Namibia Swamped by N$2.55bn Oil Imports

Namibia spent over two billion dollars on petroleum oils last March. This made up one-fifth of everything the country bought from other nations. The amount jumped almost a billion dollars higher than what they paid in February. Petroleum remains important for running cars, making electricity, and keeping mines working across the country. Trade numbers came from the research firm Simonis Storm.

Namibia also bought trucks and work vehicles worth 543 million dollars during March. These purchases help companies move goods, build structures, and improve roads throughout the nation. The country further bought 486 million dollars of chemical elements for factories. Most of these chemicals came from Congo and South Korea. These materials help make products in many Namibian industries.
 

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