By: Nghinomenwa-vali Hangala
An analysis of Namibia’s 2024 trade dynamics with one of its main trade partners, China, shows that the country mostly exports raw minerals, and in return, it imports finished products.
This is in line with the overall picture of Namibia’s trade dynamics, which shows the same picture over the years, where the top 5 exports are mostly raw minerals.
Trade analyst Maria Immanuel, using the country trade statistics for 2024 with a focus on one of Namibia’s trade partners, China, revealed that 80% of Namibia’s exports to China are from the mining and quarrying sector, while 98% of Namibia’s imports from China are finished or manufactured products.
This highlights the country’s value addition and processing vulnerability.
Immanuel’s analysis shows that Namibia exported commodities from the mining and quarrying sector to China worth N$18 billion last year.
This export is dominated by uranium, which constitutes 88% of total exports, while importing N$17 billion worth of manufactured products from China.
Immanuel’s analysis mirrors various monthly reports from the Namibia Statistics Agency (NSA).
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