WINDHOEK, Sept. 13 (Xinhua) -- Brazil, Russia, India and China, four members of the BRICS group, were ranked third as the largest export market for Namibia's domestic economy, according to Namibia's Statistics Agency (NSA) on Thursday.
The agency in their quarterly trade statistic bulletin for the second quarter of 2018 said that year on year, domestic exports absorbed by BRICS (excluding Namibia's neighboring country South Africa), rose significantly, registering 209.4 million U.S. dollars compared to only 36.6 million U.S. dollars recorded in the second quarter last year, indicating an increase of 472 percent.
In trade by economic regions, the European Union (EU) once again dominated Namibia's export market compared to other economic regions during the period under review.
Meanwhile the Southern African Customs Union (SACU) was Namibia's second largest export market. SACU accounted for 24 percent of the total exports, down from 38 percent in the second quarter of 2017.
