DESPITE calls for the diversification of the local economy away from mining, the sector continues to dominate exports, with key mineral resources making up over N$4,4 billion of the N$8,1 billion export bill in February.
Diamonds, gold, uranium and copper continue to be shipped out of the country, and when spread over the first two months of the year, the export bill stands at a staggering N$7,6 billion.
Trade data the Namibia Statistics Agency released yesterday show that the country’s export bill of N$8,1 billion was still behind imports, which settled at N$8,4 billion for the month of February.
This leaves a trade deficit of N$412 million.Exports were mainly destined for South Africa (17,7%), Botswana (15,3%), China, Belgium and Zambia.The N$8,4 billion bill was mainly sourced from South Africa (46,2%), China (13,1%), India, the United Arab Emirates and the United States.The analysis of exports by commodities revealed that diamonds had the largest […]
Click here to view original web page at www.namibian.com.na
- Do contribute something to the discussion
- Do post factual information, analysis and your view on company valuations
- Do disclose if you have an interest in a security
- Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
- Do not complain about a post unless you have reported it first, and not on the forum.
- Do not post financial advice
- Do not advertise or post sponsored content
Come and join our community. Expand your network and get to know new people!