Namibia has recorded a trade deficit of N$4.3 billion for July 2022 as exports stood at N$7.3 billion against imports of N$11.6 billion, with the overall total trade coming in at N$18.9 billion.

Namibian companies have exported goods and services to the United States of America valued at N$43 million (US$2.7 million) over the past three years under the African Growth and Opportunity Act (AGOA).

Namibia has recorded a trade deficit of N$2.5 billion with the rest of the world, figures from the Namibia Statistics Agency show.

At a time when the country’s trade deficit was worsening to N$3,3 billion from the revised deficit of N$619 million, Namibians were busy importing trousers and breeches from South Africa.