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RULES THE ROOST: Uranium was Namibia's most exported commodity in July.Photo: CHAMBER OF MINES OF NAMIBIA
RULES THE ROOST: Uranium was Namibia's most exported commodity in July.Photo: CHAMBER OF MINES OF NAMIBIA

N$2.5 billion in uranium exported in July

China country’s largest export destination
Namibia's July exports were dominated by uranium largely destined for China, the latest trade statistics show.
Ogone Tlhage
Namibia exported N$2.5 billion worth of uranium in July alone, the latest trade information by the Namibia Statistics Agency (NSA) has shown.

This also accounts for 25.1% of Namibia’s total exports, or N$10 billion, the NSA said. “The analysis of exports by commodities revealed that uranium had the largest share of the export basket, accounting for 25.1% of Namibia’s total exports ahead of non-monetary gold with 12.6% and fish with a share of 11.9%," it said.

Nickel ores and concentrates accounted for 5.2% of the exports, while precious stones - particularly diamonds - accounted for 5% of total export volumes.

On the contrary, Namibia imported approximately N$2.12 billion in terms of petroleum oils, which accounted for the highest valued commodity with a share of 17.7% of total imports.

“Petroleum oils were the highest valued commodity with a share of 17.7% of total imports, followed by motor vehicles for the transportation of goods and nickel ores and concentrates with shares of 4.7% and 3.7% respectively,” the NSA said.

“Furthermore, civil engineering and contractors, equipment and motor vehicles for the transportation of persons’ accounted for 2.6% and 2.5% of total imports respectively,” it added.



Trade deficit

Meanwhile, Namibia’s trade deficit for July rose to N$2.1 billion, owing to the country's N$12 billion import bill.

“During July 2024, exports decreased by 23.5% from N$13 billion recorded in June 2024 and increased by 21.2% when compared to July 2023. The import value decreased by 12.2% when compared to the value recorded in June 2024 and increased by 1% when compared to the value of N$11.9 billion recorded in July 2023,” the NSA said.

According to the statistics agency, China emerged as the country’s largest export destination with a share of 27.6% of all goods exported, followed by South Africa with 21.4%. Furthermore, Zambia, Botswana and Spain formed part of Namibia’s top five export markets.

“The demand side saw South Africa maintaining her position as the country’s largest source for imports, accounting for 42.1% of total imports, followed by China in second position with 12.2% of the market share. The United Arab Emirates (UAE), India and Zambia also formed part of Namibia’s top five import markets,” the NSA said.

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Allgemeine Zeitung 2024-10-13

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Katima Mulilo: 17° | 36° Rundu: 17° | 35° Eenhana: 19° | 37° Oshakati: 20° | 37° Ruacana: 20° | 37° Tsumeb: 23° | 34° Otjiwarongo: 19° | 33° Omaruru: 23° | 37° Windhoek: 20° | 33° Gobabis: 21° | 33° Henties Bay: 13° | 19° Wind speed: 21km/h, Wind direction: SW, Low tide: 06:00, High tide: 12:29, Low Tide: 18:40, High tide: 00:59 Swakopmund: 14° | 16° Wind speed: 30km/h, Wind direction: SW, Low tide: 05:58, High tide: 12:27, Low Tide: 18:38, High tide: 00:57 Walvis Bay: 14° | 23° Wind speed: 38km/h, Wind direction: SW, Low tide: 05:58, High tide: 12:26, Low Tide: 18:38, High tide: 00:56 Rehoboth: 20° | 34° Mariental: 23° | 38° Keetmanshoop: 22° | 38° Aranos: 21° | 37° Lüderitz: 15° | 30° Ariamsvlei: 23° | 39° Oranjemund: 13° | 20° Luanda: 24° | 25° Gaborone: 21° | 35° Lubumbashi: 18° | 33° Mbabane: 16° | 32° Maseru: 17° | 32° Antananarivo: 10° | 27° Lilongwe: 22° | 32° Maputo: 20° | 33° Windhoek: 20° | 33° Cape Town: 14° | 21° Durban: 18° | 25° Johannesburg: 20° | 31° Dar es Salaam: 24° | 30° Lusaka: 20° | 32° Harare: 18° | 31° Currency: GBP to NAD 22.69 | EUR to NAD 19.02 | CNY to NAD 2.46 | USD to NAD 17.4 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | EGP to NAD 0.35 | KES to NAD 0.13 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.08 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.83 | USD to AOA 909.1 | USD to BWP 13.28 | USD to EGP 48.53 | USD to KES 128.5 | USD to NGN 1625.33 | USD to ZAR 17.39 | USD to ZMW 26.4 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1854.97 Up +1.41% | Casablanca Stock Exchange (CSE) MASI 14101.61 Down -0.01% | Egyptian Exchange (EGX) 30 Index 30762.32 Down -1.33% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 657.18/OZ UP +0.91% | Copper US$ 4.47/lb UP +1.10% | Zinc US$ 3 171.30/T DOWN -0.03% | Brent Crude Oil US$ 79.33/BBP DOWN -0.0052 | Platinum US$ 984.46/OZ UP +1.35% Sport results: Weather: Katima Mulilo: 17° | 36° Rundu: 17° | 35° Eenhana: 19° | 37° Oshakati: 20° | 37° Ruacana: 20° | 37° Tsumeb: 23° | 34° Otjiwarongo: 19° | 33° Omaruru: 23° | 37° Windhoek: 20° | 33° Gobabis: 21° | 33° Henties Bay: 13° | 19° Wind speed: 21km/h, Wind direction: SW, Low tide: 06:00, High tide: 12:29, Low Tide: 18:40, High tide: 00:59 Swakopmund: 14° | 16° Wind speed: 30km/h, Wind direction: SW, Low tide: 05:58, High tide: 12:27, Low Tide: 18:38, High tide: 00:57 Walvis Bay: 14° | 23° Wind speed: 38km/h, Wind direction: SW, Low tide: 05:58, High tide: 12:26, Low Tide: 18:38, High tide: 00:56 Rehoboth: 20° | 34° Mariental: 23° | 38° Keetmanshoop: 22° | 38° Aranos: 21° | 37° Lüderitz: 15° | 30° Ariamsvlei: 23° | 39° Oranjemund: 13° | 20° Luanda: 24° | 25° Gaborone: 21° | 35° Lubumbashi: 18° | 33° Mbabane: 16° | 32° Maseru: 17° | 32° Antananarivo: 10° | 27° Lilongwe: 22° | 32° Maputo: 20° | 33° Windhoek: 20° | 33° Cape Town: 14° | 21° Durban: 18° | 25° Johannesburg: 20° | 31° Dar es Salaam: 24° | 30° Lusaka: 20° | 32° Harare: 18° | 31° Economic Indicators: Currency: GBP to NAD 22.69 | EUR to NAD 19.02 | CNY to NAD 2.46 | USD to NAD 17.4 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | EGP to NAD 0.35 | KES to NAD 0.13 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.08 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.83 | USD to AOA 909.1 | USD to BWP 13.28 | USD to EGP 48.53 | USD to KES 128.5 | USD to NGN 1625.33 | USD to ZAR 17.39 | USD to ZMW 26.4 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1854.97 Up +1.41% | Casablanca Stock Exchange (CSE) MASI 14101.61 Down -0.01% | Egyptian Exchange (EGX) 30 Index 30762.32 Down -1.33% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 657.18/OZ UP +0.91% | Copper US$ 4.47/lb UP +1.10% | Zinc US$ 3 171.30/T DOWN -0.03% | Brent Crude Oil US$ 79.33/BBP DOWN -0.0052 | Platinum US$ 984.46/OZ UP +1.35%