According to the most recent Apex data, dated April 2023, Brazil exported 640 million dollars to Angola, with "Poultry meat and edible offal, fresh, chilled or frozen" and "Sugars and molasses" standing out among the ten most exported product categories (in first and second place, respectively).
These two categories, together with "Edible remains of prepared or preserved meat", represented almost half of the value of exports, reaching a total of 296 million dollars, reveals a report by the Brazilian Trade and Investment Promotion Agency (Apex) consulted by Lusa.
Among the products with higher added value, there was also significant growth in exports of "Motor vehicles for the transport of goods" and "Footwear", with an average annual growth of 38.6 percent and 28.7 percent, respectively, between 2018 and 2022
Between 2018 and 2022, Brazilian exports showed an average growth of 8.8 percent.
Brazil had a 4.7 percent share of the Angolan market in 2021, similar to 2013, with 2008 being the year in which a greater flow of trade was recorded.
On the other hand, despite the trade balance being favorable to Angola in 2022, this country appears only in 56th place as a supplier to Brazil, selling mainly oil and associated products, which reached 765 million dollars out of a total of 768 million dollars, representing 99.7 percent of Angolan exports.
"In 2022, there was a significant increase in Brazilian imports of Angolan oil, which made the trade balance negative. This was only the second time that this happened in the historical series since 2003", stresses the Apex.
In the document consulted by Lusa, Apex identifies as opportunities for Brazilian exports the sectors of "Machinery and transport equipment", "Food products" and "Manufactured articles" (such as footwear, tempered glass, cutlery, medicines and pharmaceutical products).
The Brazilian agency also has a sectoral project focused on Angola, in the Home and Construction sector, which has the Instituto Nacional do Plástico (INP) as a partner.
There are currently around 200 Brazilian companies or companies belonging to Brazilians operating in the Angolan market.
The Brazilian President, Luiz Inácio Lula da Silva, who traveled to the BRIC summit in South Africa, will visit Angola between Friday and Saturday, before heading to São Tomé and Príncipe to participate in the conference of heads of state and government of the Community of Portuguese Speaking Countries (CPLP).
Economic issues will be among the central points of Lula da Silva's agenda, who will participate on Friday in an Economic Forum where his Angolan counterpart, João Lourenço will also be present.