India / Namibia

Overview In January 2024, India exported $2.23M and imported $14.1M from Namibia, resulting in a negative trade balance of $11.9M. Between January 2023 and January 2024 the exports of India have decreased by $-9.42M (-80.9%) from $11.6M to $2.23M, while imports increased by $10.2M (266%) from $3.85M to $14.1M.

Trade In January 2024, the top exports of India to Namibia were Ship, Boat And Floating Struct ($9.09M), Drug Formulations, Biologicals ($1.58M), Indl. Machnry For Dairy Etc ($405k), Rice(Other Than Basmoti) ($236k), and Machine Tools ($113k). In January 2024 the top imports of India from Namibia were Iron And Steel ($3.4M), Other Commodities ($288k), Granit, Natrl Stone And Prodct ($93.4k), Pearl, Precs, Semiprecs Stones ($60.4k), and Telecom Instruments ($5.17k).

Growth In January 2024, the decrease in India's year-by-year exports to Namibia was explained primarily by an decrease in product exports in Drug Formulations, Biologicals ($-840k or -34.7%), Cereal Preparations ($-212k or -95.2%), and Electronics Instruments ($-199k or -99.5%). In January 2024, the increase in India's year-by-year imports  from Namibia was explained primarily by an increase in product imports  in Iron And Steel ($2.66M or 359%) and Other Commodities ($98k or 51.5%).