Ver Angola

Trade

Imports with a sharp rise of 46 percent to 1.2 billion between January and July

In the first seven months of 2022, imports rose by 46 percent, to 1.2 billion dollars, compared to the same period in 2021. In turn, in the reference period, exports only yielded 36.7 million dollars to the country, corresponding to an increase of around three percent.

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Statistics from the General Tax Administration (AGT) on foreign trade, whose oil is not included in the calculations, cited by Expansão, indicate that the number of imported products under the Program for Supporting Production, Diversification of Exports and Substitution of Imports ( Prodesi), rose sharply in the first seven months of the year: they rose to 1.2 billion dollars (46 percent) compared to 2021, when imports between January and July last year amounted to 819,7 million dollars.

The data also show that exports also grew this year, albeit slightly. According to Expansão, between January and July 2022, the number of products exported earned the country 36.7 million dollars (three percent) compared to the same period last year when the amount was 35.7 million dollars.

Thus, if we add up the numbers of imports and exports, it can be seen that, from the beginning of the year to July, trade under Prodesi grew to 1,233.1 million dollars (44 percent), with the balance trade is assumed to be negative at 1,159.7 million dollars, writes Expansão.

It should be noted that the AGT statistics leave out oil, which represents almost the total (90 percent) of Angolan exports.

According to Expansão, AGT makes no reference to the destinations or origins of the country's trade. But according to data from the Angolan Cargo and Logistics Regulatory Agency (Arccla), for the first three months of this year, the list of destinations for Angola's exports was led by Asia.

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