Table of Contents
- 1 Why is fishing important in Namibia?
- 2 What is the economic value of the fishing industry to Namibia?
- 3 Which country export more fish?
- 4 What are the constraints to the fishing industry in Namibia?
- 5 Where does Namibia export to?
- 6 What does Namibia import from other countries?
- 7 What country is the biggest importer of fish and fish products?
- 8 What problems may face the future expansion of the fish industry in Walvis Bay?
- 9 Where does Namibia export most of its fish?
- 10 Where does Namibia get most of its revenue?
Why is fishing important in Namibia?
The importance of fishing to Namibia’s economy calls for continued careful management so that fishing can provide income and employment for future generations. The world fish catch has roughly tripled over the past few decades from 40 million metric tons in 1961 to just under 120 million tons in 1998 (FAO, 2001).
What is the economic value of the fishing industry to Namibia?
6.3 Trade
| Year | Exports | Imports |
|---|---|---|
| 2000 | 410 239 | 24 176 |
| 2001 | 341 542 | 13 091 |
| 2002 | 363 518 | 9 296 |
| 2003 | 341 610 | 9 394 |
What are Namibia main exports?
Namibia exports mostly diamonds (25% of total exports), uranium, lead, zinc, tin, silver, tungsten, food and live animals and manufactured products. Namibia’s main exports partners are South Africa (27% of total), United Kingdom (17%), USA, Angola, Netherlands and Spain.
Which country export more fish?
The European Union was the top exporter of fish and fishery products worldwide in 2020, at 36.2 billion U.S. dollars in export value. China came in second at 20.8 billion U.S. dollars in fish and fishery exports.
What are the constraints to the fishing industry in Namibia?
The main challenges inhibiting the growth of Namibia’s fishery sector include a shortage of skilled labor, a lack of vessels, seismic impacts of oil exploration, and threats posed by proposed phosphate mining at sea.
How important farming is to Namibia?
Agriculture is one of Namibia’s most important sectors, with the majority of Namibia’s population dependent directly or indirectly on the agricultural sector for their livelihoods. The export of live animals (mostly cattle and sheep) has historically contributed to about two-thirds of agricultural exports by value.
Where does Namibia export to?
Namibia top 5 Export and Import partners
| Market | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| China | 1,499 | 23.96 |
| South Africa | 1,016 | 16.25 |
| Botswana | 611 | 9.76 |
| Belgium | 434 | 6.94 |
What does Namibia import from other countries?
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| Namibia Imports By Category | Value | Year |
|---|---|---|
| Iron and steel | $93.63M | 2020 |
| Rubbers | $93.57M | 2020 |
| Cereals | $90.59M | 2020 |
| Ships, boats, and other floating structures | $83.73M | 2020 |
What country is the biggest exporter of fish and fish products?
Both in volume and value terms, China is still by far the biggest exporter of seafood, followed by Norway (see Figure 1). Both countries have added more than USD 2bn to their seafood exports in the last five years (2012 to 2017). However, there was only a minor increase in the exported volumes.
What country is the biggest importer of fish and fish products?
In 2020, the top importer of fish and fishery products worldwide was the European Union. That year, the fish industry of the European Union had an import value of around 56.5 billion U.S. dollars. The United States imported around 22.4 billion dollars worth of fish and fishery products in that year.
What problems may face the future expansion of the fish industry in Walvis Bay?
What agricultural products does Namibia export?
The export of live animals (mostly cattle and sheep) has historically contributed to about two-thirds of agricultural exports by value. In 2019, Namibia exported about 12,400 metric tons of meat. Most meat is exported to the United States, Europe, South Africa, and China.
Where does Namibia export most of its fish?
They increased by 12% in the third quarter of 2018 from that exported during the third quarter of 2017, and contributed about 10% of the total export earnings of N$24,3 billion. The report says Namibia exported most of the fish to Spain, and realised N$1,1 billion.
Where does Namibia get most of its revenue?
FISH exports continued to play a significant role as one of Namibia’s major sources of revenue. The Namibia Statistics Agency (NSA)’s report for the third quarter of 2018 shows that fish was among the top five commodities, and the only food item among exports that included minerals such as diamonds and precious metals, ores and concentrates.
How can Caribbean countries benefit from regional integration?
The authors lay out key priorities to promote sustainable growth in the Caribbean and other small economies: Deeper regional integration to allow cost sharing and risk pooling would promote stable growth. Small economies often lack the resources to make large public investments.