Namibia’s export basket for March 2026 was mainly composed of commodities from the mining sector, such as uranium, non-monetary gold, nickel ores and concentrates, and precious stones (diamonds).
Fish was the only non-mineral product among the top five exports.
Re-exports notably increased by 86.4 percent on a monthly basis and by 12.7 percent on an annual basis.
The re-export basket primarily comprised ‘nickel ores and concentrates,’ petroleum oils, ‘ores and concentrates of base metals,’ ‘made-up articles of textile materials,’ and ‘miscellaneous chemical products.’
On the other hand, the import basket mainly comprised petroleum oils, motor vehicles (for commercial purposes), nickel ores and concentrates, motor vehicles for the transportation of persons, and civil engineering and contractors’ equipment.
For March 2026, Namibia’s trade figures show exports amounting to N$13.2 billion, while imports were higher at N$15.5 billion.
This resulted in a trade deficit (a negative difference between the country’s exports and imports) of N$2.3 billion.
This development reflects an improved trade balance when compared to a N$5.2 billion deficit recorded a month earlier.
An analysis of Namibia’s top trading partners revealed that China emerged as the country’s largest market for exports, while South Africa maintained its position as the country’s main source.
The analysis is based on the Namibia Statistics Agency’s monthly trade statistics.
