Ver Angola

Trade

Exports decreased 17.6 percent in the second quarter

Angolan exports decreased by 17.6 percent in the second quarter, compared to the same period last year, standing at 4.8 billion kwanzas, with the trade balance maintaining a positive balance.

: Chilala Moco
Chilala Moco  

According to foreign trade statistics, in the same period, imports increased by 25.4 percent to 2.3 billion kwanzas.

The trade balance showed a balance of 2.5 billion kwanzas, as a result of the behavior of oil, the main export product (4.6 billion kwanzas, which is equivalent to 95 percent of the total), followed by precious stones and metals, with 3.4 percent, which had a year-on-year drop of 29 percent.

China was the main destination for Angolan exports (57.8 percent), followed by India (6.2 percent), the Netherlands (4.3 percent), Spain (3.9 percent) and Brazil (3.5 percent).

The Asian country was also the main partner in terms of imports (17.5 percent), followed by Portugal (12.7 percent), the United Arab Emirates (8.4 percent), India (8 percent) and Togo (6.8 percent).

Machines and apparatus (23.8 percent), fuels and minerals (18 percent), vehicles and other means of transport (10.9 percent), food products (8.4 percent) and common metals (8.2 percent) percent) were the main groups of imported products.

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