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Home Business & Economy

Namibia exports beer worth N$747m in 12 months

by editor
February 6, 2024
in Business & Economy
22
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Namibia exported beer worth N$747 million during the period from December 2022 to December 2023, highlighting the potential of the sector for the economy, latest data shows.

According to the latest Namibia Statistics Agency (NSA), Namibia’s beer exports targeted markets in South Africa, Angola, and Zambia.

December 2023 stood out as a particularly notable month, with Namibia exporting beer valued at N$98.1 million.

According to Alex Shimuafeni, Statistician General at NSA, despite fluctuations in export values throughout the year, Namibia’s overall export performance remained steady.

The year commenced on a high note, with December 2022 witnessing a peak in exports valued at N$119.2 million. Subsequent months experienced variations, with the lowest recorded export value of N$11.4 million in August 2023.

“On the analysis of commodity of the month, Namibia exported Beer worth N$98.1 million during the month under review,” Shimuafeni said.

He further explained that imports remained comparatively lower than exports with N$16 million worth of beer imported in December 2023, primarily sourced from South Africa and Germany.

Meanwhile, in December 2023, air transport emerged as the preferred mode for exporting goods, accounting for 47.8% of total exports.

Following closely behind, road transport accounted for 27.0% of total exports, sea transport contributed 25.2% to total exports.

“During December 2023, a total of N$5.5 billion, representing 47.8 percent of total exports left the country by Air translating into an increase of 36.2 percent when compared to November 2023,” Shimuafeni explained

He also said that for imports, road transport emerged as the dominant mode, constituting 48.2% of total imports.

Sea transport closely trailed behind with 47.6%, solidifying its role in facilitating the importation of bulk goods.

Air transport contributed 4.1 percent to the total despite being less prominent in imports.

“Road transportation was the common mode of transport used for imports during the month under review. Imports by road were valued at N$5.7 billion, representing 48.2 percent of all goods imported into the country,” he noted.

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