Namibia | Imports and Exports | World | Iron and steel | Value (US$) and Value Growth, YoY (%) | 2011 - 2023
The value of exports of commodity group 72 "Iron and steel" from Namibia totalled $ 34 million in 2023. Sales of commodity group 72 from Namibia decreased by 9.49% in value terms compared to 2022. exports of commodity group 72 "Iron and steel" decreased by $ 3.61 million (cumulative exports of commodity group 72 from Namibia amounted $38 million in 2022)
Exports of commodity group 72 "Iron and steel" amounted to 0.627% of total exports from Namibia (cumulative merchandise exports from Namibia totalled $ 5.48 billion in 2023). The share of commodity group 72 in total exports from Namibia decreased by 0.025 p.p. compared to 2022 (it was 0.653% in 2022 and cumulative exports from Namibia were equal to $ 5.82 billion).
Where does Namibia export Iron and steel?
Top export destinations of "Iron and steel" from Namibia in 2023:
- United Arab Emirates with a share of 56% (19.3 million US$)
- Zambia with a share of 18.8% (6.5 million US$)
- India with a share of 7.53% (2.59 million US$)
- Luxembourg with a share of 7.36% (2.53 million US$)
- South Africa with a share of 5.27% (1.81 million US$)
- Singapore with a share of 1.17% (404 thousand US$)
- Italy with a share of 1.09% (377 thousand US$)
- Dem. Rep. Congo with a share of 1.09% (375 thousand US$)
- Angola - 328 thousand US$
- Korea - 60 thousand US$
Exports structure of 72 - Iron and steel - from Namibia in 2023 represented by the following main commodity groups:
- 70% (24 million US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
- 13.6% (4.69 million US$): 7228 - Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel
- 8.46% (2.91 million US$): 7202 - Ferro-alloys.
- 5.4% (1.86 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 0.4% (138 thousand US$): 7209 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, cold-rolled (cold-reduced), not clad, plated or coated
- 0.395% (136 thousand US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 0.286% (98 thousand US$): 7222 - Other bars and rods of stainless steel; angles, shapes and sections of stainless steel
- 0.284% (98 thousand US$): 7213 - Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel
- 0.275% (95 thousand US$): 7223 - Wire of stainless steel
- 0.182% (62 thousand US$): 7217 - Wire of iron or non-alloy steel
The value of imports of commodity group 72 "Iron and steel" to Namibia totalled $ 119 million in 2023. Sales of commodity group 72 to Namibia decreased by 3.79% in value terms compared to 2022. imports of commodity group 72 "Iron and steel" decreased by $ 4.7 million (the value of imports of commodity group 72 to Namibia was equal to $123 million in 2022)
Imports of commodity group 72 "Iron and steel" accounted for 1.64% of total import flow to Namibia (in 2023, total imports to Namibia amounted to $ 7.23 billion). The share of commodity group 72 in total imports to Namibia increased by 0.057 p.p. compared to 2022 (it was 1.58% in 2022 and cumulative imports to Namibia were equal to $ 7.79 billion).
Where does Namibia import Iron and steel from?
Top trading partners (import of "Iron and steel") of Namibia in 2023:
- South Africa with a share of 49% (58 million US$)
- China with a share of 46% (55 million US$)
- Zambia with a share of 2.24% (2.68 million US$)
- Botswana - 671 thousand US$
- Sweden - 661 thousand US$
- Portugal - 168 thousand US$
- Turkey - 155 thousand US$
- Spain - 112 thousand US$
- Germany - 96 thousand US$
- France - 66 thousand US$
Imports structure of 72 - Iron and steel - to Namibia in 2023 represented by the following main commodity groups:
- 37% (45 million US$): 7228 - Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel
- 14.5% (17.2 million US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 10.1% (12 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 5.19% (6.18 million US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 5.13% (6.11 million US$): 7202 - Ferro-alloys.
- 4.67% (5.56 million US$): 7217 - Wire of iron or non-alloy steel
- 4.17% (4.98 million US$): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
- 3.83% (4.57 million US$): 7225 - Flat-rolled products of other alloy steel, of a width of 600 mm or more
- 2.71% (3.23 million US$): 7222 - Other bars and rods of stainless steel; angles, shapes and sections of stainless steel
- 2.52% (3 million US$): 7215 - Other bars and rods of iron or non-alloy steel
