Namibia Import Data: a Brief Overview of the Import and Import Trade Partners
A major portion of the land area of Namibia is captured by 2 deserts i.e., the Namibia desert on the Atlantic coast and the Kalahari desert on the eastern and Southern regions. The abundance of luxurious earthy materials present on the land area like diamond and gold dust etc make this nation heavily dependent on the export of mining industries goods for its economic growth. The presence of one of the largest mining industries in Africa within its land area and the existence of skeptical natural wonders like Etosha National Park and Sossusvlei dunes make this a popular tourist spot across the globe.
Despite its natural beauty and economic existence when it comes to the import trade rate of the nation which maintains a proper balance with the export market, it works as a crucial player in the globally growing economy by a suitable contribution to the annual GDP. As per the Namibia Trade Data, the annual import trade value of the nation in 2023 stands at a staggering rate of 8 billion US dollars with a yearly growth of 5% over the years.
What Are the Top 10 Imported Products of Namibia in 2023?
The competitive pricing strategies of the nation have attracted different foreign investors to its import market leading to sustainable import trade revenue. According to the Namibia Import Data, the top 10 imported products of Namibia in 2023 are,
1. Refined Petroleum - Import Value of Refined Petroleum in 2023 - 5 billion US dollars.
2. Cars - Import Value of Cars in 2023 - 2 billion US dollars.
3. Packaged Medicaments - Import Value of Packaged Medicaments in 2023 - 900 million US dollars.
4. Wheat - Import Value of Wheat in 2023 - 800 million US dollars.
5. Delivery Trucks - Import Value of Delivery Trucks in 2023 - 700 million US dollars.
6. Broadcasting Equipment - Import Value of Broadcasting equipment in 2023 - 600 million US dollars.
7. Computers - Import Value of Computers in 2023 - 450 million US dollars.
8. Jewelry - Import Value of Jewelry in 2023 - 380 million US dollars.
9. Raw Sugar - Import Value of Raw Sugar in 2023 - 220 million US dollars.
10. Beer - Import Value of Beer in 2023 - 150 million US dollars.
Top 10 Import Trade Destination of Namibia in 2023
According to the Namibia Customs Data, the leading import partners from whom the country imports most of its domestic needs in 2023 are,
1. South Africa - According to the South Africa Export Data, the valuation of Namibia imports in 2023 - 6 billion US dollars.
Variants of Import
• Machinery and Mechanical Appliances • Mineral Fuels and Oils • Vehicles • Pharmaceuticals • Dairy Products
2. China - According to the China Export Data, the valuation of Namibia imports in 2023 - 4.8 billion US dollars.
Variants of Import
• Machinery and electronic equipment • Textile and apparel • Vehicles • Chemicals • Wood Products
3. Botswana - According to the Botswana Export Data, the valuation of Namibia imports in 2023 - 970 million US dollars.
10. Japan - According to the Japan Export Data, the valuation of Namibia imports in 2023 - 200 million US dollars.
Variants of Import
• Beverages • Iron ores • Chemical products • Vehicles • Automotive goods
FAQ'S
Que. What is the import trade value of Namibia in 2023? Ans. The import trade value of Namibia in 2023 is 8 billion US dollars.
Que. What is the top imported product of Namibia in 2023? Ans. Refined petroleum is the top imported product of Namibia in 2023.
Que. Who is the top import trade partner of Namibia in 2023? Ans. South Africa Is the top import trade partner of Namibia in 2023.
Que. Where can you get the detailed trade analysis of Namibia Imports in 2023? Ans. By subscribing to Import Globals, you can get a detailed trade analysis of Namibia Imports in 2023.