Economic and Political Overview

Namibia: Economic and Political Overview

In this page: Economic Indicators | Foreign Trade in Figures | Sources of General Economic Information | Political Outline | COVID-19 Country Response

Economic Indicators

For the latest updates on the key economic responses from governments to address the economic impact of the COVID-19 pandemic, please consult the IMF's policy tracking platform Policy Responses to COVID-19.

After years of robust growth, 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. From a contraction of -8% GDP in 2020, the economy started to recover in 2021, growing by 1.3% (IMF). Economic growth is expected to strengthen to 3.6% in 2022 and 3.1% in 2023 (IMF), supported by mineral exports and private consumption (Coface).

Namibia has experienced a period of exceptional growth masking increasing macroeconomic imbalances, a slowdown in productivity and a decline in external competitiveness. While the economy was rebalancing, it was hit by a severe drought and the consequences of the pandemic-induced lockdown. Budget deficit worsened to -9.5% GDP in 2020, and while it narrowed to -8.4% GDP in 2021 and is expected to further decrease to -7.6% GDP in 2023, it remains very high (Coface). Similarly, public debt increased to an estimated 69.9% GDP in 2021, and is forecast to further widen to 72.6% GDP in 2023 before starting to decline to 71.7% GDP in 2023 (IMF). To reduce the risk associated with indebtedness, the authorities are attempting to diversify their sources of financing (Coface). The exchange risk remains limited because this debt is mainly domestic, issued on long-term maturities and denominated in local currency. Inflation increased from 2.2% in 2020 to 4% in 2021, and is expected to reach 4.5% in 2022 and 2023, driven by food and transport prices (IMF). With the Namibian dollar pegged to the rand, the level of inflation will remain vulnerable to the volatility of the South African currency. The government priorities are to support recovery and economic growth, to ensure the sustainability of public finances and debt through fiscal consolidation, to reform the tax system and to implement structural policy reforms. The government's priority is also to better redistribute wealth while maintaining a favorable business environment. Growth has not accompanied job creation and the extreme social and economic inequalities inherited from apartheid persist despite the generous spending allocated to social programs.

Namibia is one of the countries with the highest inequalities. In part due to impact of the pandemic, poverty rate is projected to stay near 65% through 2022 (World Bank) and around 15% of the adult population is infected with the AIDS virus. Unemployment is high and affected 20.4% of the population in 2020 (World Bank), with a notable disparity between rural (39%) and urban areas (30%), among women (38%) and young people (43%).

Main Indicators	2020	2021 (e)	2022 (e)	2023 (e)	2024 (e)
GDP (billions USD)	10.58	12.31	12.49	13.36	14.08
GDP (Constant Prices, Annual % Change)	-8.0	2.7	3.0	3.2	2.6
GDP per Capita (USD)	4	4	4	5	5
General Government Gross Debt (in % of GDP)	66.6	72.0	71.8	71.7	71.5
Inflation Rate (%)	2.2	3.6	6.4	4.9	4.5
Current Account (billions USD)	0.27	-1.12	-1.00	-0.56	-0.54
Current Account (in % of GDP)	2.6	-9.1	-8.0	-4.2	-3.8

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

Note: (e) Estimated Data

Main Sectors of Industry

Namibia is one of the most important diamonds exporters and the 3rd largest uranium producer in the world. The country also has one of the most productive fishing industries in the world. Agriculture accounts for 9.2% of the Namibian economy and employs more than a fifth of the workforce (World Bank, 2020). The country's arid climate and geographic conditions do not favour farming and the crop variety is rather limited. Major crops include: maize, millet and sorghum. The livestock sector is productive and export oriented. Beef accounts for the largest share of livestock exports. Fishing is another important component of the primary sector (accounting for almost 25% of all activities in the primary sector), as Namibian waters are rich in fish.

The secondary sector contributes to 26.3% of GDP and employs about 16% of the active population. The sector is characterised 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 neighbouring countries (Botswana, South Africa and Zimbabwe), the country is among the world's first in value per unit, with an average price of USD 578 per carat (De Beers Interim Financial Reports 2021). 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. In addition, Namibia is the third largest producer of uranium in the world, and is home to two mines capable of producing 10% of the world 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.

Services account for 59.1% of GDP and employ 62% of the working population. Namibia's diverse landscapes and extensive wildlife offers significant tourism assets and as such, tourism is a major source of income. Its direct contribution to GDP is around 10%. The construction sector is the activity that suffered most during the recession and is struggling to regain a positive momentum.

Breakdown of Economic Activity By Sector	Agriculture	Industry	Services
Employment By Sector (in % of Total Employment)	21.9	16.4	61.8
Value Added (in % of GDP)	9.0	26.5	57.9
Value Added (Annual % Change)	5.9	-14.6	-5.6

Source: World Bank - Latest available data.

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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.

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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 76% of the country’s GDP (World Bank). Customs duties are low and there are no major trade barriers. 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), whose free-trade zone (FTZ) was inaugurated in 2008. 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. Copper, diamonds, uranium, gold, fish, cobalt and live animals continue to lead the market for export commodities. Copper, mineral fuels and oils, diamonds, vehicles, and cobalt lead the list of major imports to Namibia.

Namibia's exports are mainly directed to China (34.1% of exports), South Africa (14.5%), Botswana, Belgium, Spain, Zambia and the Democratic Republic of Congo. South Africa (36.2% of imports), Zambia, the Democratic Republic of Congo, China, Bulgaria, India and the United States are the main suppliers.

Namibia’s trade balance is structurally in deficit because of Namibia’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. Nonetheless, the trade deficit has followed a downward trend in recent years, dropping from USD -2.9 billion in 2015 to USD -907 million in 2020 (World Bank). This trend is expected to continue thanks to higher exports of uranium and fishery products, and lower imports resulting from weak consumption and low oil prices. In 2020, merchandise exports amounted to USD 5.6 billion, while imports reached USD 6.8 billion. Exports of services reached USD 352 million, while imports amounted to USD 419 million (WTO). Exports of goods and services decreased by -17.7% compared to 2019, while imports decreased by-15.7%. After the decrease in trade volume due to the Covid-19 pandemic, mining exports are expected to rebound in 2022, and services should benefit from a revival in tourism (Coface).

Foreign Trade Indicators	2017	2018	2019	2020	2021
Imports of Goods (million USD)	6,688	8,289	8,086	6,823	9,122
Exports of Goods (million USD)	4,799	7,488	6,256	5,600	6,696
Imports of Services (million USD)	637	533	539	419	589
Exports of Services (million USD)	693	728	646	352	413
Imports of Goods and Services (Annual % Change)	-10.1	1.3	-3.9	-15.7	n/a
Exports of Goods and Services (Annual % Change)	1.9	15.9	-9.4	-17.7	n/a
Imports of Goods and Services (in % of GDP)	47.6	45.8	46.1	41.5	n/a
Exports of Goods and Services (in % of GDP)	33.6	35.8	35.8	33.0	n/a
Trade Balance (million USD)	-1,811	-1,555	-1,302	-907	n/a
Trade Balance (Including Service) (million USD)	-1,664	-1,377	-1,212	-986	n/a
Foreign Trade (in % of GDP)	81.2	81.6	81.9	74.5	n/a

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

Main Partner Countries

Main Customers (% of Exports)	2020
China	34.1%
South Africa	14.5%
Botswana	8.0%
Belgium	5.2%
Spain	4.6%
Zambia	4.2%
Democratic Republic of Congo	2.6%
Germany	2.3%
United Arab Emirates	2.0%
Netherlands	1.8%
Italy	1.5%
Hong Kong SAR, China	1.4%
Canada	1.4%
United States	1.3%
Norway	1.0%
Singapore	0.9%
India	0.8%
Israel	0.8%
France	0.8%
United Kingdom	0.7%
See More Countries	33.5%

Main Suppliers (% of Imports)	2020
South Africa	36.2%
Zambia	19.1%
Democratic Republic of Congo	5.5%
China	4.5%
Bulgaria	3.8%
India	2.5%
United States	2.4%
Peru	1.9%
Chile	1.1%
Germany	1.0%
Türkiye	0.9%
Botswana	0.9%
United Kingdom	0.8%
Spain	0.8%
Oman	0.8%
United Arab Emirates	0.7%
Faeroe Isds	0.7%
Netherlands	0.6%
Japan	0.6%
Ireland	0.6%
See More Countries	31.0%

Source: Comtrade, Latest Available Data

Main Products

5.6 bn USD of products exported in 2020
Copper, unrefined; copper anodes for electrolytic...Copper, unrefined; copper anodes for electrolytic refining	23.6%
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)	18.6%
Uranium or thorium ores and concentratesUranium or thorium ores and concentrates	11.2%
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	7.0%
Copper, refined, and copper alloys, unwrought ...Copper, refined, and copper alloys, unwrought (excl. copper alloys of heading 7405)	5.9%
Fish fillets and other fish meat, whether or not...Fish fillets and other fish meat, whether or not minced, fresh, chilled or frozen	5.1%
Frozen fish (excl. fish fillets and other fish...Frozen fish (excl. fish fillets and other fish meat of heading 0304)	4.4%
Cobalt oxides and hydroxides; commercial cobalt...Cobalt oxides and hydroxides; commercial cobalt oxides	1.2%
Live bovine animalsLive bovine animals	1.1%
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	1.1%
Plates, sheets and strip, of copper, of a...Plates, sheets and strip, of copper, of a thickness of > 0,15 mm (excl. expanded sheet and strip copper and electrically insulated strip)	1.1%
Unwrought zinc :Unwrought zinc :	1.1%
Zinc ores and concentratesZinc ores and concentrates	1.0%
Vessels, incl. warships and lifeboats (excl....Vessels, incl. warships and lifeboats (excl. rowing boats and other vessels of heading 8901 to 8905 and vessels for breaking up)	0.9%
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)	0.9%
Grapes, fresh or driedGrapes, fresh or dried	0.9%
Acrylic polymers, in primary formsAcrylic polymers, in primary forms	0.7%
Beer made from maltBeer made from malt	0.6%
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	0.6%
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%
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	0.5%
New pneumatic tyres, of rubberNew pneumatic tyres, of rubber	0.5%
Motor vehicles for the transport of goods, incl....Motor vehicles for the transport of goods, incl. chassis with engine and cab	0.4%
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)	0.4%
Manganese ores and concentrates, incl. ferruginous...Manganese ores and concentrates, incl. ferruginous manganese ores and concentrates, with a manganese content of >= 20%, calculated on the dry weight	0.4%
Prepared or preserved fish; caviar and caviar...Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs	0.4%
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	0.3%
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.	0.3%
Copper ores and concentratesCopper ores and concentrates	0.3%
Live sheep and goatsLive sheep and goats	0.3%
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	0.3%
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.	0.3%
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)	0.2%
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%
Lead ores and concentratesLead ores and concentrates	0.2%
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	0.2%
Meat of bovine animals, frozenMeat of bovine animals, frozen	0.2%
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)	0.2%
Tractors (other than tractors of heading 8709)Tractors (other than tractors of heading 8709)	0.2%
Fish, fresh or chilled (excl. fish fillets and...Fish, fresh or chilled (excl. fish fillets and other fish meat of heading 0304)	0.2%
Self-propelled bulldozers, angledozers, graders,...Self-propelled bulldozers, angledozers, graders, levellers, scrapers, mechanical shovels, excavators, shovel loaders, tamping machines and roadrollers	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%
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)	0.1%
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	0.1%
Cement, incl. cement clinkers, whether or not...Cement, incl. cement clinkers, whether or not coloured	0.1%
Cruise ships, excursion boats, ferry-boats, cargo...Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods	0.1%
Articles of iron or steel, cast, n.e.s.Articles of iron or steel, cast, n.e.s.	0.1%
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%
Meat of bovine animals, fresh or chilledMeat of bovine animals, fresh or chilled	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%
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.	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%
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%
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	0.1%
Machines and mechanical appliances having...Machines and mechanical appliances having individual functions, not specified or included elsewhere in this chapter; parts thereof	0.1%
Cellulose and its chemical derivatives, n.e.s., in...Cellulose and its chemical derivatives, n.e.s., in primary forms	0.1%
See More Products	33.8%

6.8 bn USD of products imported in 2020
Copper, unrefined; copper anodes for electrolytic...Copper, unrefined; copper anodes for electrolytic refining	17.4%
Copper ores and concentratesCopper ores and concentrates	8.4%
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	7.9%
Copper, refined, and copper alloys, unwrought ...Copper, refined, and copper alloys, unwrought (excl. copper alloys of heading 7405)	5.3%
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)	5.0%
Motor vehicles for the transport of goods, incl....Motor vehicles for the transport of goods, incl. chassis with engine and cab	1.7%
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)	1.5%
Cobalt oxides and hydroxides; commercial cobalt...Cobalt oxides and hydroxides; commercial cobalt oxides	1.4%
New pneumatic tyres, of rubberNew pneumatic tyres, of rubber	1.0%
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)	1.0%
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)	0.9%
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)	0.9%
Cane or beet sugar and chemically pure sucrose, in...Cane or beet sugar and chemically pure sucrose, in solid form	0.9%
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.	0.9%
Acrylic polymers, in primary formsAcrylic polymers, in primary forms	0.8%
Vessels, incl. warships and lifeboats (excl....Vessels, incl. warships and lifeboats (excl. rowing boats and other vessels of heading 8901 to 8905 and vessels for breaking up)	0.7%
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	0.7%
Beer made from maltBeer made from malt	0.7%
Tractors (other than tractors of heading 8709)Tractors (other than tractors of heading 8709)	0.6%
Maize or cornMaize or corn	0.6%
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.	0.6%
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	0.6%
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.	0.6%
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.	0.5%
Preparations of a kind used in animal feedingPreparations of a kind used in animal feeding	0.5%
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)	0.5%
Wheat and meslinWheat and meslin	0.5%
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	0.5%
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	0.5%
Cigars, cheroots, cigarillos and cigarettes of...Cigars, cheroots, cigarillos and cigarettes of tobacco or of tobacco substitutes	0.5%
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.	0.5%
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	0.5%
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%
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	0.4%
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	0.4%
Frozen fish (excl. fish fillets and other fish...Frozen fish (excl. fish fillets and other fish meat of heading 0304)	0.4%
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)	0.4%
Articles of iron or steel, n.e.s. (excl. cast...Articles of iron or steel, n.e.s. (excl. cast articles)	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%
Self-propelled bulldozers, angledozers, graders,...Self-propelled bulldozers, angledozers, graders, levellers, scrapers, mechanical shovels, excavators, shovel loaders, tamping machines and roadrollers	0.4%
Sulphuric acid; oleumSulphuric acid; oleum	0.4%
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	0.4%
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)	0.3%
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%
Electrical transformers, static converters, e.g....Electrical transformers, static converters, e.g. rectifiers, and inductors; parts thereof	0.3%
Manganese ores and concentrates, incl. ferruginous...Manganese ores and concentrates, incl. ferruginous manganese ores and concentrates, with a manganese content of >= 20%, calculated on the dry weight	0.3%
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)	0.3%
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%
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%
Food preparations, n.e.s.Food preparations, n.e.s.	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%
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%
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)	0.3%
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%
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	0.3%
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	0.3%
Sugar confectionery not containing cocoa, incl....Sugar confectionery not containing cocoa, incl. white chocolate	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%
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)	0.2%
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	0.2%
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	0.2%
Articles of plastics and articles of other...Articles of plastics and articles of other materials of heading 3901 to 3914, n.e.s.	0.2%
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	0.2%
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%
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	0.2%
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	0.2%
Prepared or preserved fish; caviar and caviar...Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs	0.2%
Articles of iron or steel, cast, n.e.s.Articles of iron or steel, cast, n.e.s.	0.2%
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)	0.2%
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%
Polymers of ethylene, in primary formsPolymers of ethylene, in primary forms	0.2%
Carboys, bottles, flasks, jars, pots, phials,...Carboys, bottles, flasks, jars, pots, phials, ampoules and other containers, of glass, of a kind used for the conveyance or packing of goods, preserving jars, stoppers, lids and other closures, of glass (excl. glass envelopes and containers, with vacuum insulation, perfume atomizers, flasks, bottles etc. for atomizers)	0.2%
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	0.2%
Tubes, pipes and hoses, and fittings therefor, e.g...Tubes, pipes and hoses, and fittings therefor, e.g. joints, elbows, flanges, of plastics	0.2%
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%
RiceRice	0.2%
Manganese oxidesManganese oxides	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%
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%
Malt, whether or not roastedMalt, whether or not roasted	0.2%
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)	0.2%
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%
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	0.2%
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%
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%
Machines and mechanical appliances having...Machines and mechanical appliances having individual functions, not specified or included elsewhere in this chapter; parts thereof	0.2%
Cheese and curdCheese and curd	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%
Chocolate and other food preparations containing...Chocolate and other food preparations containing cocoa	0.2%
Made-up articles of textile materials, incl. dress...Made-up articles of textile materials, incl. dress patterns, n.e.s.	0.2%
Sulphur of all kinds (excl. sublimed sulphur,...Sulphur of all kinds (excl. sublimed sulphur, precipitated sulphur and colloidal sulphur)	0.2%
Railway or tramway track construction material of...Railway or tramway track construction material of iron or steel, the following : rails, check-rails and rack rails, switch blades, crossing frogs, point rods and other crossing pieces, sleepers "cross-ties", fish-plates, chairs, chair wedges, sole plates "base plates", rail clips, bedplates, ties and other material specialised for jointing or fixing rails	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%
Electrical apparatus for switching or protecting...Electrical apparatus for switching or protecting electrical circuits, or for making connections to or in electrical circuits, e.g., switches, relays, fuses, surge suppressors, plugs, sockets, lamp holders and junction boxes, for a voltage <= 1.000 v (excl. control desks, cabinets, panels etc. of heading 8537)	0.2%
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	0.2%
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%
T-shirts, singlets and other vests, knitted or...T-shirts, singlets and other vests, knitted or crocheted	0.2%
Milk and cream, not concentrated nor containing...Milk and cream, not concentrated nor containing added sugar or other sweetening matter	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%
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.)	0.2%
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%
Petroleum gas and other gaseous hydrocarbonsPetroleum gas and other gaseous hydrocarbons	0.1%
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.	0.1%
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)	0.1%
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	0.1%
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)	0.1%
Angles, shapes and sections of iron or non-alloy...Angles, shapes and sections of iron or non-alloy steel, n.e.s.	0.1%
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	0.1%
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	0.1%
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%
Potatoes, fresh or chilledPotatoes, fresh or chilled	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%
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	0.1%
Vessels and other floating structures for breaking...Vessels and other floating structures for breaking up	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%
Coal; briquettes, ovoids and similar solid fuels...Coal; briquettes, ovoids and similar solid fuels manufactured from coal	0.1%
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	0.1%
Preparations for use on the hairPreparations for use on the hair	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%
Milk and cream, concentrated or containing added...Milk and cream, concentrated or containing added sugar or other sweetening matter	0.1%
Compression-ignition internal combustion piston...Compression-ignition internal combustion piston engine "diesel or semi-diesel engine"	0.1%
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	0.1%
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	0.1%
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%
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%
Bombs, grenades, torpedos, mines, missiles,...Bombs, grenades, torpedos, mines, missiles, cartridges and other ammunition and projectiles and parts thereof, incl. buckshot, shot and cartridge wads, n.e.s.	0.1%
Tube or pipe fittings "e.g. couplings, elbows,...Tube or pipe fittings "e.g. couplings, elbows, sleeves", of iron or steel	0.1%
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	0.1%
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%
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%
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)	0.1%
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%
Electric motors and generators (excl. generating...Electric motors and generators (excl. generating sets)	0.1%
Articles of vulcanised rubber (excl. hard rubber),...Articles of vulcanised rubber (excl. hard rubber), n.e.s.	0.1%
Tubes, pipes and hollow profiles, seamless, of...Tubes, pipes and hollow profiles, seamless, of iron or steel (excl. products of cast iron)	0.1%
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)	0.1%
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%
Provitamins and vitamins, natural or reproduced by...Provitamins and vitamins, natural or reproduced by synthesis, incl. natural concentrates, derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, whether or not in any solvent	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%
Perfumes and toilet waters (excl. aftershave...Perfumes and toilet waters (excl. aftershave lotions, personal deodorants and hair lotions)	0.1%
See More Products	56.1%

Source: Comtrade, Latest Available Data

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

Main Services

0.2 bn USD of services exported in 2020
TravelTravel +	47.08%
Personal travelPersonal travel	39.79%
OtherOther	32.49%
Education-related expenditureEducation-related expenditure	3.73%
Health-related expenditureHealth-related expenditure	3.58%
Business travelBusiness travel	7.28%
OtherOther	7.28%
Government servicesGovernment services	16.60%
TransportationTransportation +	16.02%
Air transportAir transport	10.51%
PassengerPassenger	9.79%
FreightFreight	0.44%
OtherOther	0.28%
Sea transportSea transport	0.35%
PassengerPassenger	14.95%
FreightFreight	0.78%
OtherOther	0.28%
Construction servicesConstruction services +	9.04%
Construction abroadConstruction abroad	9.04%
Communications servicesCommunications services +	5.46%
Telecommunications servicesTelecommunications services	4.55%
Postal and courier servicesPostal and courier services	0.90%
Financial servicesFinancial services	3.39%
Other business servicesOther business services +	0.90%
Miscellaneous business,...Miscellaneous business, professional, and technical services	0.55%
Research and developmentResearch and development	0.35%
Royalties and license feesRoyalties and license fees	0.88%
Cultural and recreational servicesCultural and recreational services +	0.63%
Other personal, cultural, and...Other personal, cultural, and recreational services	0.37%
Audiovisual and related servicesAudiovisual and related services	0.26%
Computer and information servicesComputer and information services	0.01%

0.5 bn USD of services imported in 2020
Other business servicesOther business services +	30.83%
Miscellaneous business,...Miscellaneous business, professional, and technical services	30.82%
Research and developmentResearch and development	0.01%
TransportationTransportation +	22.46%
Air transportAir transport	0.27%
OtherOther	0.16%
PassengerPassenger	0.10%
TravelTravel +	15.48%
Personal travelPersonal travel	12.67%
Education-related expenditureEducation-related expenditure	4.93%
Health-related expenditureHealth-related expenditure	4.74%
OtherOther	3.00%
Business travelBusiness travel	2.82%
OtherOther	2.82%
Government servicesGovernment services	11.41%
Computer and information servicesComputer and information services	6.66%
Communications servicesCommunications services +	6.66%
Telecommunications servicesTelecommunications services	6.65%
Insurance servicesInsurance services	2.50%
Cultural and recreational servicesCultural and recreational services +	1.54%
Audiovisual and related servicesAudiovisual and related services	1.53%
Other personal, cultural, and...Other personal, cultural, and recreational services	0.02%
Construction servicesConstruction services +	1.42%
Construction in the compiling...Construction in the compiling economy	1.42%
Financial servicesFinancial services	0.84%
Royalties and license feesRoyalties and license fees	0.20%

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 (temporarily unavailable)
Ministry of Agriculture, Water and Forestry
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

President: Hage Geingob (since 21 March 2015)
Prime Minister: Saara Kuugongelwa (since 21 March 2015)

Next Election Dates

Presidential: November 2024
National Council: November 2025
National Assembly: November 2024

Main Political Parties

SWAPO (South West African People's Organisation) : Centre-left (Governing party since the independence of Namibia)
Popular Democratic Movement (PDM) : Centre-right
Rally for Democracy and Progress (RDP) : Centre-left
All People's Party (APP) : Centre-left
United Democratic Front (UDF) : Centre-left
National Unity Democratic Organisation (NUDO) - Centre-right
Workers Revolutionary Party (WRP) : Left-wing
Republican Party
South West African National Union (SWANU) : social democracy
United People's Movement

Type of State

Democratic 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 they must win more than 50% of the votes. The Cabinet consists of the President, the Prime Minister, 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 formed of 72 elected and six appointed non-voting members (by the President). Members of parliament are elected every five years on a proportional representation system basis. The National Council is the upper chamber of Parliament and is formed of 26 representatives from all thirteen regions of Namibia (two elected members per region). Members of the National Council are elected indirectly within Regional Councils, whose elections are based on a first-past-the-post system after every six years.

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

COVID-19 Country Response

COVID-19 epidemic evolution: To find out about the latest status of the COVID19 pandemic evolution and the most up-to-date statistics on the COVID-19 disease in Namibia, please visit the Worldometer’s Coronavirus page for Namibia.

For the international outlook you can consult the latest situation reports published by the World Health Organisation as well as the global daily statistics on the coronavirus pandemic evolution including data on confirmed cases and deaths by country.
Sanitary measures: To find out about the latest public health situation in Namibia consult President Dr. Hage G. Geingobat’s Media Briefing on the Partial Lifting of the Lockdown Restrictions.
Travel restrictions: The COVID-19 situation, including the spread of new variants, evolves rapidly and differs from country to country. All travelers need to pay close attention to the conditions at their destination before traveling. Regularly updated information for all countries with regards to Covid-19 related travel restrictions in place including entry regulations, flight bans, test requirements and quarantine is available on TravelDoc Infopage.
It is also highly recommended to consult COVID-19 Travel Regulations Map provided and updated on the daily basis by IATA.
The US government website of Centers of Disease Control and Prevention provides COVID-19 Travel Recommendations by Destination.
The UK Foreign travel advice also provides travelling abroad advice for all countries, including the latest information on coronavirus, safety and security, entry requirements and travel warnings.
Import & export restrictions: The Ministry of Industrialisation, Trade and SME Development needs to be consulted prior to the export of certain selected goods including face masks and hand sanitiser.
For a general overview of trade restrictions due to COVID-19 pandemic, please consult the International Trade Centre's COVID-19 Temporary Trade Measures webpage.
Economic recovery plan: For information on the economic recovery scheme put in place by the Namibian government to address the impact of the COVID19 pandemic on the Namibian economy, refer to the article Deloitte report COVID-19 Pandemic: Announcement of economic stimulus and relief package by the Minister of Finance.

For a general overview of the key economic policy responses to the COVID-19 outbreak (fiscal, monetary and macroeconomic) taken by the Namibian government to limit the socio-economic impact of the COVID-19 pandemic, please consult the section dedicated to Namibia in the IMF’s Policy Tracker platform.
Support plan for businesses: For information on the local business support scheme established by the Namibian government and other organizations to help small and medium-sized companies to deal with the economic impacts of the COVID19 epidemic on their activity refer to the Development Bank of Namibia’s statement Development Bank donates N$1.4 million to Covid-19 Disaster Relief Fund and the Deloitte report COVID-19 Pandemic: Announcement of economic stimulus and relief package by the Minister of Finance.

For a general overview of international SME support policy responses to the COVID-19 outbreak refer to the World Bank's Map of SME-Support Measures in Response to COVID-19.
Support plan for exporters: There are no specific support plans for exporters in Namibia so far.

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