Namibia

Namibia ranked No. 148 in total trade value through June with a total of $69.38 million. Exports totaled $37.71 million and Imports totaled $31.67 million, a surplus of $6.04 million.

U.S. trade with Namibia rose to $69.38 million through June

Namibia’s trade with the United States rose to $69.38 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 55.29 percent below its total trade during the same time period last year. U.S. exports to Namibia decreased 43.17 percent while U.S. imports from Namibia fell 64.35 percent. The U.S. surplus with Namibia was $6.04 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 Savannah, Ga.; No. 4 Low-Valued Imports and Exports; and No. 5 Port of New Orleans. During the same period the previous year, the top five 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. In the current time period, the top five accounted for 79.43 percent of Namibia’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 51.48 percent to $25.25 million.
    Exports rose 12.38 percent to $2.78 million. Imports fell 54.67 percent to $22.47 million.
  • Trade with No. 2 Port of Houston fell 62.82 percent to $14.46 million.
    Exports fell 51.98 percent to $11.39 million. Imports fell 79.76 percent to $3.07 million.
  • Trade with No. 3 Port of Savannah, Ga. rose 109.63 percent to $6.74 million.
    Exports rose 88.94 percent to $6.03 million. Imports rose 2707.79 percent to $713,179.
  • Trade with No. 4 Low-Valued Imports and Exports fell 49.03 percent to $6.19 million.
    Exports fell 49.03 percent to $6.19 million. There were no imports.
  • Trade with No. 5 Port of New Orleans fell 88.28 percent to $2.47 million.
    Exports rose 204.54 percent to $2.21 million. Imports fell 98.69 percent to $268,167.

Namibia ranked No. 148 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 132.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Namibia by value through June were the categories of Low value shipments; Rubber tires; Wheat; Binders for found molds; chemical products; and Diamonds, not mounted, respectively. They accounted for 53.66 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; Returned exports, without change; Gold; and Make-up and skin-care products –– accounted for 91.25 percent of all inbound shipments.

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

  • Low value shipments fell 49.03 percent compared to last year to $6.19 million.
  • Rubber tires rose 33.23 percent compared to last year to $5.16 million.
  • Wheat rose 242.59 percent compared to last year to $3.38 million.
  • Binders for found molds; chemical products fell 77.1 percent compared to last year to $3.14 million.
  • Diamonds, not mounted rose 76.66 percent compared to last year to $2.36 million.

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

  • Diamonds, not mounted fell 57.86 percent compared to last year to $20.95 million.
  • Granite, marble, other stones rose 337.24 percent compared to last year to $3.57 million.
  • Returned exports, without change fell 81.77 percent compared to last year to $2.85 million.
  • Gold totaled $888,230. The previous year, there were no imports in this category.
  • Make-up and skin-care products rose 8863.6 percent compared to last year to $635,250.

In the latest annual figures available, Namibia recorded $338.73 million in trade with the United States. Total U.S. exports to Namibia were $ 194.64 million and imports from Namibia were $144.09 million. The U.S. surplus with Namibia was $50.55 million.