Diamond Exports Plunge by N$822 Million as Trade Deficit Widens

Namibia’s latest merchandise trade data reveals a sharp contraction in diamond export earnings, which fell by N$822 million compared to August. The decline in precious stones, alongside drops in fish, gold, and meat exports, helped push Namibia’s total export earnings down to N$12.2 billion in September. With import expenditure rising to N$16.9 billion, the country recorded an overall trade deficit of N$4.7 billion. While mining products like uranium and gold continue to anchor the export economy, the figures underscore persistent trade imbalances driven by high import demand for petroleum and industrial equipment. The Stats Agency’s Mirjam Shihepo:

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