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Farmer's Weekly (Digital)

Farmer's Weekly (Digital)

1 Issue, 18 October 2024

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Namibia reports August R3,6 billion trade shortfall

The Namibia Statistics Agency (NSA) recently reported a trade deficit of R3,6 billion in August 2024, increasing from R2,1 billion in July 2024 but tapering compared to the R4,9 billion deficit recorded in August 2023. (The Namibian dollar-South African rand exchange rate is 1:1.) This data comes from the Namibia International Merchandise Trade Statistics Bulletin, released in September 2024. NSA Statistician-General and CEO Alex Shimuafeni said Namibia's trade composition by partner showed that South Africa was the country's largest market for exports and imports. According to the Windhoek Observer, the NSA introduced a section in the report that tracks trade on food items (excluding live animals) and beverages. For the month under review, Namibia was a net exporter of food items, with a trade surplus of R223 million. The export composition for…
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Farmer's Weekly (Digital) - 1 Issue, 18 October 2024

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