Namibia's Radioactive Chemical Market Seek Rapid Growth in 2022

 Namibia is the major market for radioactive chemicals exports. These include thorium, uranium, sulphur, zinc etc. Namibia is the 9th largest radioactive chemicals exporter in the world. Namibia has rich deposits of radioactive chemicals including zinc, copper, uranium etc. 

As per the Namibia import export data reports, Namibia's total chemicals exports were around 1 billion US Dollars in 2021. As compared to last year's exports (560 million US Dollars) in 2020, Namibia's radioactive chemicals export market seeks massive increase. Namibia customs data suggests that China, France and Canada were the major importers of radioactive chemicals imports from Namibia.

For the financial year 2022, Namibia's total trade value was around 225 Namibian Dollars. The country’s total Imports were 126 billion Namibian dollars with a 32% increase compared to last year imports. On the other hand, Namibia’s total exports were 95 billion Namibian dollars in 2022. South Africa, United States, United Kingdom, Angola and Netherlands emerged as the major trade partners of Namibia as per the Namibia shipment data records.

Namibia is the fourth largest producer of uranium oxide in the world.

Namibia contains almost 10% of the world's total uranium reserves. According to the Namibia trade data, It is the largest export commodity of Namibia. As per China import data reports, Namibia exported around 2 billion US Dollars of Uranium to China. Other major importers of Uranium from Namibia were South Africa, Netherlands and Belgium. Rössing is the leading Uranium export company from Namibia with maximum year wise uranium export shipments.

Namibia is the world's largest zinc producer

As per Namibia export data, Namibia’s zinc exports were around 60 million US Dollars in 2020. Singapore (25 million USD), South Africa (18 million USD), Italy (8 million USD), Taipei (2 million USD) and Indonesia (1.8 million USD) were the major importers of Namibian Zinc in 2020.

On the other hand, our Namibia import data reports reflect that zinc imports were merely 139K USD in 2020. South Africa was the top zinc exporter to Namibia. In the Financial year 2021, Skorpion Zinc, Zinc Ingots and Rosh Pinah were the leading zinc importing companies from Namibia. Experts suggest that Namibia's zinc market will grow by 18% until 2025.

Namibia is the third largest copper exporter in the world

Namibia is the major destination for global copper exports. It is the most exported product in the world. For the fiscal year 2020, Namibia's total copper exports were around 1.38 billion US Dollars. The top Copper import export companies from Namibia are Lithium Ore, GI Golden Import and Exports, Veron's Trading Enterprises, T.W. Trading and Erongo Mining.

China, Germany, Netherlands, Hong Kong and Belgium were the major destinations for Namibia's copper exports. Also, Copper is the most imported product of Namibia with total imports 1 billion US Dollars in 2020. Zambia, Spain and Congo were the fastest growing markets for Namibia's copper imports.

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