Namibia: Fish the Only Product With a Diversified Market

Namibia

Published Sep 18, 2020

Tridge summary

THE latest trade statistics put fish exports at the top of the country's competitive products, being send to at least 10 countries around the world. This is an achievement no other Namibian product in the top five exports in volume has achieved, according to the latest trade statistics for July 2020, compiled by the Namibia Statistics Agency (NSA).

Original content

Apart from being the only non-mineral product in the top five exports for many years now, the sector is slowly expanding its market from Spain - which in July accounted for 50,3% of Namibian fish. Spain has been enjoying the bulk of Namibian fish since the statistics can go back in time, but a new trend is emerging with African countries showing a bigger appetite for Namibia's horse mackerel (maasbanker). "Fish primarily destined to Spain, Zambia, South Africa and DRC claimed third position with an 11,7% contribution to total exports," said the NSA. The diversified market shows competitiveness of the country's boxed fish and gives the country a chance to reduce its dependence on Spain for foreign reserves and income. Namibian fish also managed to go beyond the Southern Africa Customs Union (Sacu) and the Southern Africa Development Community (SADC) blocks to reach the Common Market for Eastern and Southern Africa (Comesa). Despite bilateral agreements, memorandums of ...

Source: All Africa