Market Brief on Namibia

May 2016

Location Facts and Figures

Namibia is situated on Africa’s south-western seaboard. Its neighbouring countries are Angola to the north, Botswana and Zimbabwe to the east and South Africa to the south, with the Atlantic Ocean forming its western border.

Total Population 2.1 million

Area 825 615 sq.km

Time Zone +2 hrs GMT

Capital City Windhoek

International Telephone Code

+264

Currency Namibian $ and Rand (Pegged at 1: 1)

Exchange Rate 1US$=15.15168 Nam $ (23 Dec 2015)

GDP (Dec 2015) US$13.43 billion

GDP per capita US$5,961

GDP Growth Rate 6.9% (2014 forecast)

Ease of Doing Business (World Bank 2015)

101/189

Inflation Rate 5.35 (2015)

Official Language(s)

English

Cities and Population Other Languages German, Afrikaans, Herero & Oshiwambo

Business Hours 0800 hrs-1700 hrs Lunch 1300-1400 hrs

Banking Hours 0900-1530 hrs (weekdays) 0830-1200 (Sat)

Literacy Rate 76.4%

Measures Metric System

Important International Participation

UN, AU, SADC, SACU, WTO

City Population

Windhoek 365,000

Walvis Bay 85,000

Oshakati 36,541

Otjiwarongo 28,249

Ondangwa

22,822

Namibia Trade with the world

Major import sources of Namibia (2015) Major export destinations of Namibia (2015) Na

-

1

2

3

4

5

6

7

8

9

2011 2012 2013 2014 2015

US$

Bill

ion

Years

Imports Exports

71%

9%

2%2%

2%

2%1%

1%

1% 1% 8%

South Africa China USA

Germany Bulgaria Peru

Turkey Chile Mozambique

India Other

21%

9%

9%

9%7%

7%

5%

5%

4%

4%

20%

South Africa Belgium Spain

China France Germany

Netherlands Italy Zambia

Canada Other

Source: Trademap Source: Trademap

Source: Trademap

Major import products of Namibia (2015) Major export products of Namibia (2015)

Zimbabwe-Namibia Trade

14%

11%

9%

7%

5%5%3%2%2%

42%

Vehicles other than railway, tramway

Machinery

Mineral fuels, oils, distillation products, etc

Electrical, electronic equipment

Articles of iron or steel

Ores, slag and ash

Plastics and articles thereof

Pharmaceutical products

Beverages, spirits and vinegar

Other

23%

15%

15%

7%6%

5%

5%

5%

3%

2%14%

Fish

Inorganic chemicals

Copper and articles thereof

Zinc and articles thereof

Ores, slag and ash

Meat and edible meat offal

Pearls

Live animals

Edible fruit, nuts, peel of citrus fruit, melons

Beverages, spirits and vinegar

Other

(15)

(10)

(5)

-

5

10

15

20

25

2011 2012 2013 2014 2015

US$

Mill

ion

Exports Imports Trade Balance Source: Trademap

Source: Trademap Source: Trademap

Zimbabwe’s major exports to Namibia (2015)

Zimbabwe Exports to Namibia

US$’000

Annual growth in value

between 2011-2015, %, p.a.

Namibia imports from world US$’000

Electrical energy 12,628 70 172,031

Pharmaceuticals 518 37 101,743

Agricultural equipment and machinery

281

-43 5,939

Sugar confectionery 93 7 21,028

Non-alcoholic beverages (excl. water, fruit or vegetable juices and mi

57 - 18,562

Footwear 29 106 14,088

Source: Trademap

Zimbabwe's imports from Namibia Zimbabwe products with export potential to Namibia

Copper ores and concentrates

Pharmaceuticals

Structures and products (rods, angle, plates including door and window frames) of iron & steel

Raw sugar, cane

Cigarettes containing

Articles of bedding/furnishing tobacco

Beauty or make-up preparations

Interior blinds curtain

Alcoholic beverages

Articles of plastics

Sugar confectionery

Animal feed preparations

Bed linen

Footwear

Sanitary articles of paper

Poultry meat

Furniture (wooden) In 2015 ZimTrade carried out a Market Survey in Namibia. The Market survey report is available in the Trade Information Centre (Harare & Bulawayo).

63%

7%

6%

3%

3%

3%

2%

2%1%

1%

1% 8%

Fish, frozen, whole

Prepared or preserved meat

Live bovine animals

Meat of bovine animals, frozen

Beer made from malt

Fish fillets and pieces, fresh, chilled or frozen

Petroleum oils, not crude

Salt

Turntable (record-decks),record-player

Non-alcoholic beverages

Trucks, motor vehicles for the transport of goods

Other Source: Trademap

Useful Addresses Preferential Trade Arrangements

Embassy of the Republic of Zimbabwe 398 Independence Avenue and Grimm Street P. O. Box 23056 Windhoek 9000 Tel: +264 61 227738; 228134; 228137 Fax: +264 61 226859 E-mail: zimwindhoek@zimfa.gov.zw ; zimwhkconsular@yahoo.com

Embassy of the Republic of Namibia 69 Borrowdale Road, Borrowdale P. O. Box 7166, Harare Tel: +263 4 885841; 882709 Fax: +263 4 885800 E-mail: secretary@namibianembassy.co.zw

Chamber of Commerce in Namibia No. 2 Jenner Street (Cnr. Simpson & Jenner Str.) P. O. Box 9355, Windhoek Tel: +264 61 22 8809 Fax: +264 61 22 8009 E-mail: ncciinfo@ncci.org.na Website: www.ncci.org.na

Trade Fairs Windhoek Show, Windhoek 25-30 September 2016 Tel: +264 61 224 748 Fax: +264 61 227 707 E-mail: info@wssnam.org Website: www.windhoekshow.na

Zimbabwe-Namibia Preferential Bilateral Trade

Agreement

This preferential trade agreement entered into force in August 1992. Goods grown, produced or manufactured in Zimbabwe may be imported into Namibia free of customs duty, and vice-versa if they are wholly produced/obtained.

The following categories of goods shall be considered as wholly obtained:

• Mineral products extracted from its soil • Vegetable products harvested or gathered therein • Live animals born and raised therein • Products obtained therein from live animals • Forest products harvested therein • Fish and other marine products gathered therein

or from its marine economic zone, and • Products obtained therein exclusively from

products specified

SADC Trade Protocol Zimbabwe and Namibia are both members of the SADC

Protocol. The Protocol is an agreement between SADC

Member States to reduce customs duties and other

barriers to trade on products from each other. By January

1, 2008, most customs duties (on 85% of tariff lines) had

been eliminated for goods originating from SADC Member

States.

For more information on trading under SADC Trade Protocol and bilateral trade

agreement refer to ZimTrade’s “Guide to Zimbabwe’s Trade Agreements”.