trade statistics bulletin · 2018. 4. 29. · 4 trade statistics bulletin, june 2014 exports...

Trade Statistics Bulletin, June 2014 1

TRADE STATISTICS BULLETINJune, 2014

Namibia Statistics Agency

Est. by Statistics Act 9 of 2011

Trade Statistics Bulletin, June 20142

MISSION STATEMENT“In a coordinated manner we produce and disseminate relevant, quality and timely statistics that are

fit-for-purpose in accordance with international standards and best practice”

VISION STATEMENT“Be a high performance institution in statistics delivery”

CORE VALUESPerformance

IntegrityService focusTransparency

AccuracyPartnership


RevisionsRevisions to trade data are made on a monthly basis, once final figures are received. In some months, revisions are negligible while in other months they are significant. Table 1 shows the revisions made to the May 2014 data after more comprehensive data became available.

Total imports for the month of May were revised upward to N$8.3 billion from the initial estimate of N$5.3 billion. The major upward revision was mainly due to an upward revision in the value of vehicles and boilers to the tune of N$2.1 billion.

Table 1: Revision to the May 2014 trade statistics


ExportsNamibia exported goods worth N$2.7 billion during the month of June 2014, compared to N$4.6 billion worth of good exported one month earlier and N$4.2 billion during the same month of last year. The decrease observed in June was reflected in the values of commodities such as vehicles, zinc, and ores. The category of zinc recorded the highest decrease of N$293 million while revenue from vehicles exported fell to N$112 million when compared to N$341 million a month earlier.

Chart 1: Namibia’s monthly export performance

Fish, ores and precious stones (diamonds) continued to lead export commodities for Namibia in June, complimented by meat and beverages (Chart 2). These commodities accounted for 60.3 percent of total export earnings, up from 60.0 percent a month earlier, but down from 76.7 percent a year ago.

Chart 2: Top exports


Namibia’s export destinations in June 2014 were dominated by South Africa, Angola, Switzerland and Spain. Close to 20 percent of Namibian exports went to South Africa, followed closely by Angola and Switzerland with 14.6 percent and 14.3 percent, respectively.

Chart 3: Main export destinations

The leading regional export market for Namibia in the period under review was Non-SACU-SADC (Chart 4). It moved up three places from the fourth position last month to replace SACU in the first position. It accounted for 29.1 percent of total exports in June 2014, up 16.1 percent month-on-month and from 17.8 percent year-on-year.

Chart 4: Exports by economic regions


Road transport accounted for 56.4 percent of total exports in June 2014, an increase from 33.9 percent one month earlier and from 36.7 percent recorded in the same month of the preceding year.

Sea transport accounted for 41.8 percent of Namibia’s total exports, down from 59.5 percent during the previous month but up from 30.4 percent in the same month in 2013.

Air transport accounted for 1.7 percent of total export earnings during the period under review; this is a decline from 6.6 percent in the previous month and from 32.9 percent when compared with the same month a year earlier.

Chart 5: Exports by mode of transport

ImportsThe total value of imports is estimated to have declined to N$5.2 billion in June 2014 from N$ 8.3 billion during the previous month, representing a decline of 37 percent. However compared to the same month of the preceding years when only N$4.5 billion worth of goods were imported, the import bill increased by 14. 7 percent. The overall decline in the value of imports was largely reflected in the import value of mineral fuels and oil which declined by N$649 million during the month under review. Other items that contributed to the decline include expenditure on boilers that fell from N$1.1 billion a month ago to N$752 million and vehicles that fell by N$141 million.


Top commodities imported into Namibia during the month under review were: vehicles and boilers; articles of iron or steel; precious stones, mainly diamonds; and electrical machinery. The import bill for these commodities accounted for 48.9 percent of the total import expenditure during the month of June 2014.

Chart 7: Top import commodities

Chart 6: Namibia’s monthly import performance


The main countries from which Namibia imported goods during the month of June 2014 were South Africa, Germany, China and DRC (Chart 8). These markets accounted for 83.5 percent of total imports, up from 58.8 percent the previous month, and from 76.2 percent a year ago.

Chart 8: Origin of imports

During the month under review, Namibia received the majority of its imports from the SACU region (Chart 9). Expenditure on imports from SACU accounted for 80.8 percent of total imports. This contribution was significantly higher than the contribution of 48.3 percent recorded in the previous month, but slightly lower than 81.9 percent registered a year earlier.

Chart 9: Imports by economic regions


Road transport accounted for a staggering 85.7 percent of total imports in June 2014, up from 54.7 percent a month earlier and from 76.8 percent when compared to the corresponding month in 2013. Sea transport occupied the second place with 14.2 percent of total imports during the period under review, down from 45.1 percent in the previous month and up from 13.8 percent in the same month of the preceding year. Air transport accounted for 0.1 percent of total imports, down from 0.2 percent in the previous month and from 9.4 percent in the corresponding period of 2013.

Chart 10: Imports by mode of transport


Trade balanceDue to the movements in the country’s exports and imports as described in the main body of this report, Namibia trade balance recorded a deficit of N$2.3 billion in the month of June 2014. Although it was a recovery from the deficit of N$3.7 billion recorded in the previous month, it is still significantly higher than one year earlier and underscores the need to do more to stimulate the country’s exports.

Chart 11: Monthly Merchandise Trade Balance


AppendixTrade by fob values

Main export destinations

Main source of imports


Top exports

Top re-exports

Top imports


Export products to key markets


Import products from key markets


Trade by officeExports


Imports


Namibia Statistics Agency

Est. by Statistics Act 9 of 2011

Namibia Statistics Agency, P. O. Box 2133, Windhoek,FGI House, Post Street Mall

www.nsa.org.na

trade statistics bulletin · 2018. 4. 29. · 4 trade statistics bulletin, june 2014 exports...

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