WINDHOEK, March 4 (Xinhua) -- Namibia recorded a trade deficit of 2.7 billion Namibian dollars (about 145.7 million U.S. dollars) in January 2025, a significant increase from the 129 million Namibian dollar deficit observed in the previous month, the Namibia Statistics Agency (NSA) reported on Tuesday.

The country's exports stood at 10.7 billion Namibian dollars in January, marking a 15-percent drop from December 2024 and a 7.9-percent decrease compared to the same month last year, NSA Statistician General Alex Shimuafeni said in the latest trade statistics bulletin.

According to the statistician, imports rose to 13.4 billion Namibian dollars, up 5.7 percent from December 2024 but 2 percent lower year-on-year.

South Africa remained Namibia's top trading partner, accounting for 22.8 percent of total exports and 29.5 percent of imports. The United States ranked second among export destinations with a 14-percent share, while China was Namibia's second-largest source of imports at 13.7 percent.

"Non-monetary gold was Namibia's largest exported commodity in January 2025, accounting for 17.1 percent of the total export of goods that was solely destined for South Africa. Uranium came second on the list accounting for 13.1 percent of the total exports, exclusively destined for the U.S. market," the report stated.

On the import side, petroleum oils and "copper ores and concentrates" took the first and second positions, both accounted for a share of 11.8 percent of total imports, followed by "aircraft and associated equipment" and motor vehicles for the transportation of goods with respective shares of 4.0 percent and 3.4 percent.

According to the report, most of Namibia's goods were exported by sea, followed by air and road. Imports were also mainly transported by sea, with road transport accounting for 44.3 percent and air for 2.6 percent.

Namibia was a net exporter of food items with a trade surplus of 264 million Namibian dollars, though it had a trade deficit of 161 million Namibian dollars in beverages. Enditem

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