Namibia - Trade Balance 2024
$-3.5B
−$604.3M from 2023
Namibia's trade balance was $-3.5B in 2024, decreased +$604.3M from $-2.9B in 2023. This was the 38th highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | United States | $-909.6B | -14.1% |
| 2nd | India | $-90.9B | -19.3% |
| 3rd | Philippines | $-66.2B | -7.1% |
| 4th | Ukraine | $-36.1B | 4.7% |
| 5th | Japan | $-35.0B | 42.6% |
| 6th | United Kingdom | $-32.1B | 19.6% |
| 7th | Egypt, Arab Republic of | $-26.6B | -200.7% |
| 8th | Bangladesh | $-26.4B | -29.1% |
| 9th | Pakistan | $-25.3B | -0.3% |
| 10th | Iran, Islamic Republic of | $-23.6B | -232.3% |
| 11th | Romania | $-23.0B | -35.3% |
| 12th | Mexico | $-21.9B | 15.3% |
| 13th | Colombia | $-20.2B | -16.8% |
| 14th | Guatemala | $-17.6B | -11.9% |
| 15th | Uzbekistan | $-17.5B | 1.4% |
| 16th | Greece | $-14.2B | -22.2% |
| 17th | Morocco | $-13.2B | -8.8% |
| 18th | Nepal | $-10.9B | 4.1% |
| 19th | France | $-10.4B | 80.2% |
| 20th | Honduras | $-8.9B | -7.8% |
| 21st | Somalia, Fed. Rep. | $-8.1B | -25.2% |
| 22nd | Dominican Republic | $-7.8B | 10.4% |
| 23rd | Jordan | $-7.7B | -13.4% |
| 24th | Kenya | $-7.3B | 7.5% |
| 25th | Kyrgyz Republic | $-7.1B | 19.9% |
| 26th | El Salvador | $-6.8B | -5.7% |
| 27th | Senegal | $-6.2B | 20.4% |
| 28th | Canada | $-5.9B | -501.7% |
| 29th | West Bank and Gaza | $-5.4B | 31.6% |
| 30th | Uganda | $-4.9B | 0.4% |
| 31st | Moldova | $-4.7B | -18.4% |
| 32nd | Croatia | $-4.3B | -134.6% |
| 33rd | New Zealand | $-4.2B | 44.7% |
| 34th | Serbia | $-4.1B | -16.2% |
| 35th | Bosnia and Herzegovina | $-4.0B | -22.3% |
| 36th | Haiti | $-3.9B | 3.0% |
| 37th | Guinea | $-3.7B | -121.2% |
| 38th | Namibia | $-3.5B | -20.7% |
| 39th | Nicaragua | $-3.5B | -46.3% |
| 40th | Kosovo | $-3.4B | -5.6% |
| 41st | Tunisia | $-3.2B | -10.8% |
| 42nd | Botswana | $-3.2B | -279.0% |
| 43rd | Georgia | $-2.7B | -0.9% |
| 44th | Sri Lanka | $-2.6B | -43.8% |
| 45th | Belgium | $-2.6B | -10.3% |
| 46th | Mozambique | $-2.3B | 26.8% |
| 47th | Bolivia, Plurinational State of | $-2.3B | 10.3% |
| 48th | Zimbabwe | $-2.2B | -3.0% |
| 49th | North Macedonia | $-2.2B | -6.6% |
| 50th | Congo, Democratic Republic of | $-2.2B | -17.6% |
| 51st | Albania | $-1.9B | -43.7% |
| 52nd | Montenegro | $-1.9B | -32.4% |
| 53rd | French Polynesia | $-1.8B | -21.8% |
| 54th | Mauritius | $-1.7B | -28.7% |
| 55th | Cameroon | $-1.6B | 20.3% |
| 56th | Madagascar | $-1.5B | -30.2% |
| 57th | Tanzania | $-1.5B | 51.6% |
| 58th | New Caledonia | $-1.5B | 16.3% |
| 59th | Timor-Leste | $-1.4B | -53.4% |
| 60th | Belarus | $-1.4B | -500.2% |
| 61st | Mali | $-1.3B | 35.9% |
| 62nd | Rwanda | $-1.2B | 44.5% |
| 63rd | Mauritania | $-1.2B | 28.6% |
| 64th | Algeria | $-1.2B | -112.2% |
| 65th | Paraguay | $-1.1B | -245.3% |
| 66th | Burkina Faso | $-783.2M | 25.9% |
| 67th | Armenia | $-730.4M | -115.4% |
| 68th | Latvia | $-696.4M | 55.6% |
| 69th | Benin | $-635.8M | 30.6% |
| 70th | Gambia, The | $-593.4M | 3.7% |
| 71st | Bahamas, The | $-581.9M | -311.2% |
| 72nd | Solomon Islands | $-478.6M | -11.0% |
| 73rd | Central African Republic | $-451.7M | -21.1% |
| 74th | Sierra Leone | $-419.3M | 51.1% |
| 75th | Seychelles | $-390.8M | -27.5% |
| 76th | Comoros | $-353.8M | -6.8% |
| 77th | Iceland | $-353.6M | -225.9% |
| 78th | Slovak Republic | $-346.4M | -116.2% |
| 79th | Guinea-Bissau | $-335.2M | -12.1% |
| 80th | Cambodia | $-333.7M | -87.0% |
| 81st | Cabo Verde | $-313.6M | 24.0% |
| 82nd | Sudan | $-275.0M | -167.6% |
| 83rd | Mongolia | $-241.6M | -112.3% |
| 84th | Samoa | $-214.1M | 27.9% |
| 85th | Micronesia, Federated States of | $-210.0M | -11.7% |
| 86th | Marshall Islands | $-115.1M | -5.6% |
| 87th | Nauru | $-89.8M | -3.9% |
| 88th | Maldives | $-3.2M | 96.2% |
| 89th | Eswatini | $1.5M | 101.2% |
| 90th | Belize | $47.2M | -55.3% |
| 91st | Estonia | $129.9M | -67.2% |
| 92nd | Faroe Islands | $136.2M | 227.9% |
| 93rd | Aruba | $325.0M | 46.6% |
| 94th | Djibouti | $481.4M | -20.8% |
| 95th | Côte d'Ivoire | $689.3M | 121.6% |
| 96th | Niger | $928.6M | 492.8% |
| 97th | Ghana | $953.4M | 239.9% |
| 98th | Finland | $1.1B | 1,483.9% |
| 99th | Equatorial Guinea | $1.2B | -13.9% |
| 100th | Cyprus | $1.4B | 91.4% |
| 101st | Zambia | $1.9B | 97.5% |
| 102nd | Congo, Republic of | $1.9B | -27.8% |
| 103rd | Chad | $2.3B | 9.5% |
| 104th | Brunei Darussalam | $2.4B | -2.0% |
| 105th | Bermuda | $2.7B | 16.1% |
| 106th | Bulgaria | $2.8B | -32.2% |
| 107th | Turkmenistan | $3.3B | -21.6% |
| 108th | Uruguay | $4.1B | 55.8% |
| 109th | Ecuador | $4.2B | 2,473.9% |
| 110th | Panama | $4.4B | 78.9% |
| 111th | Lithuania | $4.4B | 41.1% |
| 112th | Slovenia | $4.5B | -3.1% |
| 113th | Malta | $4.7B | 15.0% |
| 114th | Costa Rica | $5.5B | 17.9% |
| 115th | Portugal | $5.8B | 68.4% |
| 116th | Brazil | $6.4B | -87.2% |
| 117th | Azerbaijan | $6.8B | -35.3% |
| 118th | Türkiye | $7.3B | 134.5% |
| 119th | Libya | $7.3B | 11.6% |
| 120th | Gabon | $7.8B | 11.2% |
| 121st | South Africa | $7.8B | 146.1% |
| 122nd | Bahrain | $8.3B | 3.6% |
| 123rd | Hungary | $9.5B | 9.4% |
| 124th | Puerto Rico (US) | $11.5B | 72.5% |
| 125th | Chile | $11.8B | 293.4% |
| 126th | Iraq | $12.0B | -54.3% |
| 127th | Angola | $12.2B | -1.7% |
| 128th | Israel | $13.1B | -9.9% |
| 129th | Austria | $13.5B | 43.9% |
| 130th | Peru | $16.2B | 74.0% |
| 131st | Argentina | $16.4B | 344.7% |
| 132nd | Sweden | $16.5B | 2.9% |
| 133rd | Hong Kong SAR, China | $16.6B | 642.0% |
| 134th | Kazakhstan | $17.5B | -3.9% |
| 135th | Thailand | $17.7B | 65.7% |
| 136th | Oman | $18.5B | 4.3% |
| 137th | Macao SAR, China | $20.9B | 17.7% |
| 138th | Czechia | $21.7B | 28.0% |
| 139th | Malaysia | $22.5B | 17.9% |
| 140th | Indonesia | $25.0B | -15.9% |
| 141st | Luxembourg | $29.7B | 3.8% |
| 142nd | Viet Nam | $30.7B | -12.8% |
| 143rd | Poland | $36.7B | -21.2% |
| 144th | Australia | $36.9B | -51.2% |
| 145th | Denmark | $43.5B | 19.3% |
| 146th | Saudi Arabia | $43.9B | -43.0% |
| 147th | Italy | $52.1B | 44.4% |
| 148th | Norway | $65.9B | -11.8% |
| 149th | Spain | $71.8B | 15.6% |
| 150th | Korea | $76.4B | 975.9% |
| 151st | Russian Federation | $94.0B | 9.3% |
| 152nd | Switzerland | $95.7B | -5.7% |
| 153rd | Netherlands | $134.0B | 18.7% |
| 154th | Germany | $177.0B | -2.3% |
| 155th | Singapore | $192.6B | 1.8% |
| 156th | Ireland | $254.6B | 34.4% |
| 157th | China | $533.7B | 39.1% |
FAQ
What was Namibia's trade balance in 2024?▾
Namibia's trade balance in 2024 was $-3.5B. This ranked 38th globally.
How did Namibia's trade balance change in 2024?▾
Namibia's trade balance decreased by 20.7% in 2024 compared to 2023.
Which country had the highest trade balance in 2024?▾
China had the highest trade balance in 2024 at $533.7B.
What is the trade balance of Namibia in 2024?▾
The trade balance of Namibia in 2024 was $-3.5B. This ranked 38th globally.
How does 2024 compare to 2023 for Namibia's trade balance?▾
Namibia's trade balance went from $-2.9B in 2023 to $-3.5B in 2024, a 20.7% decrease.
Related
2023
2025
All years
Full ranking 2024
Exports
Imports
Current Account Balance
FDI Inflows
FDI Outflows
Peak: 1980
Lowest: 2025
Trade Balance 1990s
Trade Balance 2000s
Trade Balance 2010s
Trade Balance 2020s
Highest ever
Lowest ever
Average
vs Morocco
vs Tunisia
vs Viet Nam
vs Jordan
African Union Trade Balance
Global Ranking