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Namibia

Namibia ranked No. 141 in total trade value through February with a total of $39.35 million. Exports totaled $25.07 million and Imports totaled $14.28 million, a surplus of $10.79 million.

January – February 2019

Top Trading Ports

Total Trade: $39.35 million

RankPortTotal YTD
1John F. Kennedy International Airport $13,762,050
2Port of Houston $8,138,176
3Low-Valued Imports and Exports $4,488,970
4Port of Port Arthur, Texas $3,539,087
5Port of Beaumont, Texas $2,293,057
6Port of New York $1,350,103
7Port of Charleston $1,142,903
8Port of Los Angeles $741,970
9Houston’s George Bush Intercontinental Airport, Texas $682,873
10Detroit Ambassador Bridge, Mich. $475,182

U.S. trade with Namibia rose to $39.35 million through February

Namibia’s trade with the United States rose to $39.35 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 37.69 percent below its total trade during the same time period last year. Namibia’s exports decreased 50.96 percent while imports rose 18.73 percent. The U.S. surplus with Namibia was $10.79 million.

Through February, 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 Low-Valued Imports and Exports; No. 4 Port of Port Arthur, Texas; and No. 5 Port of Beaumont, Texas. During the same period the previous year, the top five were No. 1 Port of Corpus Christi, Texas No. 2 John F. Kennedy International Airport No. 3 Low-Valued Imports and Exports No. 4 Port of Houston and No. 5 Port of Savannah, Ga.. In the current time period, the top five accounted for 81.88 percent of Namibia’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 10.02 percent to $13.76 million.
    Exports fell 15.58 percent to $1.21 million. Imports rose 13.32 percent to $12.56 million.
  • Trade with No. 2 Port of Houston rose 21.81 percent to $8.14 million.
    Exports rose 21.72 percent to $8.1 million. Imports rose 44.85 percent to $37,832.
  • Trade with No. 3 Low-Valued Imports and Exports fell 52.07 percent to $4.49 million.
    Exports fell 52.07 percent to $4.49 million. There were no imports.
  • Trade with No. 4 Port of Port Arthur, Texas totaled $3.54 million.
    Exports totaled $3.54 million. There were no imports.
  • Trade with No. 5 Port of Beaumont, Texas totaled $2.29 million.
    Exports totaled $2.29 million. There were no imports.

Namibia ranked No. 141 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 126.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Namibia by value through February were the categories of Low value shipments; Petroleum products; Misc. machinery for moving, grading; Binders for found molds; chemical products; and Sulfur, not sublimed, respectively. They accounted for 65.22 percent of total exports to Namibia.

The value of the top five categories of U.S. imports from Namibia –– Diamonds, not mounted; Granite, marble, other stones; Value added to a returned import; Collectors items of historic or botanic interest; and Parts for heavy machinery –– accounted for 95.25 percent of all inbound shipments.

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

  • Low value shipments fell 52.07 percent compared to last year to $4.49 million.
  • Petroleum products totaled $3.54 million. The previous year, there were no exports in this category.
  • Misc. machinery for moving, grading totaled $3.1 million. The previous year, there were no exports in this category.
  • Binders for found molds; chemical products fell 49.8 percent compared to last year to $2.93 million.
  • Sulfur, not sublimed rose 74.62 percent compared to last year to $2.29 million.

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

  • Diamonds, not mounted rose 11.42 percent compared to last year to $12.34 million.
  • Granite, marble, other stones rose 34.85 percent compared to last year to $537,098.
  • Value added to a returned import rose 1412.75 percent compared to last year to $266,653.
  • Collectors items of historic or botanic interest rose 462.84 percent compared to last year to $233,844.
  • Parts for heavy machinery totaled $225,000. The previous year, there were no imports in this category.

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.