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Namibia

Namibia ranked No. 136 in total trade value through October with a total of $294.78 million. Exports totaled $190.47 million and Imports totaled $104.31 million, a surplus of $86.16 million.

January – October 2018

Top Trading Ports

Total Trade: $294.78 million

RankPortTotal YTD
1John F. Kennedy International Airport $100,765,254
2Port of Corpus Christi, Texas $47,485,150
3Low-Valued Imports and Exports $33,290,972
4Port of Houston $32,945,356
5Port of Baltimore, Md. $15,792,764
6Port of Port Arthur, Texas $15,000,000
7Port of Charleston $5,704,620
8Port of Savannah, Ga. $5,235,309
9Houston’s George Bush Intercontinental Airport, Texas $3,740,520
10Miami International Airport $3,204,822

U.S. trade with Namibia rose to $294.78 million through October

Namibia’s trade with the United States rose to $294.78 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 56.69 percent above its total trade during the same time period last year. Namibia’s exports increased 119.61 percent while imports rose 2.87 percent. The U.S. surplus with Namibia was $86.16 million.

Through October, the top five among the nation’s airports, seaports and border crossings 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.. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Port of Baltimore, Md. No. 3 Low-Valued Imports and Exports No. 4 Port of Houston and No. 5 Port of New Orleans. In the current time period, the top five accounted for 78.12 percent of Namibia’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 53.19 percent to $100.77 million.
    Exports rose 46.56 percent to $15.18 million. Imports rose 54.43 percent to $85.59 million.
  • Trade with No. 2 Port of Corpus Christi, Texas rose 410.5 percent to $47.49 million.
    Exports rose 410.5 percent to $47.49 million. There were no imports.
  • Trade with No. 3 Low-Valued Imports and Exports rose 129.44 percent to $33.29 million.
    Exports rose 129.44 percent to $33.29 million. There were no imports.
  • Trade with No. 4 Port of Houston rose 140.43 percent to $32.95 million.
    Exports rose 147.76 percent to $32.81 million. Imports fell 71.1 percent to $132,753.
  • Trade with No. 5 Port of Baltimore, Md. fell 54.4 percent to $15.79 million.
    Exports fell 55.98 percent to $1.52 million. Imports fell 54.22 percent to $14.27 million.

Namibia ranked No. 136 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 145.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Namibia by value through October were the categories of Gasoline, other fuels; Low value shipments; Binders for found molds; chemical products; Diamonds, not mounted; and Rubber tires, respectively. They accounted for 71.76 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; Granite, marble, other stones; Value added to a returned import; and Misc. vegetable fats, oils –– accounted for 97.13 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 801.68 percent compared to last year to $59.4 million.
  • Low value shipments rose 129.44 percent compared to last year to $33.29 million.
  • Binders for found molds; chemical products rose 64.53 percent compared to last year to $27.09 million.
  • Diamonds, not mounted rose 62.64 percent compared to last year to $8.66 million.
  • Rubber tires rose 90.66 percent compared to last year to $8.24 million.

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

  • Diamonds, not mounted rose 55.7 percent compared to last year to $85.41 million.
  • Uranium, thorium ores, concentrates fell 60.31 percent compared to last year to $14.27 million.
  • Granite, marble, other stones fell 14.29 percent compared to last year to $933,100.
  • Value added to a returned import fell 57.01 percent compared to last year to $395,258.
  • Misc. vegetable fats, oils rose 439.14 percent compared to last year to $313,128.

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.