2023
Flag  
GDP
$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH
-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
 GDP
$12.4BCURRENT US$
Rnk 145 / 195
2013-2023
Flag
GDP GROWTH
2.56%CURRENT US$
Rnk 167 / 195
2023
Flag
GDP PC 
$13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH
-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC
$4,168CURRENT US$
Rnk 129 / 196
2013-2023
Flag
GDP PC GROWTH
-22%CURRENT US$
Rnk 180 / 195

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $33.1M in 2023.

In 2018, 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 2023 to $3.94M in 2018.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$129B
Namibia
Top Destination
South Africa$1.71B

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

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

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

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

Comparative Advantage Russia - Namibia

Flow
Scale

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

During 2023, Russia had a large net trade with Namibia in the exports of Transportation ($23.6M), Chemical Products ($8.46M), and Mineral Products ($628k).

During 2018, Namibia had a large net trade with Russia in the exports of Animal Products ($2.16M), Vegetable Products ($1.12M), and Paper Goods ($430k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Namibia+$324kSulphur
Top Product Potential Namibia Russia+$1.07MRefined Petroleum

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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Economic Complexity

Competitive Landscape

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

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

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