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Spanish continue to boost sector

The Hake specimen that has managed to be the prize in the fishing industry

The Hake specimen that has managed to be the prize in the fishing industry

For the month of March the fish industry came second in the top ten exports of the country contributing to the rise in the overall export value, as reflected by the latest Namibia Statistics Agency’s Monthly Trade Statistics Bulletin.
The bulletin suggests that fish and meat in the food categories contributed to the rise in the overall export value, were the fish industry earned N$652 million and enjoyed a comfortable 16.6% share as compared to last year’s contribution of N$588 million and a drop in a share percentage of 12.8 resulting in an annual percentage change of 11%.
The Spaniards topped the key export market table with a N$244 million earnings for the country while it enjoyed a 99.3% share contribution as compared to lasts year’s figures which stood at N$161 million with a slight drop of shares to 98.4%.

On average, the country exports about 70% of its fish products to Europe with Spain contributing a significant chunk of the European market.
On the South African export table for March, the fish industry took the third spot with a value of N98 million which was a considerable drop as compared to 2013 statistics were they sat at a comfortable N$102 million with a share value of 13.3%.
The USA recorded a drop with them recording a N$3million contribution, with only 0.6% shares, a considerable decline from N$5 million and a 9.1% share contribution. Neighbours, Angola contributed N$19 million with a share of 5.6%.
Meanwhile, the dwindling demand for fish in Zambia dropped by 22.6 % to N$20 million from N$30 million the previous month, resulting in overall exports to Zambia  falling slightly by 2.4 percent from N$158 million last month to N$154 million.
For the export to key markets, the month of March was dominated by South Africa, Switzerland, USA, Angola and Spain.
Namibia mostly exported her commodities by sea, road and air, respectively, while imported commodities were transported by road, sea and air.

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