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Namibia

Namibia Flag

AGOA Status: Namibia is eligible for AGOA this year. It also qualifies for textile and apparel benefits.

Trade Agreements: The U.S. and the Southern Africa Customs Union (SACU), which includes Namibia, signed a Trade, Investment, and Development Cooperative Agreement (TIDCA) in 2008. The TIDCA establishes a forum for consultative discussions, cooperative work, and possible agreements on a wide range of trade issues, with a special focus on customs and trade facilitation, technical barriers to trade, sanitary and phytosanitary (SPS) measures, and trade and investment promotion.

U.S.-Namibia Trade Facts

Namibia is currently our 132nd largest goods trading partner with $305 million in total (two way) goods trade during 2016. Goods exports totaled $213 million; goods imports totaled $92 million. The U.S. goods trade surplus with Namibia was $121 million in 2016. 

According to the Department of Commerce, U.S. exports of goods to Namibia supported an estimated 5 hundred jobs in 2015 (latest data available). 

Exports

  • Namibia was the United States' 124th largest goods export market in 2016.

  • U.S. goods exports to Namibia in 2016 were $213 million, up 66.9% ($85 million) from 2015 and up 67.8% from 2006.  

  • The top export categories (2-digit HS) in 2016 were: mineral fuels ($82 million), special other  ($39 million), machinery ($23 million), miscellaneous chemical products ($15 million), and precious metal and stone ($11 million).

  • U.S. total exports of agricultural products to Namibia totaled $10 million in 2016. Leading domestic export categories include: corn ($7 million), wheat ($2 million), prepared food ($266 thousand), poultry meat & prods. (ex. eggs) ($64 thousand), and chocolate & cocoa products ($42 thousand). 

Imports

  • Namibia was the United States' 124th largest supplier of goods imports in 2016.

  • U.S. goods imports from Namibia totaled $92 million in 2016, up 7.5% ($6 million) from 2015, but down 20.7% from 2006.  

  • The top import categories (2-digit HS) in 2016 were: ores, slag, and ash  ($40 million), precious metal and stone ($38 million), special other ($10 million), electrical machinery ($786 thousand), and copper ($772 thousand).

  • U.S. total imports of agricultural products from Namibia totaled $218 thousand in 2016.  

Trade Balance

  • The U.S. goods trade surplus with Namibia was $121 million in 2016, a 186.7% increase ($79 million) over 2015. 

Investments

  • U.S. foreign direct investment (FDI) in Namibia (stock) was $8 million in 2016, a 166.7% increase from 2015. There is no information on the distribution of U.S. FDI in Namibia.

  • Namibia's FDI in the United States (stock) was $2 million in 2015 (latest data available). 

NOTE: No services trade data with Namibia are available.