TRADE STATISTICS BULLETIN MAY 2013 · 2018. 4. 29. · MONTHLY TRADE STATISTICS BULLETIN MAY 2013 3...

MONTHLY TRADE STATISTICS BULLETIN MAY 2013 1

MONTHLY TRADE STATISTICS BULLETINMAY 2013


Mission, Vision and Core Values

MISSION STATEMENT“In a coordinated manner we produce and disseminate relevant, quality and timely statistics

that are fit-for-purpose in accordance with international standards and best practice”

VISION STATEMENT“Be a high performance institution in statistics delivery”

CORE VALUESPerformance

IntegrityService focusTransparency

AccuracyPartnership


PrefaceForeign trade statistics plays an important role in a nation’s economy as it measures values and quantities of goods that, by moving into or out of a country, add or subtract from a nation’s material stock of goods. Foreign trade statistics are essential for the formulation of monetary, fiscal, commercial and regional integration policies. Moreover, in the Southern African Customs Union (SACU), reliable import statistics are crucial when it comes to revenue sharing among member states.

Since Namibia’s independence, government policy has been to develop, promote and diversify the country’s exports; to expand and consolidate market shares of existing markets, penetrate new markets and to reduce the over reliance on imports from one or two main trading partners. Prior to independence, trade flow between Namibia and the rest of the world was not independently recorded. Since 1990, positive developments have taken place, both in the particulars recorded and the methods of recording. Computerization of procedures at the Directorate of Customs and Excise in the Ministry of Finance has continued to enhance the timely dissemination and analysis of trade statistics through prompt transfer of captured trade data at Customs to the Namibia Statistics Agency. This bulletin presents the monthly trade data for May 2013.

John SteytlerStatistician-General


Table of Contents1. INTRODUCTION 6

2. TRADE BALANCE 6

2.1 CHART 1 TRADE BALANCE 6

2.2 TRADE BY KEY MARKETS 7

2.3 CHART 2 TOP PARTNERS BY TOTAL TRADE 7

2.4 TOP EXPORTS 7

2.5 TABLE 1 TOP FIVE EXPORTS 8

2.6 TOP IMPORTS 8

2.7 TABLE 2 TOP FIVE IMPORTS 8

2.8 EXPORTS 8

2.9 TABLE 3 EXPORTS BY MODE OF TRANSPORTS 9

3. IMPORTS 9

3.1 TABLE 4 IMPORTS BY MODE OF TRANSPORTS 9

4. CONCLUSION 10

5. LIST OF TERMS AND DEFINITIONS 11

6. APPENDIX 12

6.1 EXPORT PRODUCTS TO KEY MARKETS 12

6.2 IMPORT PRODUCTS FROM KEY MARKETS 13

6.3 TRADE BY OFFICE 14


1. IntroductionThe mandate of the Namibia Statistics Agency is to produce and disseminate relevant, quality and timely sta-tistics, this include statistics relating to imports and exports. This report presents a summary of trade statistics in terms of imports and exports of merchandise goods for the month May 2013.

Foreign trade statistics derived from records of trade flows across international borders are invaluable for the formulation of commercial, fiscal and monetary policies of any country. The basic information for the compi-lation of trade statistics is collected and /or captured based on import/export declarations made by traders.

2. Trade BalanceNamibia’s total exports amounted to N$4.1 billion, while N$5.3 billion worth of imports was recorded in May 2013, resulting into a trade deficit of N$1.2 billion.

Compared to the previous month when the deficit was only N$0.7 billion the trade deficit increased by 61.7 percent. Moreover when compared to the same month of the preceding year, the increase in the deficit was even more pronounced at 244.4 percent as it moved from an N$0.8 billion surplus recorded in the corre-sponding period of the preceding year. The increase in the deficit was due to weaker exports.

Expenditure on import increased by 24.4 percent compared to the same month in 2012. Therefore, a strong growth in imports contributed to the deficit widening in May 2013 compared to the corresponding month of the preceding year. The growth in imports was mainly caused by imports of Diesel (N$203.1 million), Petrol (N$125.7 million), Diamonds (N$117.1 million), front-end shovel loaders (N$58.4 million) and Articles of iron and steel (N$38.0 million).

Export earnings showed a decline of 11.6 percent in May 2013 compared to the previous month, and by 19.5 percent in the corresponding month of the preceding year. The decline in export earnings over the month was predominantly reflected in Diamonds (N$1,340 million), Arsenic (N$683.1 million), Gold (non-monetary) (N$55.7 million) Uranium ores (N$13.9 million) and Beer (N$8.6 million).

2.1 Chart 1 Trade Balance

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-‐1 500

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-‐500

0

500

1 000

May-‐12 Jun-‐12 Jul-‐12 Aug-‐12 Sep-‐12 Oct-‐12 Nov-‐12 Dec-‐12 Jan-‐13 Feb-‐13 Mar-‐13 Apr-‐13 May-‐13

Value (N$ b

)


2.3 Chart 2 Top Partners by total trade

2.2 Trade by key marketsNamibia’s top five export destinations accounted for 59.1 percent of its total exports in May 2013 compared to 27.7 percent recorded in the corresponding month of 2012. Major export markets during the month of May were Botswana (20.0 percent), RSA (15.0 percent), USA (9.6 percent), Angola (8.0 percent) and Export Process-ing Zone (6.5 percent). South Africa, Angola and EPZ were the top export markets for the corresponding month of the preceding year and accounted for a share of 13.8 percent, 7.9 percent and 3.7 percent of total exports respectively.

Botswana was the top export destination with a growth of N$0.8 billion, the growth was reflected in Precious stone (diamonds etc), mineral (fuel and oil) and Vehicles being the most exported products. Namibia’s imports were mostly sourced from South Africa with a growth of N$0.5 billion, which was mainly reflected in vehicles, boilers, minerals (fuels and oils), articles of iron or steel and electrical machinery.

Switzerland was at the second place as the top import market with a share of 8.4 percent of total imports compared to 9.7 percent in the corresponding month of the preceding year, recording a growth of 7.6 percent. The main imports from Switzerland were copper ores and concentrates, minerals (fuels and oils), salt; sulphur; earths; stone and cement, pharmaceutical products and electrical machinery.Chart 2 shows the top trading partners for May 2013 by total trade

2.2 Top ExportsTable 1 shows that five products made up 72.9 percent of total export earnings in May 2013 compared to 73.9 percent in the previous month and 57.3 percent in the same month of the preceding year. Major export prod-ucts include Minerals (Diamonds, Ores and Zinc), Fish and Vehicles. Export revenue on Vehicles, Fish and Zinc showed a strong growth of 28.7 percent, 27.4 percent and 21.8 percent respectively compared to May 2012. On the other hand export earnings on Diamonds recorded a decline of 11.7 percent.

RSA44%

BOTSWANA9%

SWITZERLAND7%

EXPORT PROCESSING

ZONE6%

USA5%

UK4%

ANGOLA3%

CHINA2%

Other countries20%


2.6 Top importsNamibia’s five major import products, as listed in table 2 accounted for a share of 44.1 percent of total imports in the period under review in comparison to a share of 43.6 percent recorded in the previous month and 40.8 percent recorded in the corresponding month in 2012. Major import products include Vehicles (11.4 percent), Boilers (9.9 percent), Minerals (9.4 percent), Ores (7.1 percent) and Electrical machinery (6.3 percent).

Import expenditure on Minerals (fuels and oils), Boilers and Electrical machinery recorded strong growth of 154.0 percent, 47.6 percent and 42.5 percent, respectively.

Trade by mode of transport

2.8 ExportsRoad transport accounted for 35.8 percent of total exports transported in May 2013 up from 30.5 percent one month earlier and 26.1 percent recorded in the same month of the preceding year. This represents a strong growth of 10.6 percent in exports conveyed via road from the corresponding month of the preceding year.

Sea transport accounted for 35.5 percent of total exports transported in the period under review down from 47.0 percent in the previous month and 45.7 percent in the corresponding month in 2012. Air transport ac-counted for 28.6 percent of total exports conveyed, up from 22.3 percent the previous month and 28.2 in the same month in 2012.

2.5 Table1Topfiveexports

2.7 Table2Topfiveimports

May-‐12 Share Apr-‐13 Share May-‐13 Share % change May 2012/1371: Precious stones (diamonds etc.) 1,577 31.0 1,224 26.4 1,393 34.0 -‐11.726:Ores 550 10.8 1,089 23.5 608 14.8 10.503:Fish 476 9.4 723 15.6 606 14.8 27.479:Zinc and Articles Thereof 180 3.5 216 4.7 219 5.3 21.887:Vehicles 128 2.5 173 3.7 165 4.0 28.7Other Products 2,173 42.7 1,210 26.1 1,111 27.1 -‐48.9TOTAL 5,084 100.0 4,634 100.0 4,103 100.0 -‐19.3

HS code and DescriptionExport Values (N$ m)

May-‐12 Share Apr-‐13 Share May-‐13 Share % change May 2012/1387:Vehicles 549 12.9 646 12.0 606 11.4 10.484: Boilers, machinery and mechanical appliances 355 8.4 591 11.0 524 9.9 47.627:Mineral (fuels, oils and products of their distillation) 196 4.6 744 13.8 498 9.4 154.026:Ores 402 9.4 2 0.0 377 7.1 -‐6.185:Electrical machinery 234 5.5 366 6.8 334 6.3 42.5Other products 2,518 59.2 3,025 56.3 2,956 55.8 17.4TOTAL 4,254 100.0 5,375 100.0 5,295 100.0 24.5

HS code and Descrption Import Values (N$ m)


3. ImportsRoad transport accounted for 67.0 percent of total imports transported in May 2013 up from 64.5 percent one month earlier and down from 71.5 percent recorded in the corresponding month of the preceding year.

Sea transport accounted for 28.5 percent of total imports transported in the period under review up from 26.2 percent in the previous month and 23.2 in the same month of the preceding year. Air transport accounted for a mere 3.9 percent of total imports transported, down from 8.7 percent in the previous month and 4.1 percent in the corresponding period of 2012.

2.9 Table3Exportsbymodeoftransports

3.1 Table4Importsbymodeoftransports

May -‐ 12 Share April -‐ 13 Share May -‐ 13 Share % change May 2012/13Road 1,326 26.1 1,412 30.5 1,466 35.8 10.6Sea 2,323 45.7 2,179 47.0 1,452 35.5 -‐37.5Air 1,434 28.2 1,031 22.3 1,170 28.6 -‐18.4Total 5,084 100.0 4,632 100.0 4,093 100.0 -‐19.5

Export Values (N$ m)Mode of transport

May -‐ 12 Share April -‐ 13 Share May-‐13 Share % change May 2012/13Road 3,041 71.5 3,467 64.5 3,544 67.0 16.5 Sea 988 23.2 1,407 26.2 1,508 28.5 52.7 Air 173 4.1 468 8.7 204 3.9 17.9 Rail 50 1.2 31 0.6 34 0.6 (32.2) Total 4,254 100.0 5,374 100.0 5,292 100.0 24.4

Mode of transportImport Values (N$ m)


4. ConclusionDuring the month of May 2013, Namibia’s total exports amounted to NAD 4.1 billion, while imports amounted to NAD 5.3 billion compared to NAD 5.1 billion of total exports and NAD 4.3 billion of total imports in May 2012.Major exported commodities were: Precious stones (diamonds etc.), uranium ores, fish, and zinc. Major im-ports were: Vehicles, Boilers machinery, Mineral fuels, Uranium and Electrical machinery.

A visible trade deficit of NAD 1.2 billion was recorded in May 2013; an increase of 61.7 percent compared to the previous month. During the period under review, Namibia’s key export markets were Botswana, South Africa, USA, Angola and EPZ.

Namibia’s imports were mainly sourced from South Africa, Switzerland, EPZ, UK and China respectively.Namibia continues to rely heavily on road and sea as major modes of transport for imports and exports.


5. List of Terms and DefinitionsExport Processing Zone (EPZ): An Export Processing Zone (EPZ) is a Customs area where one is allowed to import machinery, equipment and material for the manufacture of export goods under security, without pay-ment of duty. The imported goods are subject to customs control at importation, through the manufacturing process, to the time of sale/export, or duty payment for home consumption.

Trade Balance: The commercial balance or net exports (sometimes symbolized as NX), is the difference be-tween the monetary value of exports and imports of output in an economy over a certain period.

Trade Deficit: Is an economic measure of a negative trade balance in which a country’s imports exceeds its exports.

Trade Surplus: Is an economic measure of a positive trade balance in which a country’s exports exceeds its imports.


6. Appendix6.1 Export products to key markets

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share22:Beverages 123 17.5 98 15.9 110 17.8 01:Live animals 58 8.3 106 17.2 97 15.7 02:Meat and edible meat offal 113 16.0 74 12.0 91 14.8 03:Fish 91 12.9 97 15.7 88 14.2 71:Precious stones (diamonds etc.) 107 15.2 66 10.6 52 8.5 Other commodities 211 30.0 176 28.5 178 28.9 Total 702 100.0 617 100.0 616 100.0

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share71:Precious stones (diamonds etc.) -‐ -‐ 598 93 766 93.7 27:Mineral (fuels and oils) 13 43.1 21 3 25 3.1 87:Vehicles 8 24.8 7 1 9 1.1 16:Preparations of meats, of fish 3 9.0 5 1 6 0.7 02:Meat and edible meat offal -‐ -‐ -‐ -‐ 2 0.3 Other commodities 7 23.0 10 2 10 1.2 Total 31 100.0 641 100 818 100.0

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share87:Vehicles 86 21.3 97 29.0 92 27.2 94:Furniture; bedding, mattresses 34 8.3 32 9.7 36 10.8 03:Fish 26 6.4 17 5.2 30 8.9 85:Electrical machinery 28 7.0 20 5.8 29 8.6 84:Boilers 20 5.0 26 7.9 20 5.8 Other commodities 209 52.0 142 42.3 131 38.7 Total 402 100.0 334 100.0 338 100.0

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share26:Ores -‐ -‐ -‐ -‐ 330 84.5 71:Precious stones (diamonds etc.) 70 85.3 87 94 52 13.4 97:Work of art, collector's antiques 1 0.8 0 0 3 0.7 03:Fish 2 2.2 3 3 2 0.5 Other commodities 10 11.7 2 2 2 0.6 Total 82 100.0 92 100 391 100.0

Apr-‐13 May-‐13

May-‐12 Apr-‐13 May-‐13

HS AND COMMODITY DESCRIPTIONS




May-‐12

May-‐12

South AfricaMay-‐12 Apr-‐13 May-‐13

BOTSWANA

USA

ANGOLA

Apr-‐13 May-‐13

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share71:Precious stones (diamonds etc.) 190 100 226 100 265 100 Other commodities -‐ -‐ -‐ -‐ Total 190 100 226 100 265 100

May-‐12 Apr-‐13 May-‐13HS AND COMMODITY DESCRIPTIONS

EPZ


6.2 Import products from key markets

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share87:Vehicles 510 16.9 616 16.0 569 16.2 84:Boilers 300 10.0 443 11.5 351 10.0 27:Mineral (fuels and oils) 173 5.7 438 11.4 245 7.0 73:Articles of iron or steel 186 6.2 195 5.1 226 6.5 85:Electrical machinery 180 6.0 204 5.3 206 5.9 Other commodities 1,661 55.2 1,948 50.7 1,909 54.4 Total 3,009 100.0 3,843 100.0 3,506 100.0

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share26:Ores 388 94.1 -‐ -‐ 375 84.5 27:Mineral (fuels and oils) -‐ -‐ 47 72.1 42 9.6 25:Salt, sulphur; earths; stone and cement -‐ -‐ -‐ -‐ 25 5.7 30:Pharmaceutical products 0 0.0 -‐ -‐ 0 0.1 85:Electrical machinery 0 0.0 1 1.9 0 0.1 Other commodities 24 5.9 17 26.1 1 0.2 Total 413 100.0 65 100.0 444 100.0

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share71:Precious stones (diamonds etc.) 147 99.9 233 99.1 265 99.5 87:Vehicles 0 0.1 2 0.7 1 0.3 82:Tools, implements, cutlery, spoons and forks, of base metal -‐ -‐ 0 0.0 0 0.1 Other commodities -‐ -‐ 0 0.1 0 0.0 Total 148 100.0 235 100.0 266 100.0

Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share27:Minerals (fuels and oils) 0 0.3 0 0.0 181 68.1 84:Boilers 4 26.1 15 49.7 41 15.6 87:Vehicles 6 33.6 6 19.4 18 6.7 73:Articles of iron or steel 0 0.9 1 2.5 12 4.6 89:Ships, Boats and floating structures -‐ -‐ -‐ -‐ 4 1.6 Other commodities 6 39.1 9 28.4 9 3.4 Total 16 100.0 30 100.0 265 100.0




HS AND COMMODITY DESCRIPTIONS 12-‐May Apr-‐13 May-‐13

12-‐May Apr-‐13 May-‐13

12-‐May Apr-‐13 May-‐13

12-‐May Apr-‐13 May-‐13

RSA

SWITZERLAND

EPZ

UK


Value (N$ m) Share Value (N$ m) Share Value (N$ m) Share84:Boilers 7 6.2 36 18.5 43 29.0 28:Inorganic chemicals; organic or inorganic compounds 26 23.0 21 11.0 33 22.3 88:Aircraft, spacecraft and parts thereof 10 8.5 5 2.7 18 12.4 85:Electrical machinery 21 18.5 84 43.1 10 7.1 69:Cemamic products 3 2.9 2 0.8 6 4.4 Other commodities 46 40.8 47 23.9 36 24.8 Total 112 100.0 195 100.0 147 100.0

HS AND COMMODITY DESCRIPTIONS 12-‐May Apr-‐13 May-‐13CHINA

6.3 Trade by office

Exports Share Imports Share Exports Share Imports Share Exports Share Imports ShareAriamsvlei 200 3.9 904 21.3 285 6.1 1,077 20.0 266 6.5 1,103 20.8 Eros Airport 1,056 20.8 26 0.6 702 15.2 241 4.5 851 20.8 35 0.7 F. P. du Toit -‐ -‐ 167 3.9 0 0.0 206 3.8 -‐ -‐ 193 3.7 Chief Hosea Kutako Intl Airport 377 7.4 147 3.5 111 2.4 211 3.9 99 2.4 159 3.0 Katima Mulilo 8 0.2 0 0.0 16 0.3 0 0.0 11 0.3 0 0.0 Katwitwi 10 0.2 0 0.0 14 0.3 0 0.0 23 0.6 0 0.0 Keetmanshop 0 0.0 3 0.1 -‐ -‐ 4 0.1 -‐ -‐ 5 0.1 Lüderitz 241 4.7 80 1.9 194 4.2 189 3.5 224 5.5 177 3.3 Mohembo 0 0.0 14 0.3 1 0.0 16 0.3 1 0.0 14 0.3 Ngoma 11 0.2 12 0.3 7 0.1 16 0.3 7 0.2 17 0.3 Noordoewer 193 3.8 476 11.2 171 3.7 562 10.5 161 3.9 526 9.9 Omahenene 4 0.1 0 0.0 2 0.0 0 0.0 3 0.1 0 0.0 Ondangwa -‐ -‐ 5 0.1 -‐ -‐ 4 0.1 -‐ -‐ 5 0.1 Oranjemund 2 0.0 66 1.5 4 0.1 65 1.2 3 0.1 68 1.3 Oshakati -‐ -‐ 5 0.1 0 0.0 13 0.2 -‐ -‐ 10 0.2 Oshikango 304 6.0 7 0.2 290 6.3 6 0.1 297 7.3 11 0.2 Otjiwarongo -‐ -‐ 5 0.1 -‐ -‐ 3 0.1 0 0.0 5 0.1 Ruacana 8 0.2 -‐ -‐ 1 0.0 -‐ -‐ 1 0.0 0 0.0 Rundu 2 0.0 0 0.0 1 0.0 1 0.0 2 0.1 0 0.0 Swakopmund 0 0.0 5 0.1 -‐ -‐ 1 0.0 -‐ -‐ 2 0.0 Trans Kalahari 245 4.8 1,083 25.5 270 5.8 1,148 21.4 284 7.0 1,235 23.3 Tsumeb 0 0.0 401 9.4 1 0.0 0 0.0 0 0.0 386 7.3 Walvis Bay 2,154 42.4 608 14.3 1,990 43.0 1,279 23.8 1,245 30.4 1,003 19.0 Wenela 77 1.5 7 0.2 128 2.8 13 0.2 146 3.6 9 0.2 Windhoek Regional Warehouse Office -‐ -‐ -‐ -‐ 444 9.6 264 4.9 469 11.5 273 5.2 Windhoek Regional Office 0 0.0 53 1.2 0 0.0 29 0.5 0 0.0 23 0.4 Windhoek Regional Excise Office 190 3.7 173 4.1 -‐ -‐ 25 0.5 -‐ -‐ 29 0.5 Total 5,084 100.0 4,254 100.0 4,632 100.0 5,374 100.0 4,093 100.0 5,292 100.0

May-‐12 Apr-‐13 May-‐13Value (N$ m)

Office


NOTES

TRADE STATISTICS BULLETIN MAY 2013 · 2018. 4. 29. · MONTHLY TRADE STATISTICS BULLETIN MAY 2013 3...

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