[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · NAM · 2024
Namibia trade profile
In 2024, Namibia recorded $6.4B in merchandise exports and $7.7B in imports, producing a $1.3B trade deficit. Exports changed +11.1% from the previous year, while imports changed +3.0%.[1]
Exports
$6.4B
+11.1%
Imports
$7.7B
+3.0%
Trade balance
-$1.3B
deficit
Active partners
270
17 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$1.8B
HS 71 · Precious metals and stones
45 active HS6 lines · 60 export partners
2$1.4B
HS 26 · HS chapter
32 active HS6 lines · 34 export partners
3$880.9M
HS 28 · HS chapter
157 active HS6 lines · 48 export partners
4$780.0M
HS 03 · HS chapter
175 active HS6 lines · 74 export partners
5$308.3M
HS 27 · Mineral fuels and oils
38 active HS6 lines · 70 export partners
6$244.7M
HS 74 · HS chapter
48 active HS6 lines · 44 export partners
7$130.6M
HS 25 · HS chapter
65 active HS6 lines · 70 export partners
8$116.8M
HS 01 · HS chapter
24 active HS6 lines · 22 export partners
Leading export markets
Destinations rank bilateral export flows from Namibia; growth describes each corridor rather than the whole economy.
1$1.6B
China
Annual change +29.9% · 3-year CAGR 11.6%
2$1.2B
South Africa
Annual change +15.2% · 3-year CAGR 8.6%
3$741.9M
Botswana
Annual change -6.0% · 3-year CAGR 14.3%
4$305.3M
Spain
Annual change +8.4% · 3-year CAGR 4.2%
5$297.5M
Belgium
Annual change +23.1% · 3-year CAGR 12.0%
6$227.6M
United States
Annual change +120.9% · 3-year CAGR 21.9%
7$205.8M
Zambia
Annual change +12.0% · 3-year CAGR 25.1%
8$181.5M
United Arab Emirates
Annual change -17.7% · 3-year CAGR -7.1%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.