Namibia earned N$10.1 billion from exports in February 2025, driven by the supply of uranium, non-monetary gold, fish and petroleum oils.
The country’s export earnings dropped by 5.1% from N$10.7 billion recorded in January 2025, leading to a trade deficit of N$2.0 billion following the country’s N$12.2 billion import bill, according to the Namibia Statistics Agency (NSA).
“The country’s export composition for February 2025 was concentrated in the mining sector, mostly by products such as Uranium, Non-monetary gold, Petroleum oils and Inorganic chemical elements and Fish being the only non-mineral product among the top five exported goods,” Statistician General and CEO Alex Shimuafeni said.
Namibia’s diamonds saw the largest decrease in export earnings, with a N$647 million drop, followed by copper and articles of copper, which dropped by N$268 million. Nickel and concentrates decreased by N$212 million while fruits and nuts fell by N$159 million.
On the other hand, Namibia’s import bill for copper ores and concentrates decreased by N$1.6 billion, aircrafts and associated equipment fell by N$487 million, fertilisers fell by N$144 million, tubes and pipes of iron or steel dropped by N$139 million while crude minerals decreased by N$65 million.
In February, NSA revealed that “Namibia imported wines worth N$67.2 million mostly sourced from South Africa and France while on the supply side, the country exported wines at a value of N$5.5 million and was mostly destined to Kenya and the DRC.”
Between February 2024 – February 2025, Namibia imported wines valued at N$76.7 million and exported the same worth N$7.0 million.
Manufacturing was Namibia’s largest export sector, valued at N$6.3 billion and contributing 62.2% share to the country’s total export earnings.
Despite this, NSA said exports of products from this sector decreased by N$354 million when compared to the previous month.
During February, Namibia recorded a trade surplus of N$1.1 billion against China, N$803 million against Zambia and N$521 million against France (N$521 million), however, trade deficits of N$2.1 billion were recorded against South Africa, N$1.1 billion against India and N$386 million against the DRC.
