Big breather for trade account

Namibia’s trade deficit stood at N$4.15 billion during the first quarter of 2016, a significant decline of 62% compared to a revised figure of the previous quarter in which the deficit was estimated to be N$10.92 billion. Compared to the same quarter a year ago the deficit fell by 30%, the Namibia Statistics Agency (NSA) says. Namibia imported goods to the tune of nearly N$17.9 billion during the first three months of 2016, of which 55% was from South Africa. Read more about Big breather for trade account