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TRADE STATISTICS BULLETIN April 2014 2
MISSION STATEMENT
In a coordinated manner we produce and disseminate relevant, quality and timely statistics that are fit-for-purpose in accordance with international standards and best practice
VISION STATEMENT
Be a high performance institution in statistics delivery
CORE VALUES
PerformanceIntegrity
Service focusTransparency
AccuracyPartnership
TRADE STATISTICS BULLETIN April 2014 3
Foreign merchandise trade statistics plays an important role in Namibia’s economy as it measures the values and quantities of goods that, by moving into or out of a country, add to or subtract from the national stock. Essentially they facilitate the formulation of monetary, fiscal, commercial and regional integration policies. More importantly, in
the Southern African Customs Union (SACU), reliable merchandise import statistics are crucial when it comes to revenue sharing among member states.
Since Namibia’s independence, government policy has been to: develop, promote and diversify the country’s exports. In this connection, the policy also helped to expand and consolidate market shares of existing markets and to penetrate the new markets. One of the goals was to reduce reliance on imports from one or two main trading partners.
Prior to independence, trade flow between Namibia and the rest of the world was not independently recorded. Since 1990, positive developments have taken place, both in the recorded transactions and the methods of recording. Comput-erization of procedures at the Directorate of Customs and Excise in the Ministry of Finance continues to enhance the time-ly dissemination and analysis of trade statistics through prompt transfer of captured trade data at Customs to the NSA. This bulletin presents the monthly merchandise trade data for April 2014, excluding data pertaining to import and export of electricity.
DR JOHN STEYTLER STATISTICIAN GENERAL Windhoek, March 2014
Preface
TRADE STATISTICS BULLETIN April 2014 4
TRADE STATISTICS BULLETIN April 2014 5
1. INTRODUCTION...................................................7
2. KEY DEVELOPMENTS...........................................7
2.1 REVISIONS...........................................................7
2.2 TRADE BALANCE..................................................7
2.3 EXPORTS TO KEY MARKETS.................................9
2.4 IMPORTS FROM KEY MARKETS...........................10
2.5 TOP EXPORTS......................................................11
2.6 RE-EXPORTS........................................................12
2.7 TOP IMPORTS......................................................13
3. TRADE BY ECONOMIC REGIONS..........................14
3.1 EXPORTS..............................................................14
3.2 IMPORTS..............................................................15
4. TRADE BY MODE OF TRANSPORT........................16
4.1 EXPORTS..............................................................16
4.2 IMPORTS.............................................................17
5. CONCLUSION.......................................................19
6. LIST OF TERMS AND DEFINITIONS.......................19
7. ACRONYMS..........................................................20
8. APPENDIX............................................................21
8.1 TRADE BY FOB VALUES........................................21
8.2 MAIN EXPORT DESTINATIONS.............................21
8.3 MAIN SOURCE OF IMPORTS................................21
8.4 TOP EXPORTS.....................................................22
8.5 TOP RE-EXPORTS................................................22
8.6 TOP IMPORTS ....................................................22
8.7 EXPORT PRODUCTS TO KEY MARKETS................23
8.8 IMPORT PRODUCTS FROM KEY MARKETS..........24
8.9 TRADE BY OFFICE................................................25
Table of Contents
TRADE STATISTICS BULLETIN April 2014 6
TRADE STATISTICS BULLETIN April 2014 7
The mandate of the Namibia Statistics Agency is to produce and disseminate relevant, quality and timely statis-tics, including data on imports to and exports from Namibia. This report presents a summary of trade statistics on merchandise imports and exports of Namibia as observed in April 2014.
Foreign trade statistics derived from records of trade flows across international borders are invaluable for the formulation of commercial, fiscal and monetary policies of any country. The basic information for the compila-tion of trade statistics is collected and captured based on import/export declarations made by traders.
2. Key developments2.1 Revisions
Revisions on trade data are made every month; this happens each time a new monthly data file is uploaded into the database after the processing of the monthly data has already closed for that particular month. In some months, revisions are negligible while in other months they are significant.
Table 1 shows the revisions made to the March 2014 data after the monthly data file for April 2014 was im-ported into the database.
2.2 Trade Balance
In April 2014, Namibia recorded total exports valued at N$3.5 billion and imports at N$5.7 billion, which result-ed in a merchandise trade deficit valued at N$2.2 billion. As a result, the deficit narrowed by 46.8 percent from a revised valued of N$4.1 billion in March 2014. April exports were N$765 million less than March exports of N$4.3 billion; similarly, April imports were N$2.7 billion less than March imports of N$8.4 billion. On a yearly basis, the deficit increased by 142.1 percent from N$900 million. Thus, the deficit continues to underscores Namibia’s dependence on imports, and her vulnerability to any slowdown in supply from the largest trading partner, South Africa.
The figures for March as published in the March report were revised upwards as a result of data that were uploaded in April as per Table 1, below.
Introduction
Table 1: March 2014 revisions
Revised Mar-‐14 As per Mar-‐14 report DifferenceExport 4,269 3,924 345 Import 8,367 6,391 1,976 Trade balance -‐4,098 -‐2,468 -‐1,630
Value (N$ m)Flow
TRADE STATISTICS BULLETIN April 2014 8
Overall, imports fell by 32.1 percent to N$5.7 billion from N$8.4 billion a month earlier. The decrease in imports reflects the weakening in domestic spending, mainly on boilers, vehicle, precious stones (diamonds) and min-eral fuels and oils. The import cost of the aforementioned commodities dipped by more than half, 55.8 percent to N$2.1 billion from N$4.7 billion the previous month and by 19 percent from N$2.6 billion a year earlier. In addition, the overall value of imported goods from South Africa alone declined by 15.3 percent to N$3.7 billion from N$4.4 billion a month ago, while the cost of imports from the Export Processing Zone declined by 25.3 percent to N$236 million from N$316 million the previous month. On the other hand, imports from Germany, China, Switzerland and Panama strengthened. The most increase observed was from Switzerland and was reflected in the import value of the category mineral fuels and oils, which increased to N$22 million from N$3 million a month earlier.
Similarly, export earnings plummeted 17.9 percent over the same period, month-on-month to N$3.5 billion from N$4.3 billion the previous month, as revenue from sales to all the major markets except Switzerland and the EPZ weakened. The slowdown in the growth of export revenue was driven by weakening sales of zinc, salt, sulphur; earths; stones and cement; fish, precious stones (diamonds) and vehicles to buyers from Neighbour-ing countries and overseas. Zinc export showed the most decline, by N$382 million, fish by N$219 million and precious stones (diamonds) by N$150 million. In addition, exports to Namibia’s largest market, South Africa declined the most, by N$185 million, Spain by N$128 million and the USA by N$67 million.
Export revenue from the category other countries, fell significantly, by N$681 million from N$1.3 billion the previous month. Similarly, overall export earnings slid by 24.1 percent from N$4.6 billion recorded in the same month of the preceding year. On the other hand, export earnings from Switzerland and the EPZ rose by 33.8 percent to N$1.1 billion from N$855 million a month ago. The upswing in exports to Switzerland was due to increased demand for copper and ores, while the cause for growth in exports to the EPZ was mainly reflected in increased export revenues for precious stones (diamonds), which rose by 23 percent to N$246 from N$200 million a month earlier.
Chart 1: Monthly Merchandise Trade Balance
-‐900 -‐1,011
-‐276
-‐1,506
-‐2,848
367
-‐1,068
-‐2,004
-‐5,429
-‐1,725-‐1,518
-‐4,098
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-‐6,000
-‐5,000
-‐4,000
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Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2013 2014
Value (N$ m)
TRADE STATISTICS BULLETIN April 2014 9
Chart 2: Main export destinations
2.3 Exports to key markets
Namibia’s export market in April 2014 was dominated by Switzerland, South Africa, USA and Angola. The EPZ also contributed significantly towards Namibia’s export earnings (Chart 2). These export markets accounted for 68.2 percent of total export earnings, up from 56 percent the previous month, and from 37 percent a year ago. Export earnings from these markets advanced slightly by 0.05 percent to N$2.392 billion as compared to N$2.391 billion a month ago. When compared to the same month of the preceding year, export revenue from these markets grew significantly by 39.8 percent from N$ 1.7 billion.
The decline in export revenue for April 2014 reflects falling external demand from Spain, Zambia, South Africa and the USA. Reduced exports to Spain was reflected in the value of fish, which fell to N$146 million from N$275 million a month ago, while for Zambia, the fall in exports was revealed in the value of exported vehicles, rubber and articles thereof which dropped from N$31 million a month ago to N$9 million in April 2014. In ad-dition, the drop in the overall export value to South Africa can be attributed to weakening values of exported precious stones (diamonds), boilers, meat and fish, while fur skins, used personal effects, works of art and ores dented the value of exports to the USA.
Interestingly, Switzerland moved up one place to replace South Africa as Namibia’s preferred export market, as export revenue from Switzerland grew by 37.1 percent to N$897 million compared to N$655 million a month earlier. This was shown in the growing demand for ores and copper by Switzerland. Similarly, the EPZ moved up two places to replace Spain as Namibia’s fifth export destination, as revenue from sales to the EPZ grew by 23 percent to N$246 million from N$200 million last month. The growth was shown in the value of exported precious stones (diamonds) to the EPZ. On the other hand, South Africa moved down one place to occupy the second position, as revenue from sales to South Africa slid by 25.5 percent to N$540 million from N$726 million a month ago. In addition, Spain moved one place down to replace China to occupy the sixth position
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TRADE STATISTICS BULLETIN April 2014 10
Chart 3: Main sources of imports
as Namibia’s export market. This was shown by weakening external demand by Spain from N$277 million the previous month to N$149 million.
2.4 Imports from key markets
The main countries from which Namibia imported goods during the month of April 2014 were South Africa, Panama, Germany and China. The EPZ also contributed immensely as Namibia’s source of imports (Chart 3). These markets accounted for 85.5 percent of total imports, down from 60.7 percent the previous month, and from 78.5 percent a year ago. The import bill from these markets declined by 4.3 percent to N$4.9 billion from N$5.1 billion a month ago, when compared to the same month of the preceding year, the cost of imported goods from the aforementioned markets grew by 12.1 percent from N$3.3 billion.
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The decline on the import bill reveals dwindling domestic demand for commodities largely supplied by the USA, DRC, India, EPZ and SADC’s largest economy, South Africa. In terms of actual value, the most observed drop in the overall import value was from India, which declined by N$770 million, from South Africa by N$676 million and from the USA by N$287 million. The decline in imports from India was mostly shown by the value of products such as articles of iron or steel, pharmaceutical products and plastics and articles thereof, while the decline in imported goods from South Africa was attributed to weakening domestic demand for vehicles, mineral fuels and oils and; plastics and articles thereof. In addition, boilers, plastics and articles thereof and; electrical machinery contributed to the overall decline in imports from the USA.
Panama replaced Switzerland as Namibia’s second largest market for her imports following a once off ship-ment of the category ship, boats and floating structures to the value of N$448 million. The EPZ maintained the third position as Namibia’s major import market, while DRC moved two places up from the eighth posi-tion to the sixth position as Namibia’s source of imports, replacing Germany which moved up two places to occupy the fourth position. On the other hand, the value of imports from Switzerland, Germany and China strengthened. The growth in imports from Switzerland is subsequent to a once off shipment of sulphur valued
TRADE STATISTICS BULLETIN April 2014 11
Chart 4: Top five exports
at N$50 million, while the growth in imports from Germany can be attributed to commodities such as boilers and electrical machinery, whose combined value rose by 143.9 percent to N$197 million from N$81 million the previous month. Moreover, the growth in imports from China can be attributed to domestic demand of organic compounds and boilers which improved by 35.9 percent and 19.4 percent, respectively.
2.5 Top exports
Namibia’s top five leading export commodities during the month of April 2014 were ores, fish, precious stones (diamonds), copper and vehicles (Chart 4). These commodities accounted for 70.6 percent of total export earn-ings, up from 59.3 percent a month earlier, but down from 73.7 percent a year ago. Export revenue from these commodities dipped by 2.3 percent as revenue from sales weakened to N$2.3 billion from N$2.5 billion the previous month and from N$3.4 billion last year.
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The overall value of imports dropped by N$765 million compared to N$4.3 billion recorded in March 2014 and from N$4.6 billion in the corresponding month of the preceding year. The decline observed in April was reflect-ed in the values of commodities such as zinc, fish precious stones (diamonds) and the category of salt; sulphur; earths; stone and cement. Zinc exports declined the most by 81.2 percent to N$88 million from N$470 million the previous month. It moved down five places to occupy the eighth position as Namibia’s major export com-modity, subsequent to low demand from Switzerland and China whose import of zinc amounted to N$408 mil-lion a month ago, while there was no shipment of zinc to these countries recorded in the period under review.
Exports of the category salt; sulphur; earths; stone and cement fell by 36.2 percent to N$84 million from N$132 million the previous month due to declining external demand from Germany, South Africa, Nigeria and Italy. In addition, falling exports was also reflected in the export value of precious stones (diamonds) that fell by N$150 million, as demand from Germany, Switzerland, South Africa, Italy and Viet-Nam deteriorated. Other items that contributed toward the fall in the overall value of exports include fish and vehicles.
TRADE STATISTICS BULLETIN April 2014 12
On the other hand, exports of copper grew to N$419 million, this figure represents 109.6 percent or N$219 million increase over what it was a month ago, and is N$200 million (91.1 percent) more than what it was back in April 2013, this follows external demand from Switzerland which advanced to N$415 million from N$197 million a month ago. In addition, the growth rate in the export value of ores was underpinned by Switzerland’s demand that increased to N$430 million from N$132 million the previous month. The growth rate was also observed in commodities such as meat, live animals and the category beverages, spirits and vinegar.
2.6 Re-exports
Namibia’s top commodities re-exported during the month under review include vehicles; boilers; electrical machinery; optical; photographic; medical or surgical instruments and; aircrafts and space crafts (Chart 5). These commodities accounted for 95.1 percent of total re-exports, down from 95.9 percent a month earlier, but up from 93.8 percent a year ago. The overall value of these commodities in April stood at N$72 million, this figure represent 53.7 percent or N$83 million decline over what it was last month. When compared to the corresponding month of 2013, it fell by 21 percent from N$91 million.
The most declines were shown in the values of re-exported optical; photographic; medical or surgical instru-ments which fell by N$38 million, vehicles by N$23 million and boilers by N$16 million.
The decline in re-exported optical; photographic; medical or surgical instruments is subsequent to deteriorat-ing demand from South Africa which fell by 96.2 percent to N$1 million from N$40 million a month earlier, while the fall in the value of re-exported vehicles was due to low demand from Angola that fell by 22.6 percent to N$2 million from N$3 million the previous month. In addition, South Africa and Angola’s falling demand for boilers dented re-exports of this commodity.
Chart 5: Top five re-exports
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TRADE STATISTICS BULLETIN April 2014 13
Chart 6: Top five imports
2.7 Top imports
Namibia’s top five imported commodities during the month of April 2014 were boilers; vehicles; ships, boats and floating structures; electrical machinery and; articles of iron or steel (Chart 5). The import bill for these commodities accounted for 48.7 percent of total import expenditure, up from 31.3 percent a month earlier and from 32.6 percent a year ago. The cost of importing these commodities was N$2.8 billion, which trans-lates into a 5.6 percent or N$147 million growth compared to last month when the import bill of these identi-cal commodities was N$2.6 billion. When compared to the same period of the preceding year, the import bill advanced immensely by 53.9 percent from N$1.8 billion.
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The overall decline in the value of imports was largely reflected in the import value of mineral fuels and oils which fell the most, by N$2.2 billion subsequent to weakening domestic demand from South Africa, which slid by 73 percent to N$137 million compared to N$514 million, last month. Consequently, mineral fuels and oils moved four places from the third place last month to occupy the seventh place as Namibia’s most imported commodity by value. In addition, the most declines were also reflected in the values of boilers which fell by N$194 million and vehicles by N$153 million as domestic demand for these commodities mostly from South Africa, USA, Canada, Germany, UK, and China deteriorated. Vehicle imports from Botswana contracted slightly by 4.5 percent to N$10 million from N$11 million the previous month, when compared to the same month in 2013, imports of vehicles from Botswana rose significantly by 78.6 percent from N$6 million.
Contrary to the decline, imports of the category ships, boats and floating structures grew the most, by N$480 million to N$482 million in April from N$2 million the previous month. This follows a once off shipment of this commodity from Panama which was valued at N$448 million. Imports of electrical machinery rose by 9.7 per-cent to N$352 million from N$321 million last month, subsequent to strengthening domestic demand mostly from South Africa, China, Germany and Denmark.
TRADE STATISTICS BULLETIN April 2014 14
3. Trade by economic regions
3.1 Exports
The leading regional export market for Namibia in the period under review was the European Free Trade As-sociation EFTA (Chart 6). It moved up three places from the fourth position last month to replace SACU on the first position. It accounted for 25.7 percent of total exports in March 2014, up from 15.4 percent month-on-month and 10.1 percent year-on-year. The value of export revenue from SACU rose by 36.5 percent to N$900 million from N$695 million the previous month, and from N$467 million when compared to the corresponding month of the preceding year. The growth in exports to the EFTA region was reflected in the values of ores and copper.
The Non-SACU-SADC region was the second largest export market for Namibia, accounting for 16.8 percent of total exports. This is lower than 17.1 percent last month and 9.1 percent a year ago. The value of exports from this region slid by 19.1 percent as revenue from sales weakened to N$590 million from N$730 million a month earlier and from N$662 million in the corresponding month of the preceding year. The decline in exports to this region was shown in the values of vehicles, boilers and fish.
The SACU region occupied the third position as Namibia’s important export destination. It accounted for 16.6 percent of total exports; this is lower than 19.5 percent a month earlier and much lower than the 27.2 percent recorded last year. Export revenue from this region fell by 30.1 percent to N$581 million from N$832 million a month ago. When compared to the same month last year, exports fell significantly by N$677 million from N$1.3 billion. The drop in export revenue was due to weakening demand for commodities such as: fish, meat and precious stones (gold).
In addition, the EU, Common Market for Eastern and Southern Africa (COMESA) and BRIC (Brazil, Russia, India and China) also contributed significantly towards Namibia’s export revenue. When compared to other regions, the EAC’s contributions to Namibia’s export earnings remain insignificant.
Other countries outside the listed economic regions also contributed significantly towards Namibia’s export revenues, however, the percentage contribution of this category fell by 16.9 percent to N$591 million from N$916 million in the previous month, as shown in chart 6 below.
TRADE STATISTICS BULLETIN April 2014 15
Chart 7: Exports by economic regions
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3.2 Imports
During the month under review, Namibia mostly imported from SACU compared to other economic regions (Chart 7). Import expenditure from SACU amounted to N$3.8 billion, this figure represent 66.6 percent of total imports; this was higher than its percentage contribution of 53.4 percent re-corded in the previous month but lower than 63.7 percent registered a year earlier. Imports from the SACU region fell by 15.3 percent from N$4.5 billion the previous month. When compared to the same month of last year, the import bill from this region fell slightly by 6.1 percent from N$4 billion.
The EU was the second largest import market for Namibia in April 2014. It accounted for 8 percent of total import expenditure, down from 21.2 percent a month ago, but up from 5.7 percent a year earlier. Overall, import expenditure to the EU slid 74.4 percent to N$455 million from N$1.8 billion a month ago. When compared to the corresponding month of the preceding year, it advanced by 45.3 percent from N$313 million year-on-year.
BRIC occupied the third position as Namibia’s source of imports. It accounted for 4.7 percent of total import expenditure, down from 11.9 percent a month earlier, but up from 3.9 percent on a yearly ba-sis. The overall import value from this region dropped by 73.1 percent to N$269 million from N$998 million a month ago, but advanced 26.1 percent from N$213 million a year earlier. Expenditure on imports from COMESA and Non-SACU-SADC fell by 13.1 percent as domestic demand from these markets weakened to N$410 million compared to N$472 million a month earlier.
Import expenditure to other countries outside the listed economic regions accounted for 3.3 percent of total imported goods, down from 6.5 percent the previous month, but up from 3 percent the pre-vious year. Overall, import expenditure from other countries declined by 65.9 percent from N$544 million a month earlier to N$186 million. When compared to the same month of the preceding year, it advanced 11.9 percent from N$166 million, as shown in Chart 8.
TRADE STATISTICS BULLETIN April 2014 16
Chart 8: Imports by economic regions
4. Trade by mode of transport
4.1 Exports
Sea transport accounted for 52.9 percent of total exports in April 2014, a decline from 50.2 percent one month earlier and from 475.3 percent recorded in the same month of the preceding year. The overall value of exports via sea transport slid 13.5 percent to N$1.9 billion compared to N$2.1 billion a month earlier. When compared to the same period of last year, there was a 15.2 percent decline from N$2.2 billion.
Road transport accounted for 39.4 percent of Namibia’s total exports, up from 37 percent in the previous month and from 30.6 percent in the same month in 2013. The value of exports via road dipped by 12.7 percent as exporter’s demand for the use of road lessened to N$1.4 billion compared to N$1.6 billion a month earlier, when compared to a year earlier, the decline was by 2.4 percent from N$1.4 billion.
Air transport accounted for 7.5 percent of total export earnings during the period under review; this is a decline from 12.5 percent in the previous month and from 21.9 percent when compared with the same month a year earlier.
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TRADE STATISTICS BULLETIN April 2014 17
Chart 9: Exports by mode of transport
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4.2 Imports
Road transport accounted for 73 percent of total imports in April 2014, up from 53.3 percent a month earlier and from 62.8 percent when compared to the corresponding month in 2013. Imports via road declined slightly month-on-month by N$312 million, whereas a significant increase was noted year-on-year, from N$3.5 billion to N$4.5 billion in April 2014.
Sea transport occupied the second place with 25.8 percent of total imports during the period under review, down from 43 percent in the previous month and down from 28.1 percent in the same month of the preceding year. Imports via sea fell sharply, by 145.4 percent to N$1.5 billion from N$3.6 billion month-on-month, but increased slightly from N$1.6 billion year-on-year.
Air transport accounted for 0.7 percent of total imports, down from 3.4 percent in the previous month and from 7.1 percent in the corresponding period of 2013.
TRADE STATISTICS BULLETIN April 2014 18
Chart 10: Imports by mode of transport
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TRADE STATISTICS BULLETIN April 2014 19
5. Conclusion
In April 2014, Namibia’s trade balance recorded a deficit valued at N$2.2 billion. This reflects a contracting gap when compared to the deficit valued at N$4.1 billion a month earlier; on the other hand, the deficit shows a widening gap of N$859 million in the same month of the preceding year. The narrowing in the April deficit can be attributed to falling demand in imports of mineral fuels and oils, precious stones (diamonds), boilers and vehicles.
During the period under review, Namibia’s key export markets in terms of importance were Switzerland, South Africa, USA, Angola, and the EPZ. On the other hand, Namibia’s imports were mainly sourced from South Af-rica, Panama, the EPZ, Germany and China.
Major exported commodities comprised ores, fish, precious stones (diamonds), copper and vehicles. Major imports included vehicles, boilers, electrical machinery, Optical, cinematographic, medical or surgical instru-ments and; aircrafts, space crafts and articles thereof.
In terms of economic regions, Namibia’s exports were mostly destined to EFTA, Non SACU-SADC, SACU, the EU, and COMESA. Imports were mainly sourced from the same economic regions with SACU topping the list followed by the EU, BRIC and Non-SACU-SADC.
Namibia mostly exported her commodities by sea, road and air, respectively, while imported commodities were transported by road, sea and air respectively.
6. List of terms and definitions
Export Processing Zone (EPZ): An Export Processing Zone (EPZ) is a Customs area where one is allowed to import machinery, equipment and material for the manufacture of export goods under security, without pay-ment of duty. The imported goods are subject to customs control at importation, through the manufacturing process, to the time of sale/export, or duty payment for home consumption.
Trade Balance: The commercial balance or net exports (sometimes symbolized as NX), is the difference be-tween the monetary value of exports and imports of output in an economy over a certain period.
Trade Deficit: Is an economic measure of a negative trade balance in which a country’s imports exceeds its exports.
Trade Surplus: Is an economic measure of a positive trade balance in which a country’s exports exceeds its imports.
TRADE STATISTICS BULLETIN April 2014 20
7. Acronyms
BRIC Brazil, Russia, India and China
COMESA Common Market for Eastern and Southern Africa
DRC Democratic Republic of Congo
EAC East African Community
EFTA European Free Trade Association
EPZ Export Processing Zone
EU European Union
SACU Southern African Customs Union
SADC Southern African Development Community
TRADE STATISTICS BULLETIN April 2014 21
8. Appendix
8.1 Trade by fob values
8.2 Main export destinations
8.3 Main source of imports
EX (N$ m) Share IM (N$ m) Share EX (N$ m) Share IM (N$ m) ShareMarch 4,269 54.9 7,772 59.4 4,574 49.7 5,136 49.7 April 3,505 45.1 5,313 40.6 4,620 50.3 5,206 50.3 Total 7,774 100.0 13,085 100.0 9,194 100.0 10,342 100.0
2014 2013Month
Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share Monthly AnnuallySwitzerland 897 25.6 655 15.3 464 10.0 37.1 93.5South Africa 540 15.4 726 17.0 616 13.3 -‐25.5 -‐12.3USA 377 10.8 444 10.4 71 1.5 -‐15.1 433.2Angola 331 9.5 367 8.6 334 7.2 -‐9.6 -‐0.9Export Processing Zone 246 7.0 200 4.7 226 4.9 23.0 9.1Spain 149 4.2 277 6.5 233 5.0 -‐46.3 -‐36.2France 136 3.9 19 0.4 272 5.9 623.6 -‐49.9Zambia 102 2.9 158 3.7 96 2.1 -‐35.4 6.1Belgium 75 2.1 86 2.0 145 3.1 -‐13.7 -‐48.6DRC 69 2.0 75 1.8 87 1.9 -‐8.1 -‐21.1Other countries 583 16.6 1,264 29.6 2,076 44.9 -‐53.9 -‐71.9Total 3,505 100.0 4,269 100.0 4,620 100.0 -‐17.9 -‐24.1
Apr-‐14 Mar-‐14 Apr-‐13 Percentage changePartner
Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share Monthly AnnuallySouth Africa 3,742 65.8 4,418 52.8 3,839 69.5 -‐15.31 -‐2.53Panama 448 7.9 -‐ -‐ -‐ -‐ -‐ -‐Export Processing Zone 236 4.2 316 3.8 235 4.3 -‐25.30 0.46Germany 230 4.0 178 2.1 68 1.2 29.10 237.06China 202 3.6 165 2.0 191 3.5 22.67 5.98DRC 125 2.2 162 1.9 0 0.0 -‐22.45 5,229,017.04Switzerland 75 1.3 11 0.1 65 1.2 555.87 14.50USA 71 1.2 358 4.3 46 0.8 -‐80.21 55.18India 55 1.0 825 9.9 21 0.4 -‐93.33 161.21Zambia 50 0.9 47 0.6 61 1.1 5.97 -‐17.57Other countries 451 7.9 1,887 22.5 995 18.0 -‐76.12 -‐54.72Total 5,684 100.0 8,367 100.0 5,521 100.0 -‐32.06 2.97
Apr-‐14 Mar-‐14 Apr-‐13 Percentage changePartner
TRADE STATISTICS BULLETIN April 2014 22
8.4 Top exports
8.5 Top re-exports
8.6 Top imports
Percentage changeValue (N$ m)Share Value (N$ m)Share Value (N$ m)Share Monthly Annually
Ores 875 25.0 743 17.4 1,089 23.6 17.8 -‐19.7Fish 522 14.9 741 17.3 722 15.6 -‐29.5 -‐27.7Precious stones (diamonds) 503 14.3 652 15.3 1,202 26.0 -‐22.9 -‐58.2Copper 419 12.0 200 4.7 219 4.7 109.6 91.1Vehicles 155 4.4 198 4.6 172 3.7 -‐21.7 -‐10.0Beverages, Spirits and Vinegar 105 3.0 88 2.1 164 3.6 19.1 -‐35.9Meat and edible meat offal 94 2.7 87 2.0 125 2.7 7.9 -‐24.3Zinc 88 2.5 470 11.0 216 4.7 -‐81.2 -‐59.1Salt, sulphur; earths; stone and cement 84 2.4 132 3.1 89 1.9 -‐36.2 -‐5.0Live animals 84 2.4 73 1.7 112 2.4 14.4 -‐25.2Other commodities 575 16.4 885 20.7 510 11.0 -‐35.0 12.7Total 3,505 100.0 4,269 100.0 4,620 100.0 -‐17.9 -‐24.1
Apr-‐14 Mar-‐14 Apr-‐13HS and commodity descriptions
Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share Monthly AnnuallyVehicles 33.97 45.0 57.26 35.4 30.33 31.3 -‐40.7 12.0Boilers 22.64 30.0 38.94 24.0 37.48 38.7 -‐41.9 -‐39.6Electrical machinery 11.66 15.4 16.24 10.0 12.66 13.1 -‐28.2 -‐7.9Optical, cinematographic, medical or surgical instruments 1.86 2.5 40.16 24.8 4.58 4.7 -‐95.4 -‐59.4Aircraft, spacecraft and parts thereof 1.70 2.2 2.63 1.6 5.85 6.0 -‐35.5 -‐71.0Plastics and articles thereof 0.98 1.3 1.86 1.1 0.01 0.0 -‐47.2 19,293.4Musical instruments 0.75 1.0 0.02 0.0 0.13 0.1 4,512.8 491.0Articles of iron or steel 0.52 0.7 1.46 0.9 0.33 0.3 -‐64.4 58.3Arms and ammunition 0.43 0.6 0.68 0.4 0.87 0.9 -‐37.6 -‐51.0Articles of apparel and clothing 0.30 0.4 0.00 0.0 -‐ -‐ 109,918.7 -‐ Other commodities 0.70 0.9 2.68 1.7 4.73 4.9 -‐73.8 -‐85.2Total 75.50 100.00 161.94 100.00 96.96 100.00 -‐53.38 -‐22.13
Percentage changeHS and commodity descriptions Apr-‐14 Mar-‐14 Apr-‐13
Percentage changeValue (N$ m)Share Value (N$ m)Share Value (N$ m)Share Monthly Annually
Boilers 899 15.8 1,093 13.1 582 10.5 -‐17.8 54.4Vehicles 784 13.8 937 11.2 646 11.7 -‐16.4 21.4Ships, boats and floating structures 482 8.5 2 0.0 2 0.0 20,725.5 22,667.2Electrical machinery 352 6.2 321 3.8 364 6.6 9.7 -‐3.2Articles of iron or steel 250 4.4 265 3.2 203 3.7 -‐5.9 22.9Precious stones (diamonds) 237 4.2 316 3.8 438 7.9 -‐24.9 -‐46.0Mineral fuels and oils 165 2.9 2,370 28.3 906 16.4 -‐93.1 -‐81.8Beverages, Spirits and Vinegar 144 2.5 150 1.8 104 1.9 -‐3.7 39.3Copper 142 2.5 195 2.3 54 1.0 -‐27.1 162.8Plastics and articles thereof 129 2.3 183 2.2 119 2.2 -‐29.5 8.5Other commodities 2,101 37.0 2,534 30.3 2,102 38.1 -‐17.1 0.0Total 5,684 100.0 8,367 100.0 5,521 100.0 -‐32.1 3.0
HS and commodity descriptions Apr-‐14 Mar-‐14 Apr-‐13
TRADE STATISTICS BULLETIN April 2014 23
8.7 Export products to key markets
Value (N$ m)Share Value (N$ m)Share Value (N$ m)ShareOres 430.36 48.0 131.99 20.2 313.68 67.7Copper 415.03 46.3 197.29 30.1 143.29 30.9Precious stones (diamonds) 50.44 5.6 121.02 18.5 -‐ 0.0Inorganic chemicals 1.23 0.1 -‐ -‐ 0.64 0.1Fish 0.09 0.0 0.16 0.0 0.10 0.0Other 0.05 0.0 204.09 31.2 5.87 1.3Total 897.20 100.0 654.55 100.0 463.57 100.0
Value (N$ m)Share Value (N$ m)Share Value (N$ m)ShareFish 86.18 16.0 100.52 13.9 96.33 15.6 Live animals 69.87 12.9 59.63 8.2 105.98 17.2 Meat 61.50 11.4 66.66 9.2 74.05 12.0 Beverages, Spirits and Vinegar 43.32 8.0 40.69 5.6 98.22 15.9 Preparations of meats, of fish 41.33 7.7 32.08 4.4 23.57 3.8 Other 238.09 44.1 426.00 58.7 218.19 35.4 Total 540.30 100.0 725.58 100.0 616.33 100.0
Value (N$ m)Share Value (N$ m)Share Value (N$ m)ShareOres 313.86 83.3 383.82 86.5 -‐ -‐ Precious stones (diamonds) 61.68 16.4 54.27 12.2 65.51 92.7 Boilers 0.60 0.2 0.02 0.0 0.73 1.0 Wood and articles thereof 0.19 0.1 0.21 0.0 0.00 0.0 Other 0.31 0.1 5.54 1.2 4.43 6.3 Total 376.81 100.0 443.86 100.0 70.67 100.0
Value (N$ m)Share Value (N$ m)Share Value (N$ m)ShareVehicles 90.61 27.3 115.06 31.4 96.59 28.9 Electrical machinery 33.44 10.1 32.49 8.9 19.50 5.8 Boilers 29.14 8.8 28.88 7.9 26.38 7.9 Furniture; bedding and mattresses 26.85 8.1 29.29 8.0 32.43 9.7 Fish 18.96 5.7 20.22 5.5 17.43 5.2 Other 132.43 40.0 140.74 38.4 142.15 42.5 Total 331.43 100.0 366.67 100.0 334.49 100.0
HS and commodity descriptions
Apr-‐13
Apr-‐14 Mar-‐14 Apr-‐13
SwitzerlandApr-‐14 Mar-‐14 Apr-‐13
South Africa
United States of America
Angola
HS and commodity descriptions
HS and commodity descriptions
HS and commodity descriptions Apr-‐14 Mar-‐14 Apr-‐13
Apr-‐14 Mar-‐14
Value (N$ m)Share Value (N$ m)Share Value (N$ m)SharePrecious stones (diamonds) 246.09 100 200.01 100.0 225.51 100.0 Other -‐ -‐ 0.00 0.0 -‐ -‐ Total 246.09 100 200.02 100.0 225.51 100.0
Export Processing ZoneHS and commodity descriptions Apr-‐14 Mar-‐14 Apr-‐13
TRADE STATISTICS BULLETIN April 2014 24
8.8 Import products from key markets
Value (N$ m) Share Value (N$ m) Share Value (N$ m) ShareVehicles 741 19.8 824 18.6 616 16.0 Boilers 427 11.4 463 10.5 441 11.5 Electrical machinery 262 7.0 257 5.8 203 5.3 Articles of iron or steel 213 5.7 208 4.7 194 5.1 Mineral fuels and oils 137 3.7 514 11.6 437 11.4 Other 1,961 52.4 2,152 48.7 1,948 50.7 Total 3,742 100.0 4,418 100.0 3,839 100.0
Value (N$ m) Share Value (N$ m) Share Value (N$ m) ShareShips, boats and floating structures 448 100.0 -‐ -‐ -‐ -‐ Other -‐ -‐ -‐ -‐ -‐ -‐ Total 448 100.0 -‐ -‐ -‐ -‐
Value (N$ m) Share Value (N$ m) Share Value (N$ m) SharePrecious stones (diamonds) 231 97.7 308 97.6 233 99.1 Vehicles 5 2.3 7 2.3 2 0.7 Other -‐ -‐ 0 0.1 0 0.2 Total 236 100.0 316 100.0 235 100.0
Value (N$ m) Share Value (N$ m) Share Value (N$ m) ShareBoilers 178 77.6 73 41.1 12 17.6 Electrical machinery 19 8.1 7 4.2 10 14.0 Products of the milling industry 10 4.5 9 5.3 6 9.3 Vehicles 4 1.7 32 18.0 1 1.5 Articles of iron or steel 3 1.3 13 7.5 1 1.4 Other 16 6.9 43 24.0 38 56.3 Total 230 100.0 178 100.0 68 100.0
HS and commodity descriptionsPanama
Export Processing ZoneHS and commodity descriptions
GermanyHS and commodity descriptions
Apr-‐14 Mar-‐14 Apr-‐13
Apr-‐14 Mar-‐14 Apr-‐13
Apr-‐14 Mar-‐14 Apr-‐13HS and commodity descriptionsSouth Africa
Apr-‐14 Mar-‐14 Apr-‐13
Value (N$ m) Share Value (N$ m) Share Value (N$ m) ShareBoilers 51 25.1 42 25.8 34 17.7 Inorganic chemicals 50 24.9 37 22.5 21 11.3 Ships, boats and floating structures 33 16.4 0 0.0 -‐ -‐ Electrical machinery 13 6.4 11 6.7 84 43.9 Fish 6 3.2 4 2.7 5 2.5 Other 48 23.9 70 42.3 47 24.6 Total 202 100.0 165 100.0 191 100.0
ChinaApr-‐14 Mar-‐14 Apr-‐13HS and commodity descriptions
TRADE STATISTICS BULLETIN April 2014 25
8.9 Trade by office
Exports
Imports
Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share Monthly AnnuallyWalvis Bay 1,583 45.2 1,628 38.1 1,998 43.3 -‐2.7 -‐20.8Windhoek Regional Warehouse Office 473 13.5 549 12.9 423 9.2 -‐13.8 11.9Oshikango 304 8.7 334 7.8 291 6.3 -‐9.0 4.4Lüderitz 288 8.2 525 12.3 194 4.2 -‐45.1 48.6Trans Kalahari 244 7.0 278 6.5 271 5.9 -‐12.1 -‐9.8Ariamsvlei 240 6.9 382 9.0 285 6.2 -‐37.2 -‐15.7Noordoewer 160 4.6 142 3.3 170 3.7 12.5 -‐5.9Wenela 107 3.1 192 4.5 128 2.8 -‐44.2 -‐16.4Chief Hosea Kutako Intl Airport 34 1.0 183 4.3 111 2.4 -‐81.4 -‐69.3Ngoma 29 0.8 22 0.5 7 0.1 33.8 343.4Katima Mulilo 18 0.5 11 0.3 16 0.3 64.9 14.5Katwitwi 10 0.3 10 0.2 15 0.3 -‐7.4 -‐35.1Omahenene 7 0.2 3 0.1 2 0.0 175.7 280.3Oranjemund 3 0.1 6 0.1 4 0.1 -‐56.9 -‐32.6Ruacana 2 0.1 1 0.0 1 0.0 262.6 47.9Mohembo 1 0.0 1 0.0 1 0.0 -‐4.1 44.0Rundu 1 0.0 2 0.1 1 0.0 -‐55.0 -‐26.3Tsumeb 0 0.0 0 0.0 1 0.0 2.9 -‐29.4Otjiwarongo 0 0.0 -‐ -‐ -‐ -‐ -‐ -‐ Swakopmund 0 0.0 0 0.0 -‐ -‐ -‐40.9 -‐ Eros Airport -‐ -‐ -‐ -‐ 702 15.2 -‐ -‐100.0Total 3,505 100.0 4,269 100.0 4,620 100.0 -‐17.9 -‐24.1
Percentage changeOffice Apr-‐14 Mar-‐14 Apr-‐14
Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share Monthly AnnuallyAriamsvlei 1,367 24.0 1,472 17.6 1,077 19.5 -‐7.1 26.9Trans Kalahari 1,292 22.7 1,358 16.2 1,148 20.8 -‐4.8 12.5Walvis Bay 878 15.5 3,443 41.2 1,428 25.9 -‐74.5 -‐38.5Noordoewer 653 11.5 676 8.1 562 10.2 -‐3.4 16.2Lüderitz 553 9.7 40 0.5 183 3.3 1,269.8 201.2Windhoek Regional Warehouse Office 231 4.1 309 3.7 264 4.8 -‐25.3 -‐12.4F. P. du Toit 225 4.0 245 2.9 206 3.7 -‐8.2 9.2Tsumeb 178 3.1 326 3.9 0 0.0 -‐45.5 44,623.1Oranjemund 63 1.1 62 0.7 65 1.2 0.3 -‐3.4Windhoek Regional Excise Office 42 0.7 44 0.5 25 0.5 -‐4.1 68.9Oshikango 38 0.7 9 0.1 6 0.1 308.0 550.4Wenala 37 0.7 27 0.3 13 0.2 38.4 185.3Chief Hosea Kutako Intl Airport 36 0.6 250 3.0 211 3.8 -‐85.8 -‐83.1Windhoek Regional Office 33 0.6 29 0.3 29 0.5 14.2 14.7Mohembo 19 0.3 13 0.2 16 0.3 48.1 15.0Ngoma 18 0.3 33 0.4 16 0.3 -‐46.2 10.4Oshakati 18 0.3 22 0.3 13 0.2 -‐20.5 35.0Keetmanshoop 3 0.1 5 0.1 4 0.1 -‐40.7 -‐22.7Otjiwarongo 0 0.0 1 0.0 3 0.1 -‐61.7 -‐86.5Swakopmund 0 0.0 1 0.0 1 0.0 -‐42.4 -‐68.3Impalila Island 0 0.0 0 0.0 1 0.0 -‐17.8 -‐62.8Ondangwa 0 0.0 0 0.0 4 0.1 5.6 -‐91.8Rundu 0 0.0 0 0.0 1 0.0 28.9 -‐59.9Eros Airport -‐ -‐ 0 0.0 241 4.4 -‐100.0 -‐100.0Gobabis -‐ -‐ 0 0.0 0 0.0 -‐100.0 -‐100.0Grootfontein -‐ -‐ -‐ -‐ 2 0.0 -‐ -‐100.0Total 5,684 100.0 8,367 100.0 5,521 100.0 -‐32.1 3.0
Percentage changeOffice Apr-‐14 Mar-‐14 Apr-‐14
TRADE STATISTICS BULLETIN April 2014 26
NOTES
TRADE STATISTICS BULLETIN April 2014 27
NOTES