Namibia

Namibia ranked No. 142 in total trade value through March with a total of $46.41 million. Exports totaled $23.59 million and Imports totaled $22.82 million, a surplus of $768,804.

U.S. trade with Namibia rose to $46.41 million through March

Namibia’s trade with the United States rose to $46.41 million through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 26.07 percent below its total trade during the same time period last year. U.S. exports to Namibia decreased 32.25 percent while U.S. imports from Namibia fell 18.39 percent. The U.S. surplus with Namibia was $768,804.

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 Port of Savannah, Ga.; No. 4 Low-Valued Imports and Exports; and No. 5 Houston Int’l Airport. 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 Low-Valued Imports and Exports No. 4 Port of Port Arthur, Texas and No. 5 Port of Beaumont, Texas. In the current time period, the top five accounted for 81.61 percent of Namibia’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 21.59 percent to $20.82 million.
    Exports rose 85.77 percent to $2.5 million. Imports fell 27.33 percent to $18.32 million.
  • Trade with No. 2 Port of Houston fell 39.06 percent to $6.71 million.
    Exports fell 48.28 percent to $5.67 million. Imports rose 2635.67 percent to $1.03 million.
  • Trade with No. 3 Port of Savannah, Ga. rose 174.59 percent to $5.07 million.
    Exports rose 153.99 percent to $4.62 million. Imports rose 1650.88 percent to $444,724.
  • Trade with No. 4 Low-Valued Imports and Exports fell 41.25 percent to $3.71 million.
    Exports fell 41.25 percent to $3.71 million. There were no imports.
  • Trade with No. 5 Houston Int’l Airport rose 120.72 percent to $1.57 million.
    Exports rose 91.26 percent to $1.34 million. Imports rose 2134.01 percent to $229,500.

Namibia ranked No. 142 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 144.

Meanwhile, total U.S. trade with the world increased to $964.77 billion, down 4.16 percent compared to the same period last year. The nation’s exports dropped 3.07 percent to $395.69 billion; imports dropped 4.91 percent to $569.09 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 $173.4 billion, down compared to the same period of last year when the deficit was $190.25 billion.

The top five U.S. exports to Namibia by value through March were the categories of Rubber tires; Low value shipments; Diamonds, not mounted; Wheat; and Taps, cocks and valves for pipes, tanks, respectively. They accounted for 56.13 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; Precious stones; and Misc. vegetable fats, oils –– accounted for 97.75 percent of all inbound shipments.

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

  • Rubber tires rose 56.78 percent compared to last year to $4.25 million.
  • Low value shipments fell 41.25 percent compared to last year to $3.71 million.
  • Diamonds, not mounted rose 152.83 percent compared to last year to $2.36 million.
  • Wheat totaled $1.61 million. The previous year, there were no exports in this category.
  • Taps, cocks and valves for pipes, tanks rose 4466.82 percent compared to last year to $1.31 million.

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

  • Diamonds, not mounted fell 28.46 percent compared to last year to $17.88 million.
  • Granite, marble, other stones rose 254.69 percent compared to last year to $2.39 million.
  • Value added to a returned import rose 134.77 percent compared to last year to $1.14 million.
  • Precious stones rose 2641.29 percent compared to last year to $481,892.
  • Misc. vegetable fats, oils rose 221.27 percent compared to last year to $417,400.

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.