The mining and quarrying industry exported the most goods, valued at N$6.3 billion in January 2024, absorbing 53% of total exports.
The mining and quarrying industry products increased by N$1.6 billion compared to the previous month.
In December 2023, uranium decreased by N$2.1 billion, nickel ores and concentrated decreased by N$248 million, non-monetary gold decreased by N$163 million, and other crude minerals decreased by N$161 million.
In January 2024, however, uranium increased by N$3.1 billion, ores and concentrates of base metals increased by N$181 million and nickel ores and concentrates increased by N$172 million.
Uranium accounted for 31.7% of the total export of goods and was predominantly destined for China and Canada.
Precious stones (diamonds) came second on the list, accounting for 13% of the total exports (of which 1.4% were re-exports) and were mainly destined for Botswana.
Non-monetary gold took the third position, contributing 10.8%, and it was solely destined for South Africa.
The top five commodities re-exported in January 2024 were copper and articles of copper, occupying the first position with a share of 14.8% of total re-exports destined for Belgium and the Netherlands. Petroleum oils followed in second place with a share of 13.2%, mainly destined for Botswana.
Nickel ores and concentrates were in fourth position, with a share of 6.4% destined for Finland.
Lastly, precious stones (diamonds) took the fifth position, contributing to 6.3% of all commodities re-exported. Precious stones (diamonds) were mainly destined for Botswana, the UAE and Belgium.
On the demand side, mining and quarrying came second after manufacturing at N$6.1 billion, a 95% increase compared to December 2023.
