Between January and March 2022, Angola's trade balance showed a positive balance of 4.55 billion kwanzas due to the behavior of the price of oil, the main export product.
In the first quarter, exports registered an increase in the total value of around 43 percent and imports grew by 16 percent.
China, with 50.9 percent, was the main destination for exports, followed by India with 12.3 percent, France with 6.6 percent, the United Kingdom with 4.5 percent and the United Arab Emirates with 2.8 percent in relation to the total amount.
China was also the main partner in terms of imports, accounting for 13.4 percent of imported products. Belgium followed with 12.5 percent, Portugal with 11.7 percent, the Netherlands with 6.6 percent, and the United States of America with 5.4 percent.
Among African countries, South Africa accounted for almost 70 percent of exports, followed by far the Republic of Congo (Brazzaville), with 21 percent, and the Democratic Republic of Congo, with 3.3 percent, while on the import side, Togo (42.3 percent), South Africa (37 percent), Morocco (5.1 percent), Namibia (4.1 percent) and Egypt (2.8 percent) dominated.
