China remains as Namibia's largest export market in March
China continued to be Namibia's largest export market in March, despite the outbreak of COVID-19, Namibia's Statistics Agency (NSA) said Thursday.
The NSA in the released trade statistic bulletin said Namibia's trade continued to be concentrated on a few trading partners and key commodities.
According to NSA Statistician-General Alex Shimuafeni, Namibia mostly exported to countries including China, South Africa, Botswana, Canada, and Spain.
"Together, these five countries accounted for 78 percent of the Namibian exports to the rest of the world," he said.
In March, China became the largest export destination for domestic goods, absorbing about 38.6 percent of all goods exported, ahead of Botswana, which absorbed 12.4 percent of total exports.
Shimuafeni meanwhile said South Africa maintained its position as the largest import market for the domestic economy accounting for 50.5 percent of the value of all goods absorbed into Namibia during the period under review.
"Zambia held steady in the second position, contributing 18.8 percent to Namibia's total imports from the rest of the world. China and DRC's share to the country's total import bill stood at 3.6 percent and 2.9 percent, respectively," he added.
Shimuafeni said the country's exports included minerals such as metalliferous ores and metal scrap, non-ferrous metals and non-metallic mineral manufactures.
On the other hand, imports into the country included non-ferrous metals, vehicles, industrial machinery and equipment.