Namibia Export Data
The Republic of Namibia is another name for Namibia. Southern Africa is the location of it. Namibia borders several nations and oceans, including Botswana to the east, Zambia and Angola to the north, and the Atlantic Ocean to the west. The driest nation in sub-Saharan Africa is Namibia. In terms of land area, Namibia is ranked fifteenth in Africa. In terms of area, Namibia is ranked 34th in the world. Namibia, a country located on the southwestern coast of Africa, boasts a diverse and growing economy. The export sector plays a crucial role in driving economic growth, creating job opportunities, and attracting foreign investment. To comprehend the dynamics of Namibia's export industry and identify potential business opportunities, it is essential to delve into Namibia's export data.
According to Namibian trade statistics for 2023, the country was the world's 118th-largest exporter of products. According to Namibia's export data, Namibian exports of goods were valued at $5.9 billion in 2023, a 9% decline from the previous year. Namibia’s current total GDP is $31 billion, and a GDP export share of 43.41%. The biggest Namibia export goods are precious stones and metals, while Namibia’s biggest export partner is Botswana. Botswana is a part of major trading blocs such as WTO and SACUM. Let us now explore the significance of Namibia's export data, its major export market, and its implications for the year 2023.