Trade Trend

In 2023, Angola's total export value is 36.02Billion USD, total import value is 15.82Billion USD, Surplus is 20.20Billion USD, and foreign trade dependency is 0.612. In 2023，Angola's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(30.63Billion USD), Petroleum gases and other gaseous hydrocarbons(2.44Billion USD), Diamonds, whether or not worked, but not mounted or set(1.57Billion USD), top export destinations are China(18.24Billion USD), Spain(2.10Billion USD), Netherlands(1.98Billion USD). In 2023, Angola's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(3.42Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(463.87Million USD), Vehicles; for the transport of goods(402.59Million USD), top import origins are China(2.51Billion USD), Portugal(1.76Billion USD), India(1.12Billion USD).

Comparing to 2022, Angola's total export value decreased -10.22Billion USD(-22.10%) in 2023, this could result from its export decreases of products such as Petroleum oils and oils obtained from bituminous minerals; crude(-7.57Billion USD or -19.83%), Petroleum gases and other gaseous hydrocarbons(-2.01Billion USD or -45.21%), Diamonds, whether or not worked, but not mounted or set(-399.10Million USD or -20.28%) and export decreases to countries/economics such as India(-2.63Billion USD or -60.12%), China(-2.60Billion USD or -12.48%), Thailand(-1.16Billion USD or -97.34%). Comparing to 2022, Angola's total import value decreased -1.87Billion USD(-10.55%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-521.07Million USD or -13.22%), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(-238.51Million USD or -75.52%), Palm oil and its fractions; whether or not refined, but not chemically modified(-152.79Million USD or -46.57%), and its import decreases from countries/economies such as South Korea(-957.49Million USD or -57.68%), Netherlands(-683.31Million USD or -56.19%), China(-322.52Million USD or -11.38%).

Cumulated to first 7 months of 2024, Angola's total export value is 15.21Billion USD, total import value is 5.67Billion USD, and tradesurplus is 9.54Billion USD. Cumulated to first 7 months of 2024, Angola's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(13.55Billion USD), Diamonds, whether or not worked, but not mounted or set(634.67Million USD), Petroleum gases and other gaseous hydrocarbons(488.26Million USD), and top export destinations are China(7.45Billion USD), India(1.82Billion USD), Spain(1.03Billion USD). Cumulated to first 7 months of 2024, Angola's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(13.55Billion USD), Diamonds, whether or not worked, but not mounted or set(634.67Million USD), Petroleum gases and other gaseous hydrocarbons(488.26Million USD), and top import origins areChina(790.48Million USD), Portugal(558.77Million USD), Belgium(395.10Million USD).