Namibia: Economic and Political Overview

In this page: Economic Indicators | Foreign Trade in Figures | Sources of General Economic Information | Political Outline

Economic Indicators

After years of robust growth, the Namibian economy entered into recession in 2019 and 2020, impacted by the dissipation of temporary stimuli, a drop in raw material prices, a severe drought, and then the COVID-19 pandemic. The economy returned to growth in 2021 (3.5%) and 2022 (4.6%), supported by robust diamond, gold, and uranium production, and a gradual recovery in tourism and manufacturing. Economic activity surpassed the pre-pandemic level in 2023, when growth was estimated at 3.2%, driven by mining and recovering tourism. The IMF projects growth to remain in the 2.5–3% range over the medium term, excluding offshore oil and gas exploration activities.

Namibia has experienced a period of exceptional growth masking increasing macroeconomic imbalances, a slowdown in productivity, and a decline in external competitiveness. Nevertheless, fiscal imbalances are expected to narrow, supported by fiscal consolidation measures to mobilize additional tax revenues and increase spending efficiency. The fiscal deficit decreased from 8.6% of GDP in FY21/22 to 5.3% of GDP in FY22/23. Revenue increased by 1.2% of GDP due to one-off dividends from state-owned enterprises, primarily diamond companies, offsetting the decline in SACU receipts (1.1% of GDP); increased mineral royalties; and improved VAT compliance measures. Expenditures decreased by 2.2% of GDP. In FY23/24, the fiscal deficit was estimated at 3.9% of GDP, leading to a decrease in the public debt-to-GDP ratio to approximately 66%. However, SACU revenues, which played a crucial role in achieving this favorable result, were anticipated to decline the following year, posing a challenge to the authorities' medium-term fiscal consolidation plan. Headline inflation dropped from a peak of 7.3% (y/y) in August 2022 to an estimated average of 6% in 2023; however, core inflation remained below 5%, and inflation expectations have returned to the target range of 3–6% (IMF). The IMF recommends tackling elevated public debt and slow growth in non-resource sectors, as well as implementing fiscal consolidation to ease debt burdens and stimulate private sector growth. Strengthening Public Financial Management (PFM) and improving the performance of State-Owned Enterprises (SOEs) will enhance productivity and ensure effective management of natural resource revenues. Streamlining business regulations and ensuring policy stability will invigorate the private sector.

Namibia is one of the countries with the highest inequalities: the country more than halved the poverty rate between 1993 and 2022, but poverty incidence remains relatively high for an upper-middle-income country (at around 18% as of 2022 using the international poverty line, according to the World Bank). Nevertheless, when using the upper middle-income poverty rate (USD 6.85), the poverty rate spikes to 57.3%. Unemployment is high and affected 20% of the population in 2022 (from 21.1% one year earlier - World Bank, latest data available), with a notable disparity between rural and urban areas, as well as among women and young people. Overall, the country’s GDP per capita (PPP) was estimated at USD 11,531 in 2022 by the World Bank.

Main Indicators	2023 (E)	2024 (E)	2025 (E)	2026 (E)	2027 (E)
GDP (billions USD)	12.35	13.19	14.36	15.22	15.89
GDP (Constant Prices, Annual % Change)	4.2	3.1	4.2	3.4	2.5
GDP per Capita (USD)	4,216	4,410	4,711	4,900	5,022
General Government Gross Debt (in % of GDP)	66.1	66.7	62.5	61.9	62.7
Inflation Rate (%)	5.9	4.6	4.5	4.5	4.5
Current Account (billions USD)	-1.83	-2.10	-2.44	-2.59	-2.28
Current Account (in % of GDP)	-14.8	-15.9	-17.0	-17.0	-14.4

Source: IMF – World Economic Outlook Database , Latest available data

Note: (e) Estimated Data

Main Sectors of Industry

Namibia is one of the most important diamond exporters and the 3rd-largest uranium producer in the world. Agriculture accounts for 8.4% of the Namibian economy and employs 22% of the workforce (World Bank, latest data available), although around 70% of the population depends directly or indirectly on agriculture for their income and livelihood. The country's arid climate and geographic conditions do not favour farming, and the crop variety is rather limited: Namibia is the driest country in Sub-Saharan Africa and depends largely on groundwater (only 2% of Namibia’s land receives sufficient rainfall to grow crops). Of Namibia's entire land area, 47% is allocated for agricultural activities, with one percent of this portion categorized as arable land (FAO). Major crops include maize, millet, and sorghum. The livestock sector is productive and export-oriented, with beef accounting for the largest share of livestock exports. Fishing is another important component of the primary sector (accounting for almost 25% of all activities), as Namibian waters are rich in fish.

The secondary sector contributes 29.7% of the GDP and employs about 17% of the active population. It is characterized by the predominance of the mining industry thanks to the country's rich subsoil. Major mining products include diamonds, uranium, lead, copper, and arsenic. Diamonds account for almost 70% of all mining exports. While Namibian diamond production is less significant than neighboring countries (Botswana, South Africa, and Zimbabwe), the country is among the world's first in value per unit. Namibia also has the largest marine mine in the world. Offshore diamond production is increasing (it provides 75% of total production according to Coface), while onshore extraction is decreasing due to the exhaustion of terrestrial deposits. Additionally, Namibia is the third-largest producer of uranium in the world and is home to two mines capable of producing 10% of the world's output. Husab's uranium mine is the third-largest surface uranium mine in the world. Food processing (beef and fish) is the largest non-mining component of the secondary sector. According to the World Bank, manufacturing accounts for around 11% of GDP. Namibia's diamond mining industry faced reduced growth in 2023 due to declining international prices, with growth rates projected at 5.5% and 9.7% for 2023 and 2024, respectively, down from 45.1% in 2022. The uranium mining sector was estimated to expand by 14.8% in 2023 before moderating to 3% growth in 2024 (Bank of Namibia).

Services account for 54.2% of GDP and employ 62% of the working population. The main sub-sectors within services include tourism, financial services, retail and wholesale trade, transport and communication, and public administration. Namibia's diverse landscapes and extensive wildlife offer significant tourism assets and as such, tourism is a major source of income, its direct contribution to GDP being around 10%. The banking sector in Namibia comprises nine authorized banking institutions, including seven commercial banking institutions, a branch of a foreign bank, and a representative office (Bank of Namibia).

Breakdown of Economic Activity By Sector	Agriculture	Industry	Services
Employment By Sector (in % of Total Employment)	21.5	16.3	62.2
Value Added (in % of GDP)	7.7	30.0	53.4
Value Added (Annual % Change)	-3.4	9.2	2.7

Source: World Bank - Latest available data.

Find more information about your business sector on our service Market Reports.

Monetary Indicators	2016	2017	2018	2019	2020
Namibian Dollar (NAD) - Average Annual Exchange Rate For 1 MUR	0.41	0.39	0.39	0.41	0.42

Source: World Bank - Latest available data.

Find out all the exchange rates daily on our service Currency Converter.

Indicator of Economic Freedom

Definition

Definition:

The Economic freedom index measure ten components of economic freedom, grouped into four broad categories or pillars of economic freedom: Rule of Law (property rights, freedom from corruption); Limited Government (fiscal freedom, government spending); Regulatory Efficiency (business freedom, labour freedom, monetary freedom); and Open Markets (trade freedom, investment freedom, financial freedom). Each of the freedoms within these four broad categories is individually scored on a scale of 0 to 100. A country’s overall economic freedom score is a simple average of its scores on the 10 individual freedoms.

Score:: 62,6/100
World Rank:: 83
Regional Rank:: 6

Economic freedom in the world (interactive map)
Source: Index of Economic Freedom, Heritage Foundation

Country Risk

See the country risk analysis provided by Coface.

Foreign Trade in Figures

Namibia is very open to foreign trade, which represents 92% of the country’s GDP (World Bank). Customs duties are low, but some trade barriers remain, including a number of import and export restrictions, mostly on agricultural products. The country's economy is closely linked to that of South Africa, with the Namibian dollar pegged to the South African rand. The country is a member of the SACU (Southern African Customs Union) and SADC (Southern African Development Community). Namibia also ratified the African Continental Free Trade Agreement. In 2016, the EU signed an EPA with the SADC EPA Group comprising Botswana, Lesotho, Mozambique, Namibia, South Africa and Swaziland. According to 2022 data by Comtrade, the country’s main exports are diamonds (27.1% of the total), gold (6.9%), petroleum oils (6.3%), fish fillets and other fish meat (5.3%), frozen fish (5.1%), and copper ores and concentrates (3.5%); whereas imports are led by petroleum oils (17.3%), copper ores and concentrates (4.5%), diamonds (3.3%), motor vehicles for the transport of goods (3.1%), and precious-metal ores and concentrates (2.2%).

Namibia's exports are mainly directed to South Africa (16.3%), Botswana (16.1%), China (11.5%), Zambia (7.2%), the Democratic Republic of Congo (5.2%), and the Netherlands (5.1%). South Africa (38.9%), China (7.6%), India (4.7%), the United Arab Emirates (3.8%), and the United States (3.3%) are the main suppliers (Comtrade, latest data available).

Namibia’s trade balance is structurally in deficit because of the country’s high demand for high-valued manufactured commodities and machinery, and exports of mainly primary commodities that are of low value, with the exception of diamonds. In 2022, merchandise exports amounted to USD 6.3 billion (-12.7% year-on-year), while imports decreased at a faster pace and stood at USD 7.9 billion (-20%%). In the same year, exports of services reached USD 925 million, while imports amounted to USD 854 million (WTO). Overall, the World Bank estimated the country’s trade deficit at 18.3% of its GDP (stable compared to one year earlier). According to preliminary figures by Namibia’s Statistics Agency, in 2022 the value of exports reached NAD 104.4 billion via-à-vis NAD 136.8 billion in imports.

Foreign Trade Indicators	2019	2020	2021	2022	2023
Imports of Goods (million USD)	8,086	5,038	6,377	7,795	7,090
Exports of Goods (million USD)	6,256	3,868	4,417	5,828	5,930
Imports of Services (million USD)	627	747	1,010	1,093	1,973
Exports of Services (million USD)	702	684	673	923	999
Imports of Goods and Services (Annual % Change)	-4.0	-15.0	20.2	23.0	22.7
Exports of Goods and Services (Annual % Change)	-8.7	-16.6	-2.1	22.9	14.1
Imports of Goods and Services (in % of GDP)	46.5	43.2	51.6	58.8	66.2
Exports of Goods and Services (in % of GDP)	36.4	33.7	32.0	40.3	43.4
Trade Balance (million USD)	-1,301	-940	-1,786	-1,940	-1,636
Trade Balance (Including Service) (million USD)	-1,225	-1,003	-2,114	-2,064	-2,592
Foreign Trade (in % of GDP)	82.9	76.9	83.5	99.1	109.6

Source: WTO – World Trade Organisation ; World Bank , Latest Available Data

Main Partner Countries

Main Customers (% of Exports)	2023
Botswana	19.3%
South Africa	18.6%
China	12.5%
Zambia	5.6%
Belgium	5.3%
Spain	5.0%
United Arab Emirates	4.3%
Netherlands	3.3%
Democratic Republic of Congo	2.8%
France	2.7%
Canada	2.3%
Hong Kong SAR, China	1.4%
United States	1.1%
United Kingdom	1.0%
Italy	1.0%
India	0.9%
Zimbabwe	0.8%
Mozambique	0.7%
Angola	0.7%
Germany	0.6%
See More Countries	38.6%

Main Suppliers (% of Imports)	2023
South Africa	35.7%
China	8.9%
India	6.7%
United Arab Emirates	4.3%
Namibia	3.9%
United States	3.4%
Saudi Arabia	3.3%
Peru	3.0%
Oman	2.3%
Germany	2.2%
Malaysia	1.9%
United Kingdom	1.7%
Switzerland	1.6%
Japan	1.5%
Zambia	1.0%
Netherlands	1.0%
Singapore	1.0%
Italy	0.9%
Spain	0.8%
Democratic Republic of Congo	0.8%
See More Countries	40.4%

Source: Comtrade, Latest Available Data

Main Products

5.5 bn USD of products exported in 2023
Diamonds, whether or not worked, but not mounted...Diamonds, whether or not worked, but not mounted or set (excl. unmounted stones for pick-up styluses, worked stones, suitable for use as parts of meters, measuring instruments or other articles of chapter 90)	29.4%
Gold, incl. gold plated with platinum, unwrought...Gold, incl. gold plated with platinum, unwrought or not further worked than semi-manufactured or in powder form	11.4%
Fish fillets and other fish meat, whether or not...Fish fillets and other fish meat, whether or not minced, fresh, chilled or frozen	6.6%
Frozen fish (excl. fish fillets and other fish...Frozen fish (excl. fish fillets and other fish meat of heading 0304)	5.3%
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals	5.2%
Copper, refined, and copper alloys, unwrought ...Copper, refined, and copper alloys, unwrought (excl. copper alloys of heading 7405)	4.5%
Unused postage, revenue or similar stamps of...Unused postage, revenue or similar stamps of current or new issue in the country in which they have, or will have, a recognised face value; stamp-impressed paper; banknotes; cheque forms; stock, share or bond certificates and similar documents of title	1.4%
Wood charcoal, incl. shell or nut charcoal,...Wood charcoal, incl. shell or nut charcoal, whether or not agglomerated (excl. wood charcoal used as a medicament, charcoal mixed with incense, activated charcoal and charcoal in the form of crayons)	1.0%
Zinc ores and concentratesZinc ores and concentrates	0.9%
Prepared binders for foundry moulds or cores;...Prepared binders for foundry moulds or cores; chemical products and preparations for the chemical or allied industries, incl. mixtures of natural products, n.e.s.	0.8%
Grapes, fresh or driedGrapes, fresh or dried	0.7%
Live sheep and goatsLive sheep and goats	0.7%
Live bovine animalsLive bovine animals	0.7%
New pneumatic tyres, of rubberNew pneumatic tyres, of rubber	0.7%
Diodes, transistors and similar semiconductor...Diodes, transistors and similar semiconductor devices; photosensitive semiconductor devices, incl. photovoltaic cells whether or not assembled in modules or made up into panels (excl. photovotaic generators); light emitting diodes; mounted piezoelectric crystals; parts thereof	0.7%
Copper ores and concentratesCopper ores and concentrates	0.7%
Salts, incl. table salt and denatured salt, and...Salts, incl. table salt and denatured salt, and pure sodium chloride, whether or not in aqueous solution or containing added anti-caking or free-flowing agents; sea water	0.6%
Meat of bovine animals, frozenMeat of bovine animals, frozen	0.6%
Crustaceans, whether in shell or not, live, fresh,...Crustaceans, whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine, even smoked, incl. crustaceans in shell cooked by steaming or by boiling in water; flours, meals and pellets of crustaceans, fit for human consumption	0.5%
Motor vehicles for the transport of goods, incl....Motor vehicles for the transport of goods, incl. chassis with engine and cab	0.5%
Marble, travertine, ecaussine and other calcareous...Marble, travertine, ecaussine and other calcareous monumental or building stone of an apparent specific gravity of >= 2,5, and alabaster, whether or not roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a square or rectangular shape (excl. in the form of granules, chippings or powder)	0.5%
Molluscs, fit for human consumption, even smoked,...Molluscs, fit for human consumption, even smoked, whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; flours, meals and pellets of molluscs, fit for human consumption	0.4%
Ferrous waste and scrap; remelting scrap ingots of...Ferrous waste and scrap; remelting scrap ingots of iron or steel (excl. slag, scale and other waste from the production of iron or steel; radioactive waste and scrap; fragments of pigs, blocks or other primary forms of pig iron or spiegeleisen)	0.4%
Meat of bovine animals, fresh or chilledMeat of bovine animals, fresh or chilled	0.4%
Sulphur of all kinds (excl. sublimed sulphur,...Sulphur of all kinds (excl. sublimed sulphur, precipitated sulphur and colloidal sulphur)	0.4%
Tin ores and concentratesTin ores and concentrates	0.4%
Nickel ores and concentratesNickel ores and concentrates	0.3%
Meat and edible offal of fowls of the species...Meat and edible offal of fowls of the species gallus domesticus, ducks, geese, turkeys and guinea fowls, fresh, chilled or frozen	0.3%
Pasta, whether or not cooked or stuffed with meat...Pasta, whether or not cooked or stuffed with meat or other substances or otherwise prepared, such as spaghetti, macaroni, noodles, lasagne, gnocchi, ravioli, cannelloni; couscous, whether or not prepared	0.3%
Fish, fresh or chilled (excl. fish fillets and...Fish, fresh or chilled (excl. fish fillets and other fish meat of heading 0304)	0.3%
Self-propelled bulldozers, angledozers, graders,...Self-propelled bulldozers, angledozers, graders, levellers, scrapers, mechanical shovels, excavators, shovel loaders, tamping machines and roadrollers	0.3%
Monumental or building stone, natural (excl. slate...Monumental or building stone, natural (excl. slate), worked, and articles; mosaic cubes etc. of natural stone, incl. slate, whether or not on a backing; artificially coloured granules, chippings, powder, of natural stone, incl. slate (excl. setts, curbstones, flagstones; articles of fused basalt and of fired steatite; jewellery, clocks, lamps and parts; buttons, chalks, original sculptures and statuary)	0.3%
Parts suitable for use solely or principally with...Parts suitable for use solely or principally with the machinery of heading 8425 to 8430, n.e.s.	0.2%
Cobalt oxides and hydroxides; commercial cobalt...Cobalt oxides and hydroxides; commercial cobalt oxides	0.2%
Machinery for sorting, screening, separating,...Machinery for sorting, screening, separating, washing, crushing, grinding, mixing or kneading earth, stone, ores or other mineral substances, in solid, incl. powder or paste, form; machinery for agglomerating, shaping or moulding solid mineral fuels, ceramic paste, unhardened cements, plastering materials or other mineral products in powder or paste form; machines for forming foundry moulds of sand; parts thereof	0.2%
Moving, grading, levelling, scraping, excavating,...Moving, grading, levelling, scraping, excavating, tamping, compacting, extracting or boring machinery, for earth, minerals or ores; pile-drivers and pile-extractors; snowploughs and snowblowers (excl. those mounted on railway wagons, motor vehicle chassis or lorries, self-propelled machinery of heading 8429, lifting, handling, loading or unloading machinery of heading 8425 to 8428 and hand-operated tools)	0.2%
Waste and scrap, of copper (excl. ingots or other...Waste and scrap, of copper (excl. ingots or other similar unwrought shapes, of remelted copper waste and scrap, ashes and residues containing copper, and waste and scrap of primary cells, primary batteries and electric accumulators)	0.2%
Lead ores and concentratesLead ores and concentrates	0.2%
Vermiculite, perlite and other mineral substances,...Vermiculite, perlite and other mineral substances, n.e.s.	0.2%
Undenatured ethyl alcohol of an alcoholic strength...Undenatured ethyl alcohol of an alcoholic strength of < 80%; spirits, liqueurs and other spirituous beverages (excl. compound alcoholic preparations of a kind used for the manufacture of beverages)	0.2%
Flours, meals and pellets, of meat or meat offal,...Flours, meals and pellets, of meat or meat offal, of fish or of crustaceans, molluscs or other aquatic invertebrates, unfit for human consumption; greaves	0.2%
Tractors (other than tractors of heading 8709)Tractors (other than tractors of heading 8709)	0.2%
Powered aircraft "e.g. helicopters and aeroplanes...Powered aircraft "e.g. helicopters and aeroplanes"; spacecraft, incl. satellites, and suborbital and spacecraft launch vehicles	0.1%
Coal; briquettes, ovoids and similar solid fuels...Coal; briquettes, ovoids and similar solid fuels manufactured from coal	0.1%
Organic surface-active agents (excl. soap);...Organic surface-active agents (excl. soap); surface-active preparations, washing preparations, incl. auxiliary washing preparations, and cleaning preparations, whether or not containing soap (excl. those of heading 3401)	0.1%
Petroleum coke, petroleum bitumen and other...Petroleum coke, petroleum bitumen and other residues of petroleum oil or of oil obtained from bituminous minerals, n.e.s.	0.1%
Dates, figs, pineapples, avocados, guavas, mangoes...Dates, figs, pineapples, avocados, guavas, mangoes and mangosteens, fresh or dried	0.1%
Prepared or preserved fish; caviar and caviar...Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs	0.1%
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702)	0.1%
Telephone sets, incl. telephones for cellular...Telephone sets, incl. telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, incl. apparatus for communication in a wired or wireless network [such as a local or wide area network]; parts thereof (excl. than transmission or reception apparatus of heading 8443, 8525, 8527 or 8528)	0.1%
Leather further prepared after tanning or crusting...Leather further prepared after tanning or crusting "incl. parchment-dressed leather", of bovine "incl. buffalo" or equine animals, without hair on, whether or not split (excl. chamois leather, patent leather and patent laminated leather, and metallised leather)	0.1%
See More Products	42.1%

7.2 bn USD of products imported in 2023
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals	21.2%
Diamonds, whether or not worked, but not mounted...Diamonds, whether or not worked, but not mounted or set (excl. unmounted stones for pick-up styluses, worked stones, suitable for use as parts of meters, measuring instruments or other articles of chapter 90)	4.5%
Copper ores and concentratesCopper ores and concentrates	3.5%
Motor vehicles for the transport of goods, incl....Motor vehicles for the transport of goods, incl. chassis with engine and cab	1.9%
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702)	1.6%
New pneumatic tyres, of rubberNew pneumatic tyres, of rubber	1.5%
Parts suitable for use solely or principally with...Parts suitable for use solely or principally with the machinery of heading 8425 to 8430, n.e.s.	1.3%
Diodes, transistors and similar semiconductor...Diodes, transistors and similar semiconductor devices; photosensitive semiconductor devices, incl. photovoltaic cells whether or not assembled in modules or made up into panels (excl. photovotaic generators); light emitting diodes; mounted piezoelectric crystals; parts thereof	1.2%
Telephone sets, incl. telephones for cellular...Telephone sets, incl. telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, incl. apparatus for communication in a wired or wireless network [such as a local or wide area network]; parts thereof (excl. than transmission or reception apparatus of heading 8443, 8525, 8527 or 8528)	1.2%
Medicaments consisting of mixed or unmixed...Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses "incl. those in the form of transdermal administration" or in forms or packings for retail sale (excl. goods of heading 3002, 3005 or 3006)	1.2%
Prepared binders for foundry moulds or cores;...Prepared binders for foundry moulds or cores; chemical products and preparations for the chemical or allied industries, incl. mixtures of natural products, n.e.s.	1.1%
Parts and accessories for tractors, motor vehicles...Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading 8701 to 8705, n.e.s.	1.1%
Cane or beet sugar and chemically pure sucrose, in...Cane or beet sugar and chemically pure sucrose, in solid form	1.1%
Self-propelled bulldozers, angledozers, graders,...Self-propelled bulldozers, angledozers, graders, levellers, scrapers, mechanical shovels, excavators, shovel loaders, tamping machines and roadrollers	1.0%
Cobalt oxides and hydroxides; commercial cobalt...Cobalt oxides and hydroxides; commercial cobalt oxides	0.9%
Wheat and meslinWheat and meslin	0.8%
Beer made from maltBeer made from malt	0.8%
Pumps for liquids, whether or not fitted with a...Pumps for liquids, whether or not fitted with a measuring device (excl. ceramic pumps and secretion aspirating pumps for medical use and medical pumps carried on or implanted in the body); liquid elevators (excl. pumps); parts thereof	0.7%
Machinery for sorting, screening, separating,...Machinery for sorting, screening, separating, washing, crushing, grinding, mixing or kneading earth, stone, ores or other mineral substances, in solid, incl. powder or paste, form; machinery for agglomerating, shaping or moulding solid mineral fuels, ceramic paste, unhardened cements, plastering materials or other mineral products in powder or paste form; machines for forming foundry moulds of sand; parts thereof	0.7%
Electrical transformers, static converters, e.g....Electrical transformers, static converters, e.g. rectifiers, and inductors; parts thereof	0.7%
Automatic data-processing machines and units...Automatic data-processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, n.e.s.	0.7%
Maize or cornMaize or corn	0.6%
Nickel ores and concentratesNickel ores and concentrates	0.6%
Organic surface-active agents (excl. soap);...Organic surface-active agents (excl. soap); surface-active preparations, washing preparations, incl. auxiliary washing preparations, and cleaning preparations, whether or not containing soap (excl. those of heading 3401)	0.6%
Other bars and rods of alloy steel other than...Other bars and rods of alloy steel other than stainless, angles, shapes and sections of alloy steel other than stainless, n.e.s.; hollow drill bars and rods, of alloy or non-alloy steel	0.6%
Mineral or chemical fertilisers containing two or...Mineral or chemical fertilisers containing two or three of the fertilising elements nitrogen, phosphorus and potassium; other fertilisers (excl. pure animal or vegetable fertilisers or mineral or chemical nitrogenous, phosphatic or potassic fertilisers); animal, vegetable, mineral or chemical fertilisers in tablets or similar forms or in packages of a gross weight of <= 10 kg	0.6%
Preparations of a kind used in animal feedingPreparations of a kind used in animal feeding	0.6%
Articles for the conveyance or packaging of goods,...Articles for the conveyance or packaging of goods, of plastics; stoppers, lids, caps and other closures, of plastics	0.6%
Undenatured ethyl alcohol of an alcoholic strength...Undenatured ethyl alcohol of an alcoholic strength of < 80%; spirits, liqueurs and other spirituous beverages (excl. compound alcoholic preparations of a kind used for the manufacture of beverages)	0.6%
Instruments and appliances used in medical,...Instruments and appliances used in medical, surgical, dental or veterinary sciences, incl. scintigraphic apparatus, other electro-medical apparatus and sight-testing instruments, n.e.s.	0.6%
Tractors (other than tractors of heading 8709)Tractors (other than tractors of heading 8709)	0.5%
Articles of iron or steel, n.e.s. (excl. cast...Articles of iron or steel, n.e.s. (excl. cast articles)	0.5%
Wine of fresh grapes, incl. fortified wines; grape...Wine of fresh grapes, incl. fortified wines; grape must, partly fermented and of an actual alcoholic strength of > 0,5% vol or grape must with added alcohol of an actual alcoholic strength of > 0,5% vol	0.5%
Insulated "incl. enamelled or anodised" wire,...Insulated "incl. enamelled or anodised" wire, cable "incl. coaxial cable" and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors	0.5%
Centrifuges, incl. centrifugal dryers (excl. those...Centrifuges, incl. centrifugal dryers (excl. those for isotope separation); filtering or purifying machinery and apparatus, for liquids or gases; parts thereof (excl. artificial kidneys)	0.5%
Beauty or make-up preparations and preparations...Beauty or make-up preparations and preparations for the care of the skin, incl. sunscreen or suntan preparations (excl. medicaments); manicure or pedicure preparations	0.5%
Taps, cocks, valves and similar appliances for...Taps, cocks, valves and similar appliances for pipes, boiler shells, tanks, vats or the like, incl. pressure-reducing valves and thermostatically controlled valves; parts thereof	0.5%
Medicaments consisting of two or more constituents...Medicaments consisting of two or more constituents mixed together for therapeutic or prophylactic uses, not in measured doses or put up for retail sale (excl. goods of heading 3002, 3005 or 3006)	0.5%
Mineral or chemical nitrogenous fertilisers (excl....Mineral or chemical nitrogenous fertilisers (excl. those in pellet or similar forms, or in packages with a gross weight of <= 10 kg)	0.4%
Sunflower-seed, safflower or cotton-seed oil and...Sunflower-seed, safflower or cotton-seed oil and fractions thereof, whether or not refined, but not chemically modified	0.4%
Fishing vessels; factory ships and other vessels...Fishing vessels; factory ships and other vessels for processing or preserving fishery products (excl. fishing boats for sport)	0.4%
Powered aircraft "e.g. helicopters and aeroplanes...Powered aircraft "e.g. helicopters and aeroplanes"; spacecraft, incl. satellites, and suborbital and spacecraft launch vehicles	0.4%
Machines and mechanical appliances having...Machines and mechanical appliances having individual functions, not specified or included elsewhere in this chapter; parts thereof	0.4%
Parts suitable for use solely or principally with...Parts suitable for use solely or principally with internal combustion piston engine of heading 8407 or 8408	0.4%
Meat and edible offal of fowls of the species...Meat and edible offal of fowls of the species gallus domesticus, ducks, geese, turkeys and guinea fowls, fresh, chilled or frozen	0.4%
Sulphur of all kinds (excl. sublimed sulphur,...Sulphur of all kinds (excl. sublimed sulphur, precipitated sulphur and colloidal sulphur)	0.4%
Sulphuric acid; oleumSulphuric acid; oleum	0.4%
Printing machinery used for printing by means of...Printing machinery used for printing by means of plates, cylinders and other printing components of heading 8442 (excl. hectograph or stencil duplicating machines, addressing machines and other office printing machines of heading 8469 to 8472); other printers, copying machines and facsimile machines, whether or not combined; parts thereof	0.4%
Soap; organic surface-active products and...Soap; organic surface-active products and preparations for use as soap, in the form of bars, cakes, moulded pieces or shapes, whether or not containing soap; organic surface-active products and preparations for washing the skin, in the form of liquid or cream and put up for retail sale, whether or not containing soap; paper, wadding, felt and nonwovens, impregnated, coated or covered with soap or detergent	0.3%
Malt, whether or not roastedMalt, whether or not roasted	0.3%
Refrigerators, freezers and other refrigerating or...Refrigerators, freezers and other refrigerating or freezing equipment, electric or other; heat pumps; parts thereof (excl. air conditioning machines of heading 8415)	0.3%
Tubes, pipes and hollow profiles, seamless, of...Tubes, pipes and hollow profiles, seamless, of iron or steel (excl. products of cast iron)	0.3%
Electric accumulators, incl. separators therefor,...Electric accumulators, incl. separators therefor, whether or not square or rectangular; parts thereof (excl. spent and those of unhardened rubber or textiles)	0.3%
Structures and parts of structures "e.g., bridges...Structures and parts of structures "e.g., bridges and bridge-sections, lock-gates, towers, lattice masts, roofs, roofing frameworks, doors and windows and their frames and thresholds for doors, shutters, balustrades, pillars and columns", of iron or steel; plates, rods, angles, shapes, sections, tubes and the like, prepared for use in structures, of iron or steel (excl. prefabricated buildings of heading 9406)	0.3%
Cigars, cheroots, cigarillos and cigarettes of...Cigars, cheroots, cigarillos and cigarettes of tobacco or of tobacco substitutes	0.3%
Moving, grading, levelling, scraping, excavating,...Moving, grading, levelling, scraping, excavating, tamping, compacting, extracting or boring machinery, for earth, minerals or ores; pile-drivers and pile-extractors; snowploughs and snowblowers (excl. those mounted on railway wagons, motor vehicle chassis or lorries, self-propelled machinery of heading 8429, lifting, handling, loading or unloading machinery of heading 8425 to 8428 and hand-operated tools)	0.3%
Electric generating sets and rotary convertersElectric generating sets and rotary converters	0.3%
Fruit juices, incl. grape must, and vegetable...Fruit juices, incl. grape must, and vegetable juices, unfermented, not containing added spirit, whether or not containing added sugar or other sweetening matter	0.3%
Waters, incl. mineral waters and aerated waters,...Waters, incl. mineral waters and aerated waters, containing added sugar or other sweetening matter or flavoured, and other non-alcoholic beverages (excl. fruit or vegetable juices and milk)	0.3%
Furniture and parts thereof, n.e.s. (excl. seats...Furniture and parts thereof, n.e.s. (excl. seats and medical, surgical, dental or veterinary furniture)	0.3%
Sanitary towels (pads) and tampons, napkins and...Sanitary towels (pads) and tampons, napkins and napkin liners for babies, and similar articles, of any material	0.3%
Cartons, boxes, cases, bags and other packing...Cartons, boxes, cases, bags and other packing containers, of paper, paperboard, cellulose wadding or webs of cellulose fibres, n.e.s.; box files, letter trays, and similar articles, of paperboard of a kind used in offices, shops or the like	0.3%
Sauce and preparations therefor; mixed condiments...Sauce and preparations therefor; mixed condiments and mixed seasonings; mustard flour and meal, whether or not prepared, and mustard	0.3%
Transmission shafts, incl. camshafts and...Transmission shafts, incl. camshafts and crankshafts, and cranks; bearing housings and plain shaft bearings for machines; gears and gearing; ball or roller screws, gear boxes and other speed changers, incl. torque converters; flywheels and pulleys, incl. pulley blocks, clutches and shaft couplings, incl. universal joints; parts thereof	0.3%
Bread, pastry, cakes, biscuits and other bakers'...Bread, pastry, cakes, biscuits and other bakers' wares, whether or not containing cocoa; communion wafers, empty cachets of a kind suitable for pharmaceutical use, sealing wafers, rice paper and similar products	0.3%
Sugar confectionery not containing cocoa, incl....Sugar confectionery not containing cocoa, incl. white chocolate	0.3%
Polymers of ethylene, in primary formsPolymers of ethylene, in primary forms	0.3%
Articles of plastics and articles of other...Articles of plastics and articles of other materials of heading 3901 to 3914, n.e.s.	0.3%
Food preparations, n.e.s.Food preparations, n.e.s.	0.3%
Tubes, pipes and hoses, and fittings therefor, e.g...Tubes, pipes and hoses, and fittings therefor, e.g. joints, elbows, flanges, of plastics	0.3%
Electric instantaneous or storage water heaters...Electric instantaneous or storage water heaters and immersion heaters; electric space-heating apparatus and soil-heating apparatus; electro-thermic hairdressing apparatus, e.g. hairdryers, hair curlers and curling tong heaters, and hand dryers; electric smoothing irons; other electro-thermic appliances of a kind used for domestic purposes; electric heating resistors (other than those of heading 8545); parts thereof	0.3%
Shaving preparations, incl. pre-shave and...Shaving preparations, incl. pre-shave and aftershave products, personal deodorants, bath and shower preparations, depilatories and other perfumery, toilet or cosmetic preparations, n.e.s.; prepared room deodorisers, whether or not perfumed or having disinfectant properties	0.3%
Footwear with outer soles and uppers of rubber or...Footwear with outer soles and uppers of rubber or plastics (excl. waterproof footwear of heading 6401, orthopaedic footwear, skating boots with ice or roller skates attached, and toy footwear)	0.2%
Natural magnesium carbonate "magnesite"; fused...Natural magnesium carbonate "magnesite"; fused magnesia; dead-burned "sintered" magnesia, whether or not containing small quantities of other oxides added before sintering; other magnesium oxide, whether or not pure	0.2%
Flat-rolled products of iron or non-alloy steel,...Flat-rolled products of iron or non-alloy steel, of a width >= 600 mm, hot-rolled or cold-rolled "cold-reduced", clad, plated or coated	0.2%
Acrylic polymers, in primary formsAcrylic polymers, in primary forms	0.2%
Toilet paper and similar paper, cellulose wadding...Toilet paper and similar paper, cellulose wadding or webs of cellulose fibres, of a kind used for household or sanitary purposes, in rolls of a width <= 36 cm, or cut to size or shape; handkerchiefs, cleansing tissues, towels, tablecloths, serviettes, bedsheets and similar household, sanitary or hospital articles, articles of apparel and clothing accessories, of paper pulp, paper, cellulose wadding or webs of cellulose fibres	0.2%
Men's or boys' suits, ensembles, jackets, blazers,...Men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (excl. knitted or crocheted, wind-jackets and similar articles, separate waistcoats, tracksuits, ski suits and swimwear)	0.2%
Parts of aircraft and spacecraft of heading 8801...Parts of aircraft and spacecraft of heading 8801 or 8802, n.e.s.	0.2%
Human blood; animal blood prepared for therapeutic...Human blood; animal blood prepared for therapeutic, prophylactic or diagnostic uses; antisera and other blood fractions and immunological products, whether or not modified or obtained by means of biotechnological processes; vaccines, toxins, cultures of micro-organisms (excl. yeasts) and similar products	0.2%
Other paper and paperboard, uncoated, in rolls of...Other paper and paperboard, uncoated, in rolls of a width > 36 cm or in square or rectangular sheets with one side > 36 cm and the other side > 15 cm in the unfolded state, not worked other than as specified in note 3 to this chapter, n.e.s.	0.2%
Prepared foods obtained by the swelling or...Prepared foods obtained by the swelling or roasting of cereals or cereal products, e.g. corn flakes; cereals (other than maize "corn") in grain form or in the form of flakes or other worked grains (except flour, groats and meal), pre-cooked or otherwise prepared, n.e.s.	0.2%
RiceRice	0.2%
Women's or girls' suits, ensembles, jackets,...Women's or girls' suits, ensembles, jackets, blazers, dresses, skirts, divided skirts, trousers, bib and brace overalls, breeches and shorts (excl. knitted or crocheted, wind-jackets and similar articles, slips, petticoats and panties, tracksuits, ski suits and swimwear)	0.2%
Trailers and semi-trailers; other vehicles, not...Trailers and semi-trailers; other vehicles, not mechanically propelled (excl. railway and tramway vehicles); parts thereof, n.e.s.	0.2%
T-shirts, singlets and other vests, knitted or...T-shirts, singlets and other vests, knitted or crocheted	0.2%
Cheese and curdCheese and curd	0.2%
Insecticides, rodenticides, fungicides, herbicides...Insecticides, rodenticides, fungicides, herbicides, anti-sprouting products and plant-growth regulators, disinfectants and similar products, put up for retail sale or as preparations or articles, e.g. sulphur-treated bands, wicks and candles, and fly-papers	0.2%
Chocolate and other food preparations containing...Chocolate and other food preparations containing cocoa	0.2%
Monitors and projectors, not incorporating...Monitors and projectors, not incorporating television reception apparatus; reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus	0.2%
Cider, perry, mead and other fermented beverages...Cider, perry, mead and other fermented beverages and mixtures of fermented beverages and non-alcoholic beverages, n.e.s. (excl. beer, wine or fresh grapes, grape must, vermouth and other wine of fresh grapes flavoured with plants or aromatic substances)	0.2%
Air or vacuum pumps (excl. gas compound elevators...Air or vacuum pumps (excl. gas compound elevators and pneumatic elevators and conveyors); air or other gas compressors and fans; ventilating or recycling hoods incorporating a fan, whether or not fitted with filters; parts thereof	0.2%
Tube or pipe fittings "e.g. couplings, elbows,...Tube or pipe fittings "e.g. couplings, elbows, sleeves", of iron or steel	0.2%
Screws, bolts, nuts, coach screws, screw hooks,...Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter pins, washers, incl. spring washers, and similar articles, of iron or steel (excl. lag screws, stoppers, plugs and the like, threaded)	0.2%
Seats, whether or not convertible into beds, and...Seats, whether or not convertible into beds, and parts thereof, n.e.s. (excl. medical, surgical, dental or veterinary of heading 9402)	0.2%
Paints and varnishes, incl. enamels and lacquers,...Paints and varnishes, incl. enamels and lacquers, based on synthetic polymers or chemically modified natural polymers, dispersed or dissolved in an aqueous medium	0.2%
Electric motors and generators (excl. generating...Electric motors and generators (excl. generating sets)	0.2%
Surveying, incl. photogrammetrical surveying,...Surveying, incl. photogrammetrical surveying, hydrographic, oceanographic, hydrological, meteorological or geophysical instruments and appliances (excl. compasses); rangefinders	0.2%
Manganese oxidesManganese oxides	0.2%
Precious-metal ores and concentratesPrecious-metal ores and concentrates	0.2%
Men's or boys' suits, ensembles, jackets, blazers,...Men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (excl. wind-jackets and similar articles, separate waistcoats, tracksuits, ski suits and swimwear)	0.2%
Petroleum gas and other gaseous hydrocarbonsPetroleum gas and other gaseous hydrocarbons	0.2%
Molluscs, fit for human consumption, even smoked,...Molluscs, fit for human consumption, even smoked, whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; flours, meals and pellets of molluscs, fit for human consumption	0.2%
Articles of vulcanised rubber (excl. hard rubber),...Articles of vulcanised rubber (excl. hard rubber), n.e.s.	0.2%
Compression-ignition internal combustion piston...Compression-ignition internal combustion piston engine "diesel or semi-diesel engine"	0.2%
Frozen fish (excl. fish fillets and other fish...Frozen fish (excl. fish fillets and other fish meat of heading 0304)	0.2%
Prepared or preserved fish; caviar and caviar...Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs	0.2%
Malt extract; food preparations of flour, groats,...Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing < 40% by weight of cocoa calculated on a totally defatted basis, n.e.s.; food preparations of milk, cream, butter milk, sour milk, sour cream, whey, yogurt, kephir, and similar goods of heading 0401 to 0404, not containing cocoa or containing < 5% by weight of cocoa calculated on a totally defatted basis, n.e.s.	0.2%
Petroleum coke, petroleum bitumen and other...Petroleum coke, petroleum bitumen and other residues of petroleum oil or of oil obtained from bituminous minerals, n.e.s.	0.2%
Trunks, suitcases, vanity cases, executive-cases,...Trunks, suitcases, vanity cases, executive-cases, briefcases, school satchels, spectacle cases, binocular cases, camera cases, musical instrument cases, gun cases, holsters and similar containers; travelling-bags, insulated food or beverage bags, toilet bags, rucksacks, handbags, shopping-bags, wallets, purses, map-cases, cigarette-cases, tobacco-pouches, tool bags, sports bags, bottle-cases, jewellery boxes, powder-boxes, cutlery cases and similar containers, of leather or of composition leather, of sheeting of plastics, of textile materials, of vulcanised fibre or of paperboard, or wholly or mainly covered with such materials or with paper	0.2%
Milk and cream, not concentrated nor containing...Milk and cream, not concentrated nor containing added sugar or other sweetening matter	0.2%
Dishwashing machines; machinery for cleaning or...Dishwashing machines; machinery for cleaning or drying bottles or other containers; machinery for filling, closing, sealing or labelling bottles, cans, boxes, bags or other containers; machinery for capsuling bottles, jars, tubes and similar containers; other packing or wrapping machinery, incl. heat-shrink wrapping machinery; machinery for aerating beverages; parts thereof	0.2%
Other vegetables prepared or preserved otherwise...Other vegetables prepared or preserved otherwise than by vinegar or acetic acid, not frozen (excl. preserved by sugar, and tomatoes, mushrooms and truffles)	0.2%
Wood sawn or chipped lengthwise, sliced or peeled,...Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness of > 6 mm	0.2%
Angles, shapes and sections of iron or non-alloy...Angles, shapes and sections of iron or non-alloy steel, n.e.s.	0.2%
Ginger, saffron, turmeric "curcuma", thyme, bay...Ginger, saffron, turmeric "curcuma", thyme, bay leaves, curry and other spices (excl. pepper of the genus piper, fruit of the genus capsicum or of the genus pimenta, vanilla, cinnamon, cinnamontree flowers, cloves [wholefruit], clove stems, nutmeg, mace, cardamoms, seeds of anise, badian, fennel, coriander, cumin and caraway, and juniper berries)	0.2%
Mixtures of odoriferous substances and mixtures,...Mixtures of odoriferous substances and mixtures, incl. alcoholic solutions, based on one or more of these substances, of a kind used as raw materials in industry; other preparations based on odoriferous substances, of a kind used for the manufacture of beverages	0.2%
Tools, interchangeable, for hand tools, whether or...Tools, interchangeable, for hand tools, whether or not power-operated, or for machine tools "e.g. for pressing, stamping, punching, tapping, threading, drilling, boring, broaching, milling, turning or screw driving", incl. dies for drawing or extruding metal, and rock-drilling or earth-boring tools	0.2%
Diagnostic or laboratory reagents on a backing,...Diagnostic or laboratory reagents on a backing, prepared diagnostic or laboratory reagents whether or not on a backing, and certified reference materials (excl. compound diagnostic reagents designed to be administered to the patient, blood-grouping reagents, animal blood prepared for therapeutic, prophylactic or diagnostic uses and vaccines, toxins, cultures of micro-organisms and similar products)	0.2%
Special purpose motor vehicles (other than those...Special purpose motor vehicles (other than those principally designed for the transport of persons or goods), e.g. breakdown lorries, crane lorries, fire fighting vehicles, concrete-mixer lorries, road sweeper lorries, spraying lorries, mobile workshops and mobile radiological units	0.2%
Sacks and bags, of a kind used for the packing of...Sacks and bags, of a kind used for the packing of goods, of all types of textile materials	0.2%
Tubes and pipes, having circular cross-sections...Tubes and pipes, having circular cross-sections and an external diameter of > 406,4 mm, of flat-rolled products of iron or steel "e.g., welded, riveted or similarly closed"	0.2%
Instruments and apparatus for measuring or...Instruments and apparatus for measuring or checking the flow, level, pressure or other variables of liquids or gases, e.g. flow meters, level gauges, manometers, heat meters (excl. instruments and apparatus of heading 9014, 9015, 9028 or 9032)	0.2%
Lamps and lighting fittings, incl. searchlights...Lamps and lighting fittings, incl. searchlights and spotlights, and parts thereof, n.e.s; illuminated signs, illuminated nameplates and the like having a permanently fixed light source, and parts thereof, n.e.s.	0.2%
Instruments and apparatus for physical or chemical...Instruments and apparatus for physical or chemical analysis, e.g. polarimeters, refractometers, spectrometers, gas or smoke analysis apparatus; instruments and apparatus for measuring or checking viscosity, porosity, expansion, surface tension or the like; instruments and apparatus for measuring or checking quantities of heat, sound or light, incl. exposure meters; microtomes	0.1%
Potatoes, fresh or chilledPotatoes, fresh or chilled	0.1%
Ships' derricks; cranes, incl. cable cranes (excl....Ships' derricks; cranes, incl. cable cranes (excl. wheel-mounted cranes and vehicle cranes for railways); mobile lifting frames, straddle carriers and works trucks fitted with a crane	0.1%
Paints and varnishes, incl. enamels and lacquers,...Paints and varnishes, incl. enamels and lacquers, based on synthetic polymers or chemically modified natural polymers, dispersed or dissolved in a non-aqueous medium; solutions of products of headings 3901 to 3913 in volatile organic solvents, containing > 50% solvent by weight (excl. solutions of collodion)	0.1%
Tubes, pipes and hollow profiles "e.g., open seam...Tubes, pipes and hollow profiles "e.g., open seam or welded, riveted or similarly closed", of iron or steel (excl. of cast iron, seamless tubes and pipes and tubes having internal and external circular cross-sections and an external diameter of > 406,4 mm)	0.1%
Machinery, not specified or included elsewhere in...Machinery, not specified or included elsewhere in this chapter, for the industrial preparation or manufacture of food or drink (other than machinery for the extraction or preparation of animal or fixed vegetable fats or oils); parts thereof	0.1%
Unused postage, revenue or similar stamps of...Unused postage, revenue or similar stamps of current or new issue in the country in which they have, or will have, a recognised face value; stamp-impressed paper; banknotes; cheque forms; stock, share or bond certificates and similar documents of title	0.1%
Preparations for use on the hairPreparations for use on the hair	0.1%
Perfumes and toilet waters (excl. aftershave...Perfumes and toilet waters (excl. aftershave lotions, personal deodorants and hair lotions)	0.1%
Mattress supports (excl. spring interiors for...Mattress supports (excl. spring interiors for seats); articles of bedding and similar furnishing, e.g. mattresses, quilts, eiderdowns, cushions, pouffes and pillows, fitted with springs or stuffed or internally filled with any material or of cellular rubber or plastics, whether or not covered (excl. pneumatic or water mattresses and pillows, blankets and covers)	0.1%
Soups and broths and preparations therefor; food...Soups and broths and preparations therefor; food preparations consisting of finely homogenised mixtures of two or more basic ingredients such as meat, fish, vegetables or fruit, put up for retail sale as infant food or for dietetic purposes, in containers of <= 250 g	0.1%
Footwear with outer soles of rubber, plastics,...Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of textile materials (excl. toy footwear)	0.1%
Margarine, other edible mixtures or preparations...Margarine, other edible mixtures or preparations of animal or vegetable fats or oils and edible fractions of different fats or oils (excl. fats, oils and their fractions, partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared, and mixtures of olive oils and their fractions)	0.1%
Oilcake and other solid residues, whether or not...Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil	0.1%
Footwear with outer soles of rubber, plastics,...Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of leather (excl. orthopaedic footwear, skating boots with ice or roller skates attached, and toy footwear)	0.1%
Coffee, whether or not roasted or decaffeinated;...Coffee, whether or not roasted or decaffeinated; coffee husks and skins; coffee substitutes containing coffee in any proportion	0.1%
Footwear with outer soles of rubber or plastics,...Footwear with outer soles of rubber or plastics, with uppers other than rubber, plastics, leather or textile materials; footwear with outer soles of leather or composition leather, with uppers other than leather or textile materials; footwear with outer soles of wood, cork, twine, paperboard, furskin, woven fabrics, felt, nonwovens, linoleum, raffia, straw, loofah, etc and uppers of any type of material, n.e.s.	0.1%
Machinery, plant or laboratory equipment whether...Machinery, plant or laboratory equipment whether or not electrically heated (excl. furnaces, ovens and other equipment of heading 8514), for the treatment of materials by a process involving a change of temperature such as heating, cooking, roasting, distilling, rectifying, sterilising, pasteurising, steaming, drying, evaporating, vaporising, condensing or cooling (excl. those used for domestic purposes); instantaneous or storage water heaters, non-electric; parts thereof	0.1%
Ion-exchangers based on polymers of heading 3901...Ion-exchangers based on polymers of heading 3901 to 3913, in primary forms	0.1%
Air conditioning machines comprising a...Air conditioning machines comprising a motor-driven fan and elements for changing the temperature and humidity, incl. those machines in which the humidity cannot be separately regulated; parts thereof	0.1%
Articles of iron or steel, cast, n.e.s.Articles of iron or steel, cast, n.e.s.	0.1%
Boards, panels, consoles, desks, cabinets and...Boards, panels, consoles, desks, cabinets and other bases, equipped with two or more apparatus of heading 8535 or 8536, for electric control or the distribution of electricity, incl. those incorporating instruments or apparatus of chapter 90, and numerical control apparatus (excl. switching apparatus for line telephony or line telegraphy)	0.1%
Printed books, brochures and similar printed...Printed books, brochures and similar printed matter, whether or not in single sheets (excl. periodicals and publications which are essentially devoted to advertising)	0.1%
Tableware, kitchenware, other household articles...Tableware, kitchenware, other household articles and toilet articles, of plastics (excl. baths, shower-baths, washbasins, bidets, lavatory pans, seats and covers, flushing cisterns and similar sanitary ware)	0.1%
Base metal mountings, fittings and similar...Base metal mountings, fittings and similar articles suitable for furniture, doors, staircases, windows, blinds, coachwork, saddlery, trunks, chests, caskets or the like; base metal hat-racks, hat-pegs, brackets and similar fixtures; castors with mountings of base metal; automatic door closers of base metal	0.1%
Tubes, pipes and hoses, of vulcanised rubber other...Tubes, pipes and hoses, of vulcanised rubber other than hard rubber, with or without their fittings, e.g. joints, elbows, flanges	0.1%
Women's or girls' suits, ensembles, jackets,...Women's or girls' suits, ensembles, jackets, blazers, dresses, skirts, divided skirts, trousers, bib and brace overalls, breeches and shorts, knitted or crocheted (excl. wind-jackets and similar articles, slips, petticoats and panties, tracksuits, ski suits and swimwear)	0.1%
Prepared or preserved meat, offal or blood (excl....Prepared or preserved meat, offal or blood (excl. sausages and similar products, and meat extracts and juices)	0.1%
Fork-lift trucks; other works trucks fitted with...Fork-lift trucks; other works trucks fitted with lifting or handling equipment (excl. straddle carriers and works trucks fitted with a crane)	0.1%
Milk and cream, concentrated or containing added...Milk and cream, concentrated or containing added sugar or other sweetening matter	0.1%
Wood in the rough, whether or not stripped of bark...Wood in the rough, whether or not stripped of bark or sapwood, or roughly squared (excl. rough-cut wood for walking sticks, umbrellas, tool shafts and the like; wood in the form of railway sleepers; wood cut into boards or beams, etc.)	0.1%
Cloth, incl. endless bands, grill, netting and...Cloth, incl. endless bands, grill, netting and fencing, of iron or steel wire, expanded metal of iron or steel (excl. woven products of metal fibres of a kind used for cladding, lining or similar purposes)	0.1%
Uncoated paper and paperboard, of a kind used for...Uncoated paper and paperboard, of a kind used for writing, printing or other graphic purposes, and non-perforated punchcards and punch-tape paper, in rolls or in square or rectangular sheets, of any size, and handmade paper and paperboard (excl. newsprint of heading 4801 and paper of heading 4803)	0.1%
Engines and motors (excl. steam turbines, internal...Engines and motors (excl. steam turbines, internal combustion piston engine, hydraulic turbines, water wheels, gas turbines and electric motors); parts thereof	0.1%
Orthopaedic appliances, incl. crutches, surgical...Orthopaedic appliances, incl. crutches, surgical belts and trusses; splints and other fracture appliances; artificial parts of the body; hearing aids and other appliances which are worn or carried, or implanted in the body, to compensate for a defect or disability	0.1%
Turbojets, turbopropellers and other gas turbinesTurbojets, turbopropellers and other gas turbines	0.1%
Stranded wire, ropes, cables, plaited bands,...Stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel (excl. electrically insulated products and twisted fencing wire and barbed wire)	0.1%
Uncoated kraft paper and paperboard, in rolls of a...Uncoated kraft paper and paperboard, in rolls of a width > 36 cm or in square or rectangular sheets with one side > 36 cm and the other side > 15 cm in the unfolded state (excl. goods of heading 4802 or 4803)	0.1%
Measuring or checking instruments, appliances and...Measuring or checking instruments, appliances and machines not elsewhere specified in chapter 90; profile projectors	0.1%
Particle board, oriented strand board "osb" and...Particle board, oriented strand board "osb" and similar board "e.g. waferboard" of wood or other ligneous materials, whether or not agglomerated with resins or other organic binding substances (excl. fibreboard, veneered particle board, cellular wood panels and board of ligneous materials agglomerated with cement, plaster or other mineral bonding agents)	0.1%
Preparations for oral or dental hygiene, incl....Preparations for oral or dental hygiene, incl. denture fixative pastes and powders; yarn used to clean between the teeth "dental floss", in individual retail packages	0.1%
Bedlinen, table linen, toilet linen and kitchen...Bedlinen, table linen, toilet linen and kitchen linen of all types of textile materials (excl. floorcloths, polishing cloths, dishcloths and dusters)	0.1%
Primary cells and primary batteries, electrical;...Primary cells and primary batteries, electrical; parts thereof (excl. spent)	0.1%
Structures and parts of structures "e.g., bridges...Structures and parts of structures "e.g., bridges and bridge-sections, towers, lattice masts, pillars and columns, roofs, roofing frameworks, doors and windows and their frames and thresholds for doors, shutters, balustrades", of aluminium (excl. prefabricated buildings of heading 9406); plates, rods, profiles, tubes and the like, prepared for use in structures, of aluminium	0.1%
Apparatus based on the use of x-rays or of alpha,...Apparatus based on the use of x-rays or of alpha, beta or gamma radiations, whether or not for medical, surgical, dental or veterinary uses, incl. radiography or radiotherapy apparatus, x-ray tubes and other x-ray generators, high tension generators, control panels and desks, screens, examination or treatment tables, chairs and the like	0.1%
Conveyor or transmission belts or belting, of...Conveyor or transmission belts or belting, of vulcanised rubber	0.1%
Manufactured tobacco and manufactured tobacco...Manufactured tobacco and manufactured tobacco substitutes and "homogenised" or "reconstituted" tobacco, tobacco extracts and tobacco essences (excl. cigars, incl. cheroots, cigarillos and cigarettes)	0.1%
Electrical machines and apparatus, having...Electrical machines and apparatus, having individual functions, n.e.s. in chapter 85 and parts thereof	0.1%
Discs, tapes, solid-state non-volatile storage...Discs, tapes, solid-state non-volatile storage devices, "smart cards" and other media for the recording of sound or of other phenomena, whether or not recorded, incl. matrices and masters for the production of discs (excl. products of chapter 37)	0.1%
See More Products	67.3%

Source: Comtrade, Latest Available Data

To go further, check out our service Import-Export Flows.

Main Services

0.9 bn USD of services exported in 2023
TravelTravel +	40.30%
Personal travelPersonal travel	36.27%
OtherOther	34.76%
Education-related expenditureEducation-related expenditure	0.96%
Health-related expenditureHealth-related expenditure	0.54%
Business travelBusiness travel	4.03%
TransportationTransportation +	26.89%
Sea transportSea transport	8.92%
FreightFreight	4.64%
OtherOther	4.27%
Air transportAir transport	4.07%
OtherOther	2.64%
FreightFreight	0.98%
PassengerPassenger	0.45%
Other business servicesOther business services +	22.88%
Miscellaneous business,...Miscellaneous business, professional, and technical services	21.64%
Research and developmentResearch and development	1.23%
Government servicesGovernment services	4.63%
Communications servicesCommunications services +	1.44%
Telecommunications servicesTelecommunications services	1.33%
Postal and courier servicesPostal and courier services	0.11%
Construction servicesConstruction services +	1.42%
Construction abroadConstruction abroad	1.42%
Computer and information servicesComputer and information services +	1.11%
Information servicesInformation services	0.12%
Cultural and recreational servicesCultural and recreational services +	0.69%
Other personal, cultural, and...Other personal, cultural, and recreational services	0.45%
Audiovisual and related servicesAudiovisual and related services	0.24%
Embassies and consulatesEmbassies and consulates	3.57%
Royalties and license feesRoyalties and license fees	0.45%
Financial servicesFinancial services	0.12%
Insurance servicesInsurance services	0.07%

1.8 bn USD of services imported in 2023
Other business servicesOther business services +	76.44%
Miscellaneous business,...Miscellaneous business, professional, and technical services	76.13%
Other business servicesOther business services	24.80%
Research and developmentResearch and development	0.31%
Merchanting and other trade-related...Merchanting and other trade-related services	19.99%
Other trade-related servicesOther trade-related services	19.99%
Operational leasing servicesOperational leasing services	18.81%
TransportationTransportation +	9.61%
Air transportAir transport	1.53%
PassengerPassenger	1.53%
Sea transportSea transport	0.01%
PassengerPassenger	0.01%
TravelTravel +	4.34%
Personal travelPersonal travel	3.26%
OtherOther	1.41%
Education-related expenditureEducation-related expenditure	1.27%
Health-related expenditureHealth-related expenditure	0.58%
Business travelBusiness travel	1.09%
OtherOther	1.09%
Computer and information servicesComputer and information services +	3.18%
Information servicesInformation services	0.44%
Government servicesGovernment services	2.28%
Communications servicesCommunications services +	2.21%
Telecommunications servicesTelecommunications services	2.20%
Postal and courier servicesPostal and courier services	0.01%
Insurance servicesInsurance services +	0.91%
Other direct insuranceOther direct insurance	0.01%
Royalties and license feesRoyalties and license fees	0.55%
Construction servicesConstruction services +	0.39%
Construction in the compiling...Construction in the compiling economy	0.39%
Financial servicesFinancial services	0.07%
Cultural and recreational servicesCultural and recreational services +	0.02%
Other personal, cultural, and...Other personal, cultural, and recreational services	0.01%
Audiovisual and related servicesAudiovisual and related services	0.01%
Embassies and consulatesEmbassies and consulates	2.28%

Source: United Nations Statistics Division, Latest Available Data

Sources of General Economic Information

Ministries: Ministry of Finance
Ministry of Industrialisation and Trade
Ministry of Mines and Energy
Ministry of Agriculture, Water and Land Reform
Statistical Office: Namibia Statistics Agency
Central Bank: Central Bank
Stock Exchange: Namibian Stock Exchange
Search Engines: Google Namibia
Info.na
NamSearch Directory
Economic Portals: Namibian Chamber of Commerce and Industry

Political Outline

Current Political Leaders

Acting President: Nangolo MBUMBA (since 4 February 2024)

Next Election Dates

Presidential: November 2029
National Council: December 2025
National Assembly: November 2029

Main Political Parties

Namibia has a multi-party system. The main parties are:

SWAPO (South West African People's Organisation): Centre-left (Governing party since the independence of Namibia)
Popular Democratic Movement (PDM): Centre-right
Landless People's Movement (LPM): Left-wing, social democracy
Independent Patriots for Change (IPC): Anti-corruption
United Democratic Front (UDF): Centre-left
National Unity Democratic Organisation (NUDO): Centre-right
All People's Party (APP): Centre-left
Republican Party: Conservatism
Namibian Economic Freedom Fighters (NEFF): Far-left, Pan-African
Rally for Democracy and Progress (RDP): Centre-left
Christian Democratic Voice (CDV): Christian democracy
Workers Revolutionary Party (WRP): Left-wing
South West African National Union (SWANU): Social democracy.

Type of State

Namibia is a presidential republic.

Executive Power

Executive power is exercised by the government. The President of Namibia is both chief of state and head of the executive power. The president is elected in a national election every five years in which at least 50% of the votes are necessary to be elected. The Cabinet consists of the President, the Prime Minister, the Deputy Prime Minister and Ministers appointed by the President. The Prime Minister is the Chief Advisor to the President and the overall coordinator of the Government Offices, Ministries and Agencies.

Legislative Power

Legislative power is vested in the Parliament, which consists of two chambers: The National Assembly is the highest law-making body and is composed of 96 elected and 8 non-voting members appointed by the President. Members of the Assembly are elected every five years on a proportional representation system basis. The National Council is the upper chamber of Parliament and is formed of 42 representatives from all fourteen regions of Namibia (three elected members per region). Members of the National Council are indirectly elected within Regional Councils and serve a five-year term. The National Council primarily reviews legislation passed and referred by the National Assembly.

Indicator of Freedom of the Press

Definition

Definition:

The world rankings, published annually, measures violations of press freedom worldwide. It reflects the degree of freedom enjoyed by journalists, the media and digital citizens of each country and the means used by states to respect and uphold this freedom. Finally, a note and a position are assigned to each country. To compile this index, Reporters Without Borders (RWB) prepared a questionnaire incorporating the main criteria (44 in total) to assess the situation of press freedom in a given country. This questionnaire was sent to partner organisations,150 RWB correspondents, journalists, researchers, jurists and human rights activists. It includes every kind of direct attacks against journalists and digital citizens (murders, imprisonment, assault, threats, etc.) or against the media (censorship, confiscation, searches and harassment etc.).

World Rank:: 24/180

Indicator of Political Freedom

Definition

Definition:

The Indicator of Political Freedom provides an annual evaluation of the state of freedom in a country as experienced by individuals. The survey measures freedom according to two broad categories: political rights and civil liberties. The ratings process is based on a checklist of 10 political rights questions (on Electoral Process, Political Pluralism and Participation, Functioning of Government) and 15 civil liberties questions (on Freedom of Expression, Belief, Associational and Organizational Rights, Rule of Law, Personal Autonomy and Individual Rights). Scores are awarded to each of these questions on a scale of 0 to 4, where a score of 0 represents the smallest degree and 4 the greatest degree of rights or liberties present. The total score awarded to the political rights and civil liberties checklist determines the political rights and civil liberties rating. Each rating of 1 through 7, with 1 representing the highest and 7 the lowest level of freedom, corresponds to a range of total scores.

Ranking:: Free
Political Freedom:: 2/7

Political freedom in the world (interactive map)
Source: Freedom in the World Report, Freedom House

Any Comment About This Content? Report It to Us.