Namibia: Agricultural Sector Declines By 2.8 Percent in Q1

The agriculture sector recorded a decline of 2.8% in the first quarter of 2021 according to the country's statistic agency on Thursday.

The decline was mainly due to the livestock sub-sector that contracted by 7.5% in real value-added, the first publication of the quarterly agriculture statistical bulletin for the year 2021 stated.

Namibia exports of agriculture, forestry, and fishery products for the first quarter of 2021 amounted to N$531.2 million (2.6% of total exports) while the import bill stood at N$762.7 million (2.8% of total imports), Statistician-General Alex Shimuafeni said in the bulletin.

"The agriculture commodities contributed the highest export share of 2.2% and imports share of 2.6% when compared to forestry and fishery products. In terms of exports, the highest growth rate of 11.9% was recorded in the fishery products while a notable decline of 68.7% was witnessed in the forestry commodities," he added.

Meanwhile, Shimuafeni said, in terms of imports, the highest growth of 617.9 % was registered in fishing products while forestry products recorded a negative growth rate of 41.5% in value.

More From: Namibia Economist

Don't Miss

AllAfrica publishes around 800 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.

X