- Namibia’s export earnings fell to N$10.7 billion in January, down from N$12.6 billion in December 2024
- Trade deficit widened to N$2.7 billion, driven by lower mining exports and higher import costs
Windhoek, Namibia – Namibia’s export revenue declined by 15% in January to N$10.7 billion ($577.3 million), down from N$12.6 billion ($680 million) in December 2024, according to trade data released on Tuesday by the country’s statistics agency. Meanwhile, the nation’s import bill rose by 5.7% to N$13.4 billion ($723 million), up from N$12.7 billion ($685 million) the previous month, primarily due to increased expenditures on petroleum oils, copper ores and concentrates, as well as aircraft and associated equipment.
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