Bilateral trade between Namibia and South Africa grew to N$67.1 billion in 2022, an increase of 8.1 billion against the previous financial year. South Africa is Namibia’s main trading partner due to the two countries’ economic integration and geographic location.
Bilateral trade between Namibia and South Africa grew to N$67.1 billion in 2022, an increase of 8.1 billion against the previous financial year. South Africa is Namibia’s main trading partner due to the two countries’ economic integration and geographic location.
Namibia’s exports to South Africa clocked at N$16.8 billion in 2022, compared to N$13.5 billion recorded in 2021. Furthermore, Namibia’s imports from South Africa were valued at N$45.6 billion and N$50.3 billion in 2021 and 2022 respectively; representing an increase in both exports and imports of 24.2 and 10.3 per cent respectively.
Namibian President Hage Geingob is currently on a state visit to South Africa upon invitation by his South African counterpart President Cyril Ramaphosa. The two heads of state will deliberate on regional, continental, and international issues of mutual concern. The visit is expected to further strengthen bilateral relations. Discussions on issues such as the Orange River Border question, and the Southern African Customs Union are on cards.
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The state visit is expected to strengthen bilateral cooperation, enhance economic cooperation; explore trade and investment, and also identify new areas of cooperation in the fields of Green Hydrogen, including the Oil and Gas sectors. The transformation of the Heads of State Economic Forum into the Bi-National Commission has also provided an impetus to further enhance bilateral cooperation and a platform to exchange views on issues of mutual interest and concern at the regional level.
