Key Market Indicators
In 2018, Namibia saw a significant increase in its imports of DC motors, reaching approximately $441,000. This marks a 10% jump from the $401,000 recorded in 2017. However, this rise comes against a backdrop of a long-term decline in demand, which has decreased by 7.3% year on year since 2005. Conversely, Namibia's exports of DC motors experienced a dramatic decline in 2018. The total value plummeted to around $25,000, down from $69,000 in 2017. This represents a sharp 64.3% drop from the previous year. Over the long term, the supply of DC motors from Namibia has been on a downward trajectory, falling by 19.3% annually since 2005.
