Indonesia's Exports to Namibia Increased, but Imports Decreased in 2020

Indonesia's trade balance with Namibia recorded a deficit of US$3,884 thousand in 2020. This trade deficit decreased by 50.35% compared to the previous year's deficit of US$7,822 thousand.

The improvement in the trade balance, according to Trademap data, was supported by Indonesian export value reaching US$1.4 million. However, Indonesia's imports from Namibia in 2020 were higher than exports, reaching US$5.28 million.

Indonesia's exports to Namibia have shown an upward trend over the past year. The previous year's export value was US$1.36 million.

Imports, according to Trademap data, decreased by 42.52% compared to the previous year's figure of US$9.19 million.

Based on product type, 10 main export products from Indonesia to Namibia recorded a surplus in 2020. The total value of these main exports reached US$1.31 million.

List of 10 Main Indonesian Export Products to Namibia

1. (HS 84): Machinery, mechanical appliances, nuclear reactors, boilers; parts thereof


2. (HS 16): Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates


3. (HS 73): Articles of iron or steel


4. (HS 03): Fish and crustaceans, molluscs and other aquatic invertebrates


5. (HS 94): Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings;…


6. (HS 34): Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial…


7. (HS 30): Pharmaceutical products


8. (HS 19): Preparations of cereals, flour, starch or milk; pastrycooks' products


9. (HS 15): Fats and oils and their cleavage products; edible fats; animal…


10. (HS 33): Essential oils and resinoids; perfumery, cosmetic or toilet preparations

Globally, the trade balance for all goods improved due to an increase in several product categories. Indonesia's total trade balance was recorded at US$21.68 billion, an increase of 703.56%. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries worldwide was recorded at US$-3.59 billion.