Ver Angola


Trade balance recorded a positive balance of 2.6 billion kwanzas in the fourth quarter of 2022

The trade balance recorded, in the fourth quarter of 2022, a positive balance of around 2.6 billion kwanzas, representing a decrease in exports and an increase in imports compared to the same period last year.


According to the bulletin for the IV quarter of 2022 on Foreign Trade Statistics from the National Institute of Statistics (INE) of Angola, consulted this Tuesday by the Lusa agency, the amount recorded in the IV quarter of 2022 is the result of price behavior of oil.

The document underlines that the fourth quarter of 2022 registered, compared to the same period, a decrease in the total value of exports of -14.6 percent and an increase in imports, in the same period, of 30.8 percent.

Asia was the leading continent for Angolan exports, with 58 percent, followed by Europe (34.7 percent) and Central and South America (4.3 percent), in relation to the total value.

In imports, the main continents were Asia, with 51.0 percent, followed by Europe (31.7 percent), North America (6.3 percent) and Africa (5.8 percent).

Statistics indicate that Angolan exports had China as their main destination, with 40.1 percent, followed by the Netherlands (10.1 percent), India (9.0 percent), France (8.3 percent) and the United Kingdom (5.4 percent).

Imports were from China, with 18.5 percent, South Korea (12.8 percent), Portugal (10.9 percent), India (5.6 percent) and the Netherlands (5.0 percent).

In the period under review, the main African export partners were the Democratic Republic of Congo (38.7 percent), Namibia (19.6 percent), Ghana (13.9 percent), Republic of Congo (10.2 percent) and South Africa (8.0 percent), relative to Africa's total figure.

"For imports, in the same period, the main African partners were: South Africa with 56.6 percent, Namibia with 10.0 percent, Eswatini with 8.6 percent, Morocco with 8.2 percent and Egypt with 3.3 percent in relation to the total value of Africa", refer to INE data.

In the list of exports, fuel (94.1 percent) and other products, including diamonds, stand out with 4.6 percent of the total amount collected in the fourth quarter of 2022.

As in exports, in imports, in the same period, fuels stand out (20.5 percent), followed by machinery, equipment and devices (17.7 percent), agricultural (16.7 percent), vehicles and other means of transport (9.0 percent) and chemicals (8.6 percent) in relation to the total value.

According to the classification by major economic categories of goods, during the period under review, fuels (94.0 percent), consumer goods (4.8 percent) and intermediate goods (0.9 percent) led in exports of the total amount.

In terms of imports, consumption goods (33.4 percent), intermediate goods (28.4 percent), fuels (20.4 percent) and capital goods (17.8 percent) were in relation to value total.


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