A net importer means the country imports more than it exports.
Commenting on the monthly trade statistics for the third quarter of 2021, the Meat Board of Namibia pinned it on ongoing re-stocking activity as a result of the drought aftermath that created this unusual trade position.
“An expected rebound in the cattle sector and better prospects in the sheep sector in the absence of quantitative restrictions is likely to reverse the current scenario,” reads the report.
“Exports of beef products increased substantially during the third quarter of 2021 on account of a doubling of the quarterly performance by export abattoirs in comparison to the year 2020.