Namibia’s aquatic exports surge to N$1.2 billion in August

October 11, 2023

(3 minutes read)

The Namibia Statistics Agency (NSA) reports that Namibia’s aquatic exports, including fish, crustaceans, molluscs, and other aquatic invertebrates, reached a total value of N$1.2 billion in August including N$14.3 million from re-exports with the majority of exports destined for Spain. Import of the same commodities amounted to N$45.5 million during the same month.

The country imported N$45.5 million worth of fish, crustaceans, molluscs, and other aquatic invertebrates in August 2023, with a significant portion coming from South Africa. During the second quarter of 2023, Namibia’s fishing industry experienced remarkable growth, with exports reaching N$4.1 billion compared to N$3.2 billion during the same period the previous year. Spain was the top destination for fish and aquatic exports, accounting for 36.6% of the share, primarily driven by frozen hake fillets.

The Democratic Republic of Congo followed in second place, with a 15.4% share, mainly consisting of frozen mackerel. Zambia secured the third position with a 14.3% share, primarily comprising horse mackerel.

Regarding imports, the value of fish and aquatic products during the second quarter of 2023 amounted to N$173.3 million, showing a decrease from the N$274.1 million recorded in the second quarter of 2022. The majority of these imports originated from the Falkland Islands, making up 65.8% of the total share, primarily consisting of frozen cuttlefish and squid. South Africa followed with a 20.2% share, primarily comprising hake, while Spain secured a 4.5% share, mainly consisting of sardines.

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During the second quarter of 2023, a surplus of N$4 billion was achieved in the fish and aquatic products sector, marking a significant improvement compared to the N$2.9 billion recorded in the previous quarter of 2022.