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Fisheries, agriculture exports earn Namibia N$4.1 billion

Fisheries, agriculture exports earn Namibia N$4.1 billion

Namibia’s export earnings from commodities of fisheries, agriculture, and forestry amounted to N$4.1 billion during the second quarter of 2022, the Namibia Statistics Agency revealed.

The import bill stood at N$1.2 billion. The fisheries products accounted for the highest foreign earnings at N$3.1 billion followed by the agriculture commodities which brought income of N$652.3 million.

In terms of imports, Agriculture commodities topped the list with an import bill of N$776.5 million during the second quarter of 2022.

Statistician-General Alex Shimuafeni said the value added for the agriculture, forestry, and the fishing sectors was estimated at N$6.2 billion in nominal terms (12.7% of GDP).

“In real terms, the sector slowed down to 1.6 percent that is attributed to the slowdown of all subsectors, except for Livestock farming sub-sector that accelerated by recorded growth in real value added of 3.8%,” Shimuafeni added.


 

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Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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