Overview In 2019 Namibia was the number 135 economy in the world in terms of GDP (current US$), the number 102 in total exports, the number 113 in total imports, the number 104 economy in terms of GDP per capita (current US$) and the number 99 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Namibia are Raw Copper ($1.2B), Diamonds ($1.09B), Uranium and Thorium Ore ($713M), Gold ($620M), and Radioactive Chemicals ($476M), exporting mostly to China ($1.91B), South Africa ($1.26B), Botswana ($590M), Belgium ($455M), and Spain ($293M).

In 2019, Namibia was the world's biggest exporter of Uranium and Thorium Ore ($713M)

Imports The top imports of Namibia are Raw Copper ($1.05B), Refined Petroleum ($828M), Copper Ore ($394M), Refined Copper ($214M), and Delivery Trucks ($205M), importing mostly from South Africa ($3.54B), Zambia ($1.21B), China ($304M), India ($236M), and Bulgaria ($187M).

Location Namibia borders Angola, Botswana, South Africa, and Zambia by land.

Historical Data

#permalink to section

Yearly Exports

#permalink to section
Value
Compare to
Depth

Top Export (2019): Raw Copper, $1.2B

Top Destination (2019): China, $1.91B

In 2019, Namibia exported a total of $7B, making it the number 102 exporter in the world. During the last five reported years the exports of Namibia have changed by $302M from $6.7B in 2014 to $7B in 2019.

The most recent exports are led by Raw Copper ($1.2B), Diamonds ($1.09B), Uranium and Thorium Ore ($713M), Gold ($620M), and Radioactive Chemicals ($476M). The most common destination for the exports of Namibia are China ($1.91B), South Africa ($1.26B), Botswana ($590M), Belgium ($455M), and Spain ($293M).

Explore Visualizations

Yearly Imports

#permalink to section
Value
Compare to
Depth

Top Import (2019): Raw Copper, $1.05B

Top Origin (2019): South Africa, $3.54B

In 2019 Namibia imported $7.54B, making it the number 113 trade destination in the world. During the last five reported years the imports of Namibia changed by -$1.52B from $9.06B in 2014 to $7.54B in 2019.

The most recent imports of Namibia are led by Raw Copper ($1.05B), Refined Petroleum ($828M), Copper Ore ($394M), Refined Copper ($214M), and Delivery Trucks ($205M). The most common import partners for Namibia are South Africa ($3.54B), Zambia ($1.21B), China ($304M), India ($236M), and Bulgaria ($187M).

Explore Visualizations

Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Namibia Exports Services (2019): $543M

Namibia Imports Services (2019): $556M

In 2019, Namibia exported $543M worth of services. The top services exported by Namibia in 2019 were Personal travel ($326M), Transportation ($109M), Government services, n.i.e. ($30.9M), Financial services ($23.9M), and Business travel ($22.8M).

The top services imported by Namibia in 2019 were Other business services ($212M), Transportation ($136M), Personal travel ($51.1M), Government services, n.i.e. ($46.9M), and Computer and information services ($39.1M).

Tariffs by Product

#permalink to section

The top product import tariffs by their MFN Ad Valorem value for Namibia are Ethyl alcohol and other spirits, denatured (199k%) and Undenatured ethyl alcohol > 80% by volume (107k%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

*The tariffs applied to imports for Namibia are:
136: Most Favoured Nation duty rate treatement
163: Preferential tariff for Argentina
173: Preferential tariff for Brazil
217: Preferential tariff for European Free Trade Association (EFTA) countries
218: Preferential tariff for European Union countries
288: Preferential tariff for Paraguay
330: Preferential tariff for Uruguay
347: Regional Preferential tariff for SADC countries
371: Southern African Customs Union rate

Economic Complexity

#permalink to section

Most Specialized Products by RCA Index

#permalink to section

Namibia has a high level of specialization in Uranium and Thorium Ore (1.9k), Raw Copper (271), Other Sea Vessels (125), Radioactive Chemicals (112), and Wood Charcoal (88.6). Specialization is measured using RCA, an index that takes the ratio between Namibia observed and expected exports in each product.

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Namibia according to the product complexity index (PCI) are Acrylic polymers in primary forms (1.43), Converters, ladles, ingot moulds etc, for metallurgy (1.11), Cellulose, chemical derivatives nes in primary forms (0.71), Refractory brick, block, tile etc not siliceous-earths (0.48), and Cast articles, of iron or steel nes (0.44). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities for Namibia according to the relatedness index, are Crude Petroleum (0.12), Tin Ores (0.12), Wool (0.11), Other Oily Seeds (0.11), and Other Ores (0.11). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Namibia is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

#permalink to section

This network shows the products most related to the production structure of Namibia. These are products that tend to be co-exported with the products that Namibia exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

#permalink to section
Filter
Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking

#permalink to section
Scale

During the last 17 years Namibia's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨70th to the 99th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings