Angola Import Data

Angola's Import/Export Overview and Domestic Market Analysis

Imports & Exports

• Top Trade Partners: Angola's major trading partners are China, the United States, Portugal, India, and Brazil, reflecting a diverse and strategic global engagement.

• Top 5 Imports: Machinery and equipment, vehicles, pharmaceuticals, food products, and electrical machinery. These constitute over 60% of Angola's total imports.

• Top 5 Exports: Crude petroleum, diamonds, refined petroleum, copper ores, and chemical wood pulp form the core of Angola's export basket, accounting for over 90% of total exports.

• Trade Balance: Angola enjoys a significant trade surplus, primarily due to high export revenues from oil and diamonds, which outpace import costs.

• Trade Policy: Angola has implemented measures to diversify its economy away from oil dependence, including trade reforms and the promotion of non-oil exports.

Domestic Market

• Consumer Spending: Consumer spending in Angola is growing, driven by a rising middle class, but faces challenges due to high inflation.

• Inflation & Interest Rates: Inflation has been a persistent issue, leading the central bank to maintain high interest rates to curb prices and stabilize the economy.

• Supply Chain: Supply chains are improving, facilitated by investments in infrastructure and logistics, but are still vulnerable to external shocks.

• Industry Performance: The oil sector remains dominant but faces competition from expanding sectors like telecommunications, construction, and agriculture, which are showing promising growth.

Overall Outlook

Angola's economy, despite facing challenges such as inflation and diversification efforts, holds strong potential for growth. Strategic investments in non-oil industries and infrastructure are expected to contribute to a more stable and diversified economic landscape.