Namibia: Minimal Value Addition Widens Trade Deficit

THE minimal, lack of and slow industrialisation continues to widen the country's trade deficit, with Namibia spending billions of dollars in importing manufactured goods from outside and exporting raw materials.

This observation follows the release of the Namibia Statistics Agency (NSA)'s second quarter trade statistics last week, showing that in the second quarter of 2019, the country spent N$27,2 billion on imports compared to N$23,4 billion earned from exports. This resulted in a N$3,7 billion deficit.

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