Namibia: Trade balance, in dollars

* indicates monthly or quarterly data series
 Namibia

Trade balance, billion USD

 Latest value -2.64
 Year 2023
 Measure billion U.S. dollars
 Data availability 1990 - 2023
 Average -1.03
 Min - Max -2.94 - 0.20
 Source The World Bank
For that indicator, we provide data for Namibia from 1990 to 2023. The average value for Namibia during that period was -1.03 billion U.S. dollars with a minimum of -2.94 billion U.S. dollars in 2015 and a maximum of 0.2 billion U.S. dollars in 2006. The latest value from 2023 is -2.64 billion U.S. dollars. For comparison, the world average in 2023 based on 112 countries is 6.39 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Namibia - Trade balance, in dollars - Recent values chart

Historical chart
Namibia - Trade balance, in dollars - historical chart - 1990-2023




Definition: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.

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 Related indicators Latest value Reference Measure
 Terms of trade 103.72 2021 percent
 Trade openness 96.44 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 36.74 2022 percent
 Exports, billion dollars 5.36 2023 billion U.S. dollars
 Growth of exports 20.01 2022 percent
 Imports, percent of GDP 55.03 2022 percent
 Imports, billion dollars 8.18 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 8.18 2022 percent
 Foreign Direct Investment, billion dollars 1.06 2022 billion U.S. dollars
 Portfolio investment inflows, equities 1.83 2023 million dollars (current)
 Current account, percent of GDP -8.40 2022 percent
 Current account, in dollars -1.85 2023 billion U.S. dollars
 Trade balance, percent of GDP -18.30 2022 percent
 Trade balance, in dollars -2.64 2023 billion U.S. dollars
 Reserves 2.80 2022 billion U.S. dollars
 Remittances, percent of GDP 0.42 2022 percent
 Remittances 53.84 2022 million U.S. dollars
 Net errors and omissions 46.44 2023 million USD
 Foreign exchange reserves 53.75 9/2023 billion
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