The country has suffered from both trade deficit as well as balance of payment deficit over the years.
Namibia has experienced both trade deficit as well as balance of payment deficit over the years. Country's major exportable items are diamonds, minerals and manufactures.
Major importable commodities of the country are food, fuel and energy and capital goods.
Levels of exports and imports of the country are as shown through the following diagram:
The overall trade scenario of the country is as follows:
Foreign Trade 2000 2003 2004 Merchandise trade (% of GDP) 84.1 72.7 74.7 Net barter terms of trade (2000 = 100) 100.0 97.2 97.2 Exports of goods and services (% of GDP) 45.6 51.4 46.3 Imports of goods and services (% of GDP) 51.2 55.0 45.0
Namibia has joined the World Bank in 1990. It is also a member of International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA).