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Namibia

Namibia ranked No. 138 in total trade value through June with a total of $155.2 million. Exports totaled $66.35 million and Imports totaled $88.84 million, a deficit of $22.49 million.

January – June 2019

Top Trading Ports

Total Trade: $155.2 million

RankPortTotal YTD
1John F. Kennedy International Airport $52,042,481
2Port of Houston $38,892,743
3Port of New Orleans $21,118,019
4Low-Valued Imports and Exports $12,141,014
5Port of Port Arthur, Texas $5,656,587
6Port of Corpus Christi, Texas $3,337,755
7Port of Savannah, Ga. $3,214,755
8Port of Beaumont, Texas $2,293,057
9Port of New York $1,871,665
10Port of Charleston $1,769,886

U.S. trade with Namibia rose to $155.2 million through June

Namibia’s trade with the United States rose to $155.2 million through the first six months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 19.09 percent below its total trade during the same time period last year. Namibia’s exports decreased 48.68 percent while imports rose 42.08 percent. The U.S. deficit with Namibia was $22.49 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Houston; No. 3 Port of New Orleans; No. 4 Low-Valued Imports and Exports; and No. 5 Port of Port Arthur, Texas. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Port of Corpus Christi, Texas No. 3 Low-Valued Imports and Exports No. 4 Port of Houston and No. 5 Port of Baltimore, Md.. In the current time period, the top five accounted for 83.67 percent of Namibia’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 0.88 percent to $52.04 million.
    Exports fell 63.4 percent to $2.48 million. Imports rose 8.37 percent to $49.57 million.
  • Trade with No. 2 Port of Houston rose 127.47 percent to $38.89 million.
    Exports rose 39.39 percent to $23.72 million. Imports rose 18260 percent to $15.18 million.
  • Trade with No. 3 Port of New Orleans rose 2520.61 percent to $21.12 million.
    Exports rose 46.32 percent to $724,500. Imports rose 6463.56 percent to $20.39 million.
  • Trade with No. 4 Low-Valued Imports and Exports fell 48.01 percent to $12.14 million.
    Exports fell 48.01 percent to $12.14 million. There were no imports.
  • Trade with No. 5 Port of Port Arthur, Texas fell 62.29 percent to $5.66 million.
    Exports fell 62.29 percent to $5.66 million. There were no imports.

Namibia ranked No. 138 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 131.

Meanwhile, total U.S. trade with the world increased to $2.06 trillion, down 0.14 percent compared to the same period last year. The nation’s exports dropped 0.75 percent to $823.61 billion; imports climbed 0.28 percent to $1.24 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $412.15 billion, up compared to the same period of last year when the deficit was $402.47 billion.

The top five U.S. exports to Namibia by value through June were the categories of Binders for found molds; chemical products; Low value shipments; Petroleum products; Sulfur, not sublimed; and Misc. machinery for moving, grading, respectively. They accounted for 63.82 percent of total exports to Namibia.

The value of the top five categories of U.S. imports from Namibia –– Diamonds, not mounted; Uranium, thorium ores, concentrates; Value added to a returned import; Granite, marble, other stones; and Misc. vegetable fats, oils –– accounted for 97.2 percent of all inbound shipments.

Looking more closely at U.S. exports to Namibia:

  • Binders for found molds; chemical products rose 1.17 percent compared to last year to $13.73 million.
  • Low value shipments fell 48.01 percent compared to last year to $12.14 million.
  • Petroleum products totaled $5.66 million. The previous year, there were no exports in this category.
  • Sulfur, not sublimed rose 56.8 percent compared to last year to $5.63 million.
  • Misc. machinery for moving, grading totaled $5.19 million. The previous year, there were no exports in this category.

Looking more closely at U.S. imports from Namibia:

  • Diamonds, not mounted rose 9.08 percent compared to last year to $49.72 million.
  • Uranium, thorium ores, concentrates rose 38.74 percent compared to last year to $19.8 million.
  • Value added to a returned import rose 8187.51 percent compared to last year to $15.65 million.
  • Granite, marble, other stones rose 43.28 percent compared to last year to $817,119.
  • Misc. vegetable fats, oils rose 135.38 percent compared to last year to $372,224.

In the latest annual figures available, Namibia recorded $227.96 million in trade with the United States. At year’s end, its were New York City; Houston; Baltimore; Low Value Shipments; and New Orleans. Total U.S. exports to Namibia were $ 100.91 million and imports from Namibia were $127.05 million. The U.S. deficit with Namibia was $26.14 million.