Namibia’s trade sector recorded a trade deficit of N$2.7 billion in March 2025, marking a moderate deterioration from the N$2 billion deficit recorded in February 2025, but an improvement from the N$4.6 billion deficit reported in March 2024.
This is according to the latest report by Simonis Storm.
Economist Almandro Jansen says that the trend reflects growing export earnings, although import demand remains elevated.
“In March 2025, export earnings totalled N$10.1 billion, down slightly by 0.4% month-on-month, but up 22.6% year-on-year. The export basket remained dominated by precious stones (diamonds), which accounted for 20.1% of total exports.”
“Fish followed with a 13.6% share, while non-monetary gold contributed 12.%. Uranium made up 11% of exports, and copper and articles of copper accounted for 5.4%,” he says.
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