28,376 27,253

Value (N$)

Value (N$ m) % Share Value (N$ m) % Share Value (N$ m) % ShareChina 5,437 25% 4,199 17% 3,455 18% ▲ 29% ▲ 57%South Africa 3,618 17% 3,746 15% 3,380 18% ▼ 3% ▲ 7%Botswana 2,405 11% 2,119 8% 1,926 10% ▲ 14% ▲ 25%Belgium 1,936 9% 2,560 10% 2,442 13% ▼ 24% ▼ 21%Spain 942 4% 843 3% 878 5% ▲ 12% ▲ 7%United Arab Emirates 910 4% 789 3% 578 3% ▲ 15% ▲ 57%Mauritius 904 4% 7 0% 11 0% ▲ 13306% ▲ 7778%Italy 717 3% 524 2% 1,425 7% ▲ 37% ▼ 50%Zambia 676 3% 925 4% 775 4% ▼ 27% ▼ 13%United States of America 670 3% 447 2% 285 1% ▲ 50% ▲ 135%Democratic Republic of Congo 636 3% 567 2% 367 2% ▲ 12% ▲ 73%France 577 3% 1,051 4% 816 4% ▼ 45% ▼ 29%Netherlands 356 2% 537 2% 382 2% ▼ 34% ▼ 7%Israel 224 1% 155 1% 161 1% ▲ 44% ▲ 39%Germany 222 1% 220 1% 159 1% ▲ 1% ▲ 39%Hongkong 159 1% 121 0% 149 1% ▲ 32% ▲ 7%Canada 133 1% 295 1% 3 0% ▼ 55% ▲ 3725%Angola 127 1% 218 1% 137 1% ▼ 42% ▼ 7%South Korea 106 0% 65 0% 81 0% ▲ 64% ▲ 32%United Kingndom 71 0% 336 1% 80 0% ▼ 79% ▼ 11%Other 615 3% 5,237 21% 1,592 8% ▼ 88% ▼ 61%Total 21,440 100% 24,959 100% 19,083 100% ▼ 14% ▲ 12%

q1-2019 q4-2018 q1-2018 ∆ q/q ∆ y/yPartner

q1-2019 q4-2018 q1-2018Value (N$ m)% Change Value (N$ m)% Change Value (N$ m)% Change

China 3,281 34% 2,128 18% 2,121 26% ▲ 54% ▲ 55%Belgium 1,709 18% 2,421 21% 2,200 27% ▼ 29% ▼ 22%Mauritius 901 9% 4 0% 2 0% ▲ 19934% ▲ 37134%Botswana 604 6% 109 1% 70 1% ▲ 454% ▲ 759%South Africa 520 5% 619 5% 391 5% ▼ 16% ▲ 33%Zambia 405 4% 623 5% 482 6% ▼ 35% ▼ 16%United States of America 382 4% 426 4% 265 3% ▼ 10% ▲ 44%DRC 313 3% 278 2% 153 2% ▲ 13% ▲ 105%Netherlands 247 3% 296 3% 298 4% ▼ 16% ▼ 17%United Arab Emirates 238 2% 67 1% 121 2% ▲ 258% ▲ 97%Other 1,005 10% 4,616 40% 1,931 24% ▼ 78% ▼ 48%Total 9,607 100% 11,586 100% 8,034 100% ▼ 17% ▲ 20%

Partner ∆ q/q ∆ y/y

31

Table 6: Main source of imports

Table 7: Top twenty export products

q1-2019 q4-2018 q1-2018Value (N$ m) % Change Value (N$ m) % Change Value (N$ m) % Change

South Africa 10,342 42% 13,947 51% 11,248 40% ▼ 26% ▼ 8%Zambia 4,218 17% 3,708 13% 3,645 13% ▲ 14% ▲ 16%Bulgaria 1,779 7% 275 1% 1,386 5% ▲ 547% ▲ 28%Botswana 960 4% 828 3% 1,281 5% ▲ 16% ▼ 25%China 859 4% 1,467 5% 1,801 6% ▼ 41% ▼ 52%United Arab Emirates 637 3% 587 2% 214 1% ▲ 9% ▲ 198%Chile 554 2% 211 1% 4 0% ▲ 162% ▲ 15080%France 541 2% 54 0% 55 0% ▲ 912% ▲ 883%India 496 2% 380 1% 661 2% ▲ 31% ▼ 25%United States of America 450 2% 644 2% 656 2% ▼ 30% ▼ 31%Germany 312 1% 225 1% 315 1% ▲ 38% ▼ 1%Spain 308 1% 382 1% 418 1% ▼ 19% ▼ 26%Peru 254 1% 432 2% 0 0% ▼ 41% ▲ 7996542%Netherlands 246 1% 101 0% 196 1% ▲ 145% ▲ 25%Switzerland 165 1% 92 0% 16 0% ▲ 79% ▲ 899%Tunisia 134 1% 282 1% 6 0% ▼ 52% ▲ 1987%Ireland 132 1% 136 0% 71 0% ▼ 3% ▲ 87%Norway 120 0% 143 1% 25 0% ▼ 16% ▲ 373%Mozambique 118 0% 14 0% 326 1% ▲ 715% ▼ 64%Japan 113 0% 159 1% 95 0% ▼ 29% ▲ 19%Other 1,651 7% 3,480 13% 5,956 21% ▼ 53% ▼ 72%Total 24,390 100% 27,548 100% 28,376 100% ▼ 11% ▼ 14%

Partner ∆ q/q ∆ y/y

Value (N$ m) % share Value (N$ m)% share Value (N$ m)% shareCopper 5,516 26 5,277 28 4,825 19 ▲ 5 ▲ 14Precious stones & metals 4,813 22 4,282 22 5,279 21 ▲ 12 ▼ 9Ores 3,146 15 2,248 12 3,391 14 ▲ 40 ▼ 7Fish 2,291 11 2,488 13 2,033 8 ▼ 8 ▲ 13Vessels & boats 897 4 1 0 3,399 14 ▲ 77923 ▼ 74Zinc 805 4 1,211 6 412 2 ▼ 34 ▲ 95Motor vehicles & parts 778 4 353 2 422 2 ▲ 121 ▲ 84Live animals 473 2 731 4 566 2 ▼ 35 ▼ 16Industrial machinery 435 2 251 1 390 2 ▲ 73 ▲ 12Beverages 320 1 246 1 383 2 ▲ 30 ▼ 16Meat 227 1 183 1 242 1 ▲ 24 ▼ 6Natural minerals & stones 171 1 248 1 195 1 ▼ 31 ▼ 12Wood 147 1 86 0 151 1 ▲ 71 ▼ 2Plastics 145 1 115 1 170 1 ▲ 27 ▼ 15Iron & steel 108 1 48 0 142 1 ▲ 127 ▼ 24Oils & mineral fuels 96 0 137 1 132 1 ▼ 30 ▼ 27Articles of iron or steel 85 0 158 1 195 1 ▼ 46 ▼ 56Electrical machinery 79 0 87 0 126 1 ▼ 9 ▼ 37Chemical products 75 0 68 0 148 1 ▲ 11 ▼ 49Fruits & nuts 75 0 74 0 626 3 ▲ 1 ▼ 88Other 757 4 792 4 1,732 7 ▼ 4 ▼ 56Total 21,440 100 19,083 100 24,959 100 ▲ 12 ▼ 14


32

Table 8: Top twenty re-export products

Table 9: Top twenty import products

Value (N$ m)% share Value (N$ m)% share Value (N$ m)% shareCopper 5,209 54 4,895 61 4,488 39 ▲ 6 ▲ 16Precious stones & metal 1,361 14 1,085 14 1,507 13 ▲ 25 ▼ 10Vessels & boats 897 9 1 0 3,399 29 ▲ 106184 ▼ 74Motor vehicles & parts 777 8 338 4 398 3 ▲ 130 ▲ 95Indusrial machinery 279 3 220 3 319 3 ▲ 27 ▼ 13Plastics 130 1 96 1 150 1 ▲ 35 ▼ 13Zinc 98 1 578 7 0 0 ▼ 83 ▲ 73624Meat 88 1 33 0 97 1 ▲ 168 ▼ 8Articles of iron or steel 75 1 143 2 185 2 ▼ 48 ▼ 60Chemical products 73 1 66 1 145 1 ▲ 10 ▼ 50Oils & mineral fuels 70 1 57 1 73 1 ▲ 22 ▼ 4Electrical machinery 65 1 78 1 115 1 ▼ 17 ▼ 43Rubber 60 1 93 1 65 1 ▼ 35 ▼ 7Iron & steel 59 1 8 0 85 1 ▲ 608 ▼ 30Inorganic chemicals 51 1 60 1 70 1 ▼ 15 ▼ 27Paper 34 0 24 0 25 0 ▲ 38 ▲ 34Beverages 33 0 47 1 29 0 ▼ 29 ▲ 15Aircraft & parts 28 0 9 0 23 0 ▲ 202 ▲ 21Milling products 25 0 15 0 14 0 ▲ 67 ▲ 82Precision instruments 22 0 61 1 52 0 ▼ 65 ▼ 58Other 172 2 127 2 348 3 ▲ 36 ▼ 51Total 9,606 100 8,034 100 11,586 100 ▲ 20 ▼ 17


Value (N$ m)% share Value (N$ m)% share Value (N$ m)% shareCopper 4,166 17 3,607 13 3,664 13 ▲ 16 ▲ 14Ores 2,617 11 1,392 5 949 3 ▲ 88 ▲ 176Oils & mineral fuels 2,279 9 3,239 11 3,080 11 ▼ 30 ▼ 26Motor vehicles & parts 2,038 8 1,980 7 1,655 6 ▲ 3 ▲ 23Industrial machinery 1,742 7 2,319 8 2,074 8 ▼ 25 ▼ 16Precious stones & metals 936 4 1,268 4 793 3 ▼ 26 ▲ 18Electrical machinery 866 4 982 3 1,178 4 ▼ 12 ▼ 26Plastics 622 3 531 2 736 3 ▲ 17 ▼ 16Articles of iron or steel 568 2 667 2 847 3 ▼ 15 ▼ 33Pharmaceuticals 490 2 474 2 669 2 ▲ 4 ▼ 27Beverages 473 2 439 2 659 2 ▲ 8 ▼ 28Vessels & boats 443 2 3,741 13 1,795 7 ▼ 88 ▼ 75Precision instruments 330 1 326 1 361 1 ▲ 1 ▼ 9Cosmetics 320 1 320 1 419 2 ▲ 0 ▼ 24Cereals 307 1 252 1 282 1 ▲ 22 ▲ 9Rubber 306 1 336 1 355 1 ▼ 9 ▼ 14Paper 285 1 317 1 476 2 ▼ 10 ▼ 40Chemical products 270 1 247 1 383 1 ▲ 9 ▼ 30Iron & steel 259 1 229 1 483 2 ▲ 13 ▼ 46Apparel: knit or crocheted 258 1 256 1 318 1 ▲ 1 ▼ 19Other 4,816 20 5,455 19 6,369 23 ▼ 12 ▼ 24Total 24,390 100 28,376 100 27,548 100 ▼ 14 ▼ 11


33

Table 10: Fish exports and imports

Year Period Exports (N$ m) % Change Imports (N$ m) % Changeq2 1,876 - 119 -q3 1,953 ▲ 4 108 ▼ 9q4 1,304 ▼ 33 131 ▲ 22q1 1,858 ▲ 42 84 ▼ 36q2 1,874 ▲ 1 98 ▲ 17q3 1,970 ▲ 5 97 ▼ 1q4 1,397 ▼ 29 166 ▲ 70q1 2,199 57 157 ▼ 5q2 2,567 ▲ 17 243 ▲ 54q3 2,292 ▼ 11 77 ▼ 68q4 1,783 -22 257 ▲ 233q1 2,488 ▲ 40 130 ▼ 50q2 2,227 ▼ 10 170 ▲ 31q3 2,256 ▲ 1 95 ▼ 44q4 2,011 ▼ 11 139 ▲ 47q1 2,488 ▲ 24 158 ▲ 14q2 2585 ▲ 4 225 ▲ 42q3 2622 ▲ 1 100 ▼ 55q4 2,033 ▼ 22 201 ▲ 100

2019 q1 2,291 ▲ 13 122 ▼ 39

2014

2015

2016

2017

2018

34

Table 11: Export products to key markets

Value (N$ m) % Share Value (N$ m) % Share Value (N$ m) % Share74:Copper 3,333 61% 2,101 50% 2,086 60% 59% 60%26:Ores 1,893 35% 1,905 45% 1,261 37% -1% 50%79:Zinc 141 3% 111 3% 21 1% 27% 574%25:Natural Minerals & Stone 27 0% 35 1% 33 1% -25% -20%23:Animal Feeds 25 0% 3 0% 19 1% 626% 33%68:Stone, Brick & Tiles 10 0% 10 0% 8 0% -8% 23%Other 8 0% 32 1% 27 1% -73% -69%Total 5,437 100% 4,199 100% 3,455 100% 29% 57%

Commodities q1-2019 q4-2018 q1-2018 ∆ q/q ∆ y/yValue (N$ m) % Share Value (N$ m) % Share Value (N$ m) % Share

71:Precious Stones & Metals 1,007 28% 1,121 30% 931 28% -10% 8%01:Live animals 468 13% 543 15% 721 21% -14% -35%03:Fish 437 12% 365 10% 438 13% 20% 0%79:Zinc 325 9% 195 5% 232 7% 67% 40%84:Industrial Machinery 311 9% 212 6% 111 3% 47% 181%22:Beverages 271 7% 336 9% 192 6% -19% 41%87:Motor Vehicles & parts 187 5% 278 7% 161 5% -33% 16%26:Ores 105 3% 0 0% 0 0% 42302% 523449%02:Meat 76 2% 74 2% 85 3% 4% -10%25:Natural Minerals & Stone 57 2% 43 1% 134 4% 34% -57%Other 372 10% 579 15% 375 11% -36% -1%Total 3,618 100% 3,746 100% 3,380 100% -3% 7%


71:Precious Stones & Metals 1,820 76% 1,983 94% 1,836 95% -8% -1%87:Motor Vehicles & parts 483 20% 18 1% 18 1% 2532% 2622%27:Oils & Mineral fuels 44 2% 53 3% 37 2% -17% 18%22:Beverages 17 1% 12 1% 6 0% 44% 161%16:Prepared Meats 10 0% 12 1% 14 1% -13% -26%Other 31 1% 41 2% 15 1% -23% 110%Total 2,405 100% 2,119 100% 1,926 100% 14% 25%


74:Copper 1,445 75% 2,034 79% 1,966 81% -29% -27%71:Precious Stones & Metals 407 21% 337 13% 306 13% 21% 33%79:Zinc 37 2% - 0% 14 1% - 170%44:Wood 21 1% 7 0% 1 0% 189% 1402%03:Fish 14 1% 3 0% 1 0% 340% 1927%08:Fruits & nuts 12 1% 46 2% 6 0% -75% 80%Other 2 0% 133 5% 148 6% -99% -99%Total 1,936 100% 2,560 100% 2,442 100% -24% -21%


03:Fish 783 83% 661 78% 832 95% 18% -6%26:Ores 148 16% 117 14% - 0% 27% -79:Zinc 9 1% 18 2% 22 2% -47% -57%Other 2 0% 47 6% 24 3% -96% -92%Total 942 100% 843 100% 878 100% 12% 7%

South Africa

Botswana

Belgium

Spain

China

Commodities ∆ q/q ∆ y/yq1-2019 q4-2018 q1-2018

35

Table 12: Import products from key markets

Value (N$ m) % Share Value (N$ m) % Share Value (N$ m) % Share87:Motor Vehicles & parts 1,318 13% 1,430 10% 1,648 15% -8% -20%84:Industrial Machinery 1,033 10% 1,305 9% 1,133 10% -21% -9%85:Electrical Machinery 618 6% 760 5% 614 5% -19% 1%27:Oils & Mineral fuels 440 4% 1,168 8% 802 7% -62% -45%22:Beverages 436 4% 589 4% 383 3% -26% 14%29:Organic Chemicals 410 4% 506 4% 358 3% -19% 15%73:Articles of Iron or Steel 396 4% 540 4% 471 4% -27% -16%30:Pharmaceuticals 374 4% 505 4% 356 3% -26% 5%33:Cosmetics 263 3% 346 2% 276 2% -24% -4%48:Paper 233 2% 390 3% 268 2% -40% -13%Other 4,819 47% 6,408 46% 4,939 44% -25% -2%Total 10,342 100% 13,947 100% 11,248 100% -26% -8%


74:Copper 4,150 98% 3,608 97% 3,591 99% 15% 16%23:Animal Feeds 42 1% 28 1% 32 1% 50% 30%85:Electrical Machinery 8 0% 1 0% 16 0% 960% -46%72:Iron & Steel 6 0% 6 0% 1 0% 4% 474%Other 12 0% 66 2% 6 0% -82% 114%Total 4,218 100% 3,708 100% 3,645 100% 14% 16%


26:Ores 1,776 100% 274 100% 1,379 100% 548% 29%Other 3 0% 1 0% 7 0% 176% -61%Total 1,779 100% 275 100% 1,386 100% 547% 28%


71:Precious Stones & Metals 855 89% 746 90% 1,221 95% 15% -30%85:Electrical Machinery 31 3% 27 3% 18 1% 14% 73%27:Oils & Mineral fuels 21 2% 4 1% 2 0% 378% 932%87:Motor Vehicles & parts 12 1% 9 1% 2 0% 33% 484%84:Industrial Machinery 8 1% 5 1% 2 0% 58% 337%Other 32 3% 35 4% 35 3% -8% -8%Total 960 100% 828 100% 1,281 100% 16% -25%


84:Industrial Machinery 167 19% 173 12% 686 38% -3% -76%73:Articles of Iron or Steel 104 12% 214 15% 143 8% -51% -27%85:Electrical Machinery 76 9% 178 12% 166 9% -57% -54%72:Iron & Steel 62 7% 211 14% 34 2% -71% 83%61:Apparel: knit or crocheted 58 7% 54 4% 14 1% 8% 313%64:Footwear 43 5% 48 3% 15 1% -9% 195%28:Inorganic Chemicals 42 5% 166 11% 117 6% -74% -64%87:Motor Vehicles & parts 33 4% 34 2% 19 1% -4% 69%39:Plastics 32 4% 23 2% 30 2% 37% 7%69:Ceramic products 27 3% 8 1% 12 1% 219% 123%

Other 214 25% 359 24% 566 31% -40% -62%Total 859 100% 1,467 100% 1,801 100% -41% -52%

South Africaq1-2019 q4-2018 q1-2018 ∆ q/q ∆ y/y

Zambia

Bulgaria

Botswana

China

Commodities

36

Table 13: Key exports by partner

Value (N$ m) % share Value (N$ m) % share Value (N$ m) % shareChina 3,266 63% 2,101 47% 2,086 43% ▲ 55% ▲ 57%Belgium 1,445 28% 2,034 45% 1,966 40% ▼ 29% ▼ 27%Netherlands 243 5% 295 7% 296 6% ▼ 18% ▼ 18%Germany 99 2% 0 0% 0 0% - -Korea 94 2% 40 1% 25 1% ▲ 133% ▲ 277%Italy 58 1% 0 0% 105 2% - ▼ 44%South Africa 5 0% 3 0% 3 0% ▲ 65% ▲ 54%Other 0 0% 16 0% 414 8% ▼ 100% ▼ 100%Total 5,209 100% 4,488 100% 4,895 100% ▲ 16% ▲ 6%

Value (N$ m) % share Value (N$ m) % share Value (N$ m) % shareUnited States of America 351 26% 420 28% 252 23% ▼ 16% ▲ 40%Belgium 254 19% 257 17% 232 21% ▼ 1% ▲ 10%United Arab Emirates 188 14% 62 4% 0 0% ▲ 204% #DIV/0!Israel 185 14% 154 10% 137 13% ▲ 20% ▲ 35%Hong Kong 156 11% 117 8% 143 13% ▲ 33% ▲ 9%South Africa 78 6% 75 5% 74 7% ▲ 4% ▲ 6%Botswana 63 5% 15 1% 13 1% ▲ 335% ▲ 397%India 44 3% 204 14% 135 12% ▼ 78% ▼ 67%Switzerland 28 2% 203 13% 100 9% ▼ 86% ▼ 72%Russia 13 1% 0 0% 0 0% - -Other 0 0% 1 0% 0 0% ▼ 100% ▼ 77%Total 1,361 100% 1,507 100% 1,085 100% ▼ 10% ▲ 25%

Value (N$ m) % share Value (N$ m) % share Value (N$ m) % shareMauritius 896 100% 0 0% 0 0% - -other 0 0% 3,399 100% 1 100% ▼ 100% ▼ 57%Total 897 100% 3,399 100% 1 100% ▼ 74% ▲ 106184%

Value (N$ m) % share Value (N$ m) % share Value (N$ m) % shareBotswana 483 62% 18 5% 18 5% ▲ 2532% ▲ 2624%South Africa 186 24% 254 64% 146 43% ▼ 27% ▲ 27%Germany 29 4% 2 1% 90 27% ▲ 1155% ▼ 68%Zambia 27 3% 68 17% 38 11% ▼ 60% ▼ 28%Zimbabwe 22 3% 27 7% 27 8% ▼ 19% ▼ 20%Angola 12 1% 13 3% 16 5% ▼ 10% ▼ 26%Italy 10 1% 0 0% 0 0% - -Democratic Republic of Congo 5 1% 10 2% 0 0% ▼ 47% ▲ 148867%Malawi 2 0% 4 1% 1 0% ▼ 50% ▲ 48%Gambia 1 0% 0 0% 0 0% - -Other 1 0% 2 1% 2 1% ▼ 73% ▼ 73%Total 777 100% 398 100% 338 100% ▲ 95% ▲ 130%

Value (N$ m) % share Value (N$ m) % share Value (N$ m) % shareSouth Africa 159 57% 143 45% 85 39% ▲ 11% ▲ 87%Zambia 32 12% 6 2% 11 5% ▲ 464% ▲ 188%United States of America 23 8% 2 1% 11 5% ▲ 1303% ▲ 104%Angola 10 4% 31 10% 10 4% ▼ 66% ▲ 9%Democratic Republic of Congo 10 4% 6 2% 2 1% ▲ 81% ▲ 505%Italy 9 3% 0 0% 0 0% ▲ 183316% ▲ 3491855%Cote D'Ivoire 6 2% 0 0% 0 0% ▲ 8320% -Netherlands 5 2% 1 0% 1 0% ▲ 296% ▲ 325%Germany 4 2% 24 7% 1 0% ▼ 82% ▲ 455%China 3 1% 0 0% 11 5% - ▼ 73%Other 17 6% 108 34% 88 40% ▼ 84% ▼ 81%Total 279 100% 319 100% 220 100% ▼ 13% ▲ 27%

Partners q1-2019 q1-2018q4-2018 ∆y/y∆q/q

Copper


Precious Stones & Metals


Vessels & Boats


Motor Vehicles & parts


Industrial Machinery

37

Table 14: Key re-exports by partner

Value (N$ m) % share Value (N$ m)% share Value (N$ m)% shareChina 3,266 63 2,086 43 2,101 47 ▲ 57 ▲ 55Belgium 1,445 28 1,966 40 2,034 45 ▼ 27 ▼ 29Netherlands 243 5 296 6 295 7 ▼ 18 ▼ 18Germany 99 2 0 0 0 0 - -Korea 94 2 25 1 40 1 ▲ 277 ▲ 133Italy 58 1 105 2 0 0 ▼ 44 -South Africa 5 0 3 0 3 0 ▲ 54 ▲ 65Other 0 0 414 8 16 0 ▼ 100 ▼ 100Total 5,209 100 4,895 100 4,488 100 ▲ 6 ▲ 16

Value (N$ m) % share Value (N$ m)% share Value (N$ m)% shareUnited States of America 351 26 252 23 420 28 ▲ 40 ▼ 16Belgium 254 19 232 21 257 17 ▲ 10 ▼ 1United Arab Emirates 188 14 0 0 62 4 - ▲ 204Israel 185 14 137 13 154 10 ▲ 35 ▲ 20Hong Kong 156 11 143 13 117 8 ▲ 9 ▲ 33South Africa 78 6 74 7 75 5 ▲ 6 ▲ 4Botswana 63 5 13 1 15 1 ▲ 397 ▲ 335India 44 3 135 12 204 14 ▼ 67 ▼ 78Switzerland 28 2 100 9 203 13 ▼ 72 ▼ 86Russia 13 1 0 0 0 0 - -Other 0 0 0 0 1 0 ▼ 77 ▼ 100Total 1,361 100 1,085 100 1,507 100 ▲ 25 ▼ 10

Value (N$ m) % share Value (N$ m)% share Value (N$ m)% shareMauritius 896 100 0 0 0 0 - -other 0 0 1 100 3,399 100 ▼ 57 ▼ 100Total 897 100 1 100 3,399 100 ▲ 106184 ▼ 74

Value (N$ m) % share Value (N$ m)% share Value (N$ m)% shareBotswana 483 62 18 5 18 5 ▲ 2624 ▲ 2532South Africa 186 24 146 43 254 64 ▲ 27 ▼ 27Germany 29 4 90 27 2 1 ▼ 68 ▲ 1155Zambia 27 3 38 11 68 17 ▼ 28 ▼ 60Zimbabwe 22 3 27 8 27 7 ▼ 20 ▼ 19Angola 12 1 16 5 13 3 ▼ 26 ▼ 10Italy 10 1 0 0 0 0 - -Democratic Republic of Congo 5 1 0 0 10 2 ▲ 148867 ▼ 47Malawi 2 0 1 0 4 1 ▲ 48 ▼ 50Gambia 1 0 0 0 0 0 - -Other 1 0 2 1 2 1 ▼ 73 ▼ 73Total 777 100 338 100 398 100 ▲ 130 ▲ 95

Copper

Partners q1-2019 q1-2018 q4-2018 %∆y/y %∆q/q

Precious Stones & Metals


Vessels & Boats


Motor Vehicles & parts


38

Value (N$ m) % share Value (N$ m)% share Value (N$ m)% shareSouth Africa 159 57 85 39 143 45 ▲ 87 ▲ 11Zambia 32 12 11 5 6 2 ▲ 188 ▲ 464United States of America 23 8 11 5 2 1 ▲ 104 ▲ 1303Angola 10 4 10 4 31 10 ▲ 9 ▼ 66Democratic Republic of Congo 10 4 2 1 6 2 ▲ 505 ▲ 81Italy 9 3 0 0 0 0 ▲ 3491855 ▲ 183316Cote D'Ivoire 6 2 0 0 0 0 - ▲ 8320Netherlands 5 2 1 0 1 0 ▲ 325 ▲ 296Germany 4 2 1 0 24 7 ▲ 455 ▼ 82China 3 1 11 5 0 0 ▼ 73 -Other 17 6 88 40 108 34 ▼ 81 ▼ 84Total 279 100 220 100 319 100 ▲ 27 ▼ 13



39

Table 15: Key Imports by partner

Partners q1-2019 q1-2018 q4-2018 ∆q/q ∆y/yValue (N$ m)% share Value (N$ m)% share Value (N$ m)% share

Zambia 4,150 100 3,591 100 3,608 98 ▲ 15 ▲ 16South Africa 13 0 15 0 16 0 ▼ 21 ▼ 14United Kingdom 1 0 0 0 0 0 ▲ 1943 ▲ 2758Germany 1 0 1 0 0 0 ▲ 130 ▼ 21Other 1 0 0 0 39 1 ▼ 97 ▲ 231Total 4,166 100 3,607 100 3,664 100 ▲ 14 ▲ 16


Bulgaria 1,776 68 1,379 99 274 29 ▲ 548 ▲ 29Chile 551 21 0 0 209 22 ▲ 164 -Peru 252 10 0 0 432 46 ▼ 42 ▲ 43885747Other 38 1 13 1 33 4 ▲ 60 ▲ 200Total 2,617 100 1,392 100 949 100 ▲ 176 ▲ 88


United Arab Emirates 624 27 112 3 566 18 ▲ 10 ▲ 455South Africa 440 19 802 25 1,168 38 ▼ 62 ▼ 45India 301 13 498 15 177 6 ▲ 70 ▼ 39Netherlands 141 6 142 4 0 0 ▲ 68655 ▼ 0Tunisia 133 6 0 0 282 9 ▼ 53 -Mozambique 116 5 318 10 12 0 ▲ 835 ▼ 63Switzerland 104 5 0 0 75 2 ▲ 39 -High Sea 101 4 144 4 4 0 ▲ 2463 ▼ 30Bahrain 81 4 61 2 0 0 - ▲ 31Estonia 53 2 52 2 0 0 - ▲ 2Other 183 8 1,110 34 794 26 ▼ 77 ▼ 83Total 2,279 100 3,239 100 3,080 100 ▼ 26 ▼ 30


South Africa 1,318 65 1,648 83 1,430 86 ▼ 8 ▼ 20France 473 23 3 0 5 0 ▲ 9870 ▲ 18487Japan 62 3 58 3 82 5 ▼ 24 ▲ 8United Kingdom 39 2 66 3 50 3 ▼ 21 ▼ 41India 34 2 8 0 2 0 ▲ 1576 ▲ 353China 33 2 19 1 34 2 ▼ 4 ▲ 69Germany 30 1 85 4 4 0 ▲ 683 ▼ 65Botswana 12 1 2 0 9 1 ▲ 33 ▲ 484United States of America 11 1 10 1 13 1 ▼ 16 ▲ 8Thailand 7 0 5 0 7 0 ▼ 9 ▲ 44Other 19 1 76 4 19 1 ▼ 0 ▼ 75Total 2,038 100 1,980 100 1,655 100 ▲ 23 ▲ 3


South Africa 1,033 59 1,133 49 1,305 63 ▼ 21 ▼ 9United States of America 178 10 122 5 216 10 ▼ 17 ▲ 46China 167 10 686 30 173 8 ▼ 3 ▼ 76Iceland 61 3 1 0 1 0 ▲ 5158 ▲ 9528Germany 52 3 43 2 46 2 ▲ 13 ▲ 22Netherlands 32 2 11 0 5 0 ▲ 581 ▲ 189Spain 27 2 41 2 38 2 ▼ 27 ▼ 33Italy 17 1 9 0 29 1 ▼ 41 ▲ 81Imported from various countries 15 1 11 0 20 1 ▼ 22 ▲ 46India 15 1 8 0 12 1 ▲ 29 ▲ 95Other 144 8 255 11 230 11 ▼ 37 ▼ 44Total 1,742 100 2,319 100 2,074 100 ▼ 16 ▼ 25

Copper

Ores

Oils & Mineral Fuels

Motor Vehicles and Parts


41

Table 16: Exports by economic region

Table 17: Imports by economic region

Table 18: Export by mode of transport

Table 19: Import by mode of transport

Value (N$ m) % share Value (N$ m) % share Value (N$ m) % shareSACU 6,024 28% 5,865 24% 5,307 28% 3%▲ 14%▲ BRIC 5,510 26% 4,408 18% 3,598 19% 25%▲ 53%▲ EU 4,913 23% 6,202 25% 6,343 33% 21%▼ 23%▼ SADC-NON SACU 2,464 11% 1,956 8% 1,436 8% 26%▲ 72%▲ COMESA 2,285 11% 1,591 6% 1,280 7% 44%▲ 78%▲ EFTA 37 0% 210 1% 111 1% 82%▼ 67%▼ Total 21,440 100% 24,959 100% 19,083 100% 14%▼ 12%▲

∆q/qEconomic Region q1-2018q4-2018q1-2019 ∆ y/y

Value (N$ m) % share Value (N$ m) % share Value (N$ m) % shareSACU 11,391 47% 14,878 54% 12,586 44% 23%▼ 10%▼ SADC-NON SACU 4,378 18% 3,816 14% 4,030 14% 15%▲ 9%▲ COMESA 4,335 18% 3,887 14% 3,777 13% 12%▲ 15%▲ EU 1,988 8% 1,430 5% 1,566 6% 39%▲ 27%▲ BRIC 1,453 6% 2,089 8% 2,569 9% 30%▼ 43%▼ EFTA 347 1% 238 1% 43 0% 46%▲ 708%▲ Total Imports 24,390 100% 27,548 100% 28,376 100% 11%▼ 14%▼

∆ q/qEconomic Region q1-2018q4-2018q1-2019 ∆ y/y

Values (N$ m) % share Values (N$ m) % share Values (N$ m) % shareSea 12,039 56 14,777 59 10,855 57 11%▲ 19%▼ Air 4,954 23 5,400 22 4,428 23 12%▲ 8%▼ Rail 1 0 29 0 3 0 79%▼ 97%▼ Road 4,446 21 4,753 19 3,796 20 17%▲ 6%▼ Modal transport 0 0 1 0 0 0 804%▲ 64%▼ Inland waterways transport 0 0 0 0 1 0 96%▼ 17%▲ Total 21,440 100 24,959 100 19,083 100 12%▲ 14%▼

%∆q/qQ1 2019 Q4 2018 Q1 2018Transport mode %∆y/y

%∆y/y %∆q/qValues (N$ m) % share Values (N$ m) % share Values (N$ m) % share

Sea 7,796 32 8,736 32 11,715 41 33%▼ 11%▼ Road 15,474 63 17,508 64 15,253 54 1%▲ 12%▼ Air 1,097 4 1,285 5 1,380 5 21%▼ 15%▼ Rail 8 0 13 0 24 0 67%▼ 38%▼ Multimoodal transport 7 0 0 0 - - - -Inland waterways transport 9 0 5 0 4 0 125%▲ 80%▲ Total 24,390 100 27,547 100 28,376 100 14%▼ 11%▼

q1-2019 q4-2018 q1-2018Transport mode

42

Table 20: Trade by Office

Exports Imports Exports Imports Exports ImportsOffice \ Border Post Value Value Value Value Value Value

(N$ m) (N$ m) (N$ m) (N$ m) (N$ m) (N$ m)Ariamsvlei 927 3,377 853 4,015 1,052 4,064Eros Airport 1,846 550 2,002 477 1,852 745F. P. du Toit - 658 - 850 - 699Gobabis - - - 0 - 0Grootfontein - 0 - - - -Chief Hosea Kutako Intl Airport 3,097 575 3,385 756 2,571 623Impalila Island - 9 - 5 - 4Katima Mulilo 0 0 - 0 - 0Katwitwi 5 6 10 1 3 0Keetmanshoop - - - - - 0Luderitz 979 203 901 529 1,840 348Klein Manase 0 0 - 1 0 0Mohembo 9 27 13 24 5 26Ngoma 52 76 47 100 48 71Noordoewer 593 1,976 1,170 2,571 600 2,267Omahenene 3 1 4 0 4 0Oranjemund 148 240 41 302 24 254Oshakati - 0 - 1 - 1Oshikango 114 1 148 5 116 1Otjiwarongo - 0 - 0 - 0Ruacana 0 0 0 - 1 -Rundu 1 0 1 1 1 0Trans Kalahari 1,548 4,454 1,239 5,375 1,022 3,523Tsumeb - 0 - 1 - -International Airport -Windhoek 0 4 0 4 0 5Walvis Bay 11,111 7,587 13,852 8,341 9,007 11,501Wenela 1,005 4,214 1,265 3,733 939 3,565Windhoek Regional Warehouse Office - 416 - 421 - 615Windhoek Regional Office 2 10 29 17 - 53Windhoek Regional Excise Office - 6 - 17 - 12Total 21,440 24,390 24,959 27,547 19,083 28,376

q1 2018q4 2018q1 2019

quarterly trade statistics bulletin first ......billion compared to n$47.459 billion and n$52.507...

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