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Namibia

Namibia ranked No. 144 in total trade value through March with a total of $62.78 million. Exports totaled $34.82 million and Imports totaled $27.96 million, a surplus of $6.86 million.

January – March 2019

Top Trading Ports

Total Trade: $62.78 million

RankPortTotal YTD
1John F. Kennedy International Airport $26,551,406
2Port of Houston $11,008,402
3Low-Valued Imports and Exports $6,310,551
4Port of Port Arthur, Texas $3,539,087
5Port of Beaumont, Texas $2,293,057
6Port of Savannah, Ga. $1,846,030
7Port of New York $1,567,482
8Dulles International Airport, Washington D.C., Va. $1,410,393
9Port of Charleston $1,214,134
10Port of Baltimore, Md. $903,571

U.S. trade with Namibia rose to $62.78 million through March

Namibia’s trade with the United States rose to $62.78 million through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 47.12 percent below its total trade during the same time period last year. Namibia’s exports decreased 59.71 percent while imports fell 13.46 percent. The U.S. surplus with Namibia was $6.86 million.

Through March, 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 Baltimore, Md. and No. 5 Port of Houston. In the current time period, the top five accounted for 79.17 percent of Namibia’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 36.59 percent to $26.55 million.
    Exports fell 54.72 percent to $1.35 million. Imports rose 53.1 percent to $25.2 million.
  • Trade with No. 2 Port of Houston rose 10.15 percent to $11.01 million.
    Exports rose 10.21 percent to $10.97 million. Imports fell 5.64 percent to $37,832.
  • Trade with No. 3 Low-Valued Imports and Exports fell 60.24 percent to $6.31 million.
    Exports fell 60.24 percent to $6.31 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. 144 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 122.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Namibia by value through March were the categories of Low value shipments; Binders for found molds; chemical products; Petroleum products; Misc. machinery for moving, grading; and Rubber tires, respectively. They accounted for 58.74 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; Computer parts; and Collectors items of historic or botanic interest –– accounted for 95.57 percent of all inbound shipments.

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

  • Low value shipments fell 60.24 percent compared to last year to $6.31 million.
  • Binders for found molds; chemical products fell 45.72 percent compared to last year to $4.78 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.
  • Rubber tires rose 22.47 percent compared to last year to $2.71 million.

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

  • Diamonds, not mounted rose 52.08 percent compared to last year to $24.99 million.
  • Granite, marble, other stones rose 25.07 percent compared to last year to $672,796.
  • Value added to a returned import rose 780.48 percent compared to last year to $487,713.
  • Computer parts totaled $322,985. The previous year, there were no imports in this category.
  • Collectors items of historic or botanic interest rose 497.74 percent compared to last year to $248,344.

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.