Key Market Indicators
Namibia is projected to see its Fishing Equipment Import grow to $1.9 million by 2026. This would be an increase of 1.1% annually, on average, from 2021 to 2026. The country's imports stood at $1.7 million in 2021. In 2021, Oman overtook Namibia in Fishing Equipment Imports, coming in at $1.7 million. Japan, South Korea and Singapore followed in second, third and fourth place respectively. Namibia's Fishing Equipment Export declined by 34.5% in 2018, landing at $54,050. This was down from $82,550 the year before. Since 2005, the country's exports have increased by an average of 9% each year.
