NAMIBIA’S TRADE DEFICIT WIDENS IN Q1 2018

WINDHOEK-- Namibia's trade deficit worsened significantly by 71 per cent during the first quarter of 2018 as a result of lower exports.

The first quarter trade deficit amounted to 8.35 million Namibian dollars (NAD), or about 608,000 US dollars, compared with a deficit of 4.88 million NAD recorded during the same period last year, according to the latest quarterly trade statistics bulletin released by the Namibia Statistics Agency (NSA) here Tuesday.

Exports during the period were valued at 18.8 million NAD compared with 15.6 million NAD previously while imports rose to 27.2 million NAD from 20.5 million NAD in the first quarter of 2017.

Namibia's leading export markets were China, South Africa, Belgium, Botswana and Italy.

Source: NAM NEWS NETWORK