Ver Angola


Angolan exports to Spain increased by 700 percent in 2022

Exports of Angolan products to Spain increased by 700 percent until October 2022, to 1,531 million euros, placing the Iberian country among Angola's main customers.


According to official data consulted by Lusa, the increase was significant compared to 2021, the year in which Spain imported 628 million euros to Angola, 92 percent of which corresponded to oil purchases.

That year, Spanish exports to the African country reached 145 million euros, a value already surpassed in 2022, taking into account that, between January and October, sales reached 160 million euros and indicating that bilateral trade is recovering in the post-pandemic period.

Currently, 38 companies have permanent facilities in Angola and another four dozen operate in the country.

There are 536 Spanish citizens registered in the consular section of the Embassy of Spain, but in total the Spanish community should have around 1000 people, including permanent and temporary residents.

Spanish companies operate in various sectors, with emphasis on energy, water treatment and sanitation, industrial refrigeration, fisheries, information technology, engineering and equipment and construction goods.

Between August 2018 and June 30, 2022, Spanish direct investment represented 401 million dollars, in five projects, out of a total of 493 projects from 50 countries registered in that period, according to the Private Investment and Export Promotion Agency of Angola (Aipex).

Angola receives on Monday the kings of Spain, on a three-day state visit, the first of the monarchs to a country in sub-Saharan Africa.

The visit includes a series of high-level meetings and participation in a business forum, as well as the signing of three memoranda of understanding in the areas of diplomacy, industry and sport.


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