Namibia (NAM) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Namibia-Russia Trade: In 2023, Namibia exported $3.94M to Russia. The main products that Namibia exported to Russia were Molluscs ($2.15M), Grapes ($1.1M), and Paper Containers ($430k). Over the past 5 years the exports of Namibia to Russia have increased at an annualized rate of 27.4%, from $1.17M in 2018 to $3.94M in 2023.

In 2023, Namibia did not export any services to Russia.

Russia-Namibia Trade: In 2023, Russia exported $33.1M to Namibia. The main products that Russia exported to Namibia were Fishing Ships ($23.6M), Nitrogenous Fertilizers ($8.39M), and Refined Petroleum ($628k). Over the past 5 years the exports of Russia to Namibia have decreased at an annualized rate of 1.27%, from $35.3M in 2018 to $33.1M in 2023.

In 2020, Russia exported services to Namibia worth $367k, with Other business services ($272k), Transportation ($40k), and Computer and information services ($32k) being the largest in terms of value.

Comparison: In 2023, Namibia ranked 98 in the Economic Complexity Index (ECI -0.74), and 124 in total exports ($6.28B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Namibia exported $3.94M to Russia. The main products exported from Namibia to Russia were Molluscs ($2.15M), Grapes ($1.1M), and Paper Containers ($430k). During the last 5 years the exports of Namibia to Russia have increased at an annualized rate of 27.4%, from $1.17M in 2018 to $3.94M in 2023.

In 2018, Russia exported $33.1M to Namibia. The main products exported from Russia to Namibia were Fishing Ships ($23.6M), Nitrogenous Fertilizers ($8.39M), and Refined Petroleum ($628k). During the last 5 years the exports of Russia to Namibia have decreased at an annualized rate of 1.27%, from $35.3M in 2023 to $33.1M in 2018.

Exports from Namibia () to Russia () (2023)

Exports from Russia () to Namibia () (2023)

Latest Data

Trade between Namibia () and Russia ()

Namibia Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Namibia
Top DestinationSouth Africa$1.71B

Russia
Top DestinationChina$129B

This map shows whether countries import more from Namibia or Russia. Each country is colored based on the difference in imports they receive from Namibia and Russia or the difference in the growth in imports.

In 2023, countries that imported more from Namibia than Russia included South Africa ($1.71B), Botswana ($504M), and Zambia ($329M).

In 2023, countries that imported more from Russia than Namibia included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia () and Namibia () (2023)

Comparative Advantage Namibia - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Namibia and Russia by product, considering products traded by both, Namibia and Russia.

During 2023, Namibia had a large net trade with Russia in the exports of Animal Products ($2.16M), Vegetable Products ($1.12M), and Paper Goods ($430k).

During 2018, Russia had a large net trade with Namibia in the exports of Transportation ($23.6M), Chemical Products ($8.46M), and Mineral Products ($628k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Namibia Russia+$1.07MRefined Petroleum

Top Product Potential Russia Namibia+$324kSulphur

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Namibia worth $367k, with Other business services ($272k), Transportation ($40k), and Computer and information services ($32k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Namibia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Namibia and Russia. This means that a dot/product with the flag of Namibia indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Namibia.

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Historical Data

Bilateral Trade by Products

Exports from Namibia () to Russia () (2023)

Exports from Russia () to Namibia () (2023)

Latest Data

Trade between Namibia () and Russia ()

Namibia Exports

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Namibia () (2023)

Comparative Advantage Namibia - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to Namibia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Namibia () and Russia () (2023)

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