Ver Angola


Portuguese exports to Angola increased by almost 51 percent in 2022

Exports of Portuguese goods to Angola increased by 50.8 percent in the first eight months of 2022, compared to the previous year, reaching approximately 890 million euros, according to the Portuguese Agency for Investment and Foreign Trade (AICEP).


The data were revealed this Tuesday in Luanda by the AICEP delegate, João Falardo, who took part in the 5th Angola-Portugal Meeting, organized by the Portugal-Angola Chamber of Commerce and Industry (CCIPA).

With regard to imports, trade originating in Angola (essentially mineral fuels) increased by 506.4 percent between January and August, totaling 438 million euros.

Angola is the ninth destination for Portuguese exports, having risen one position compared to 2021, being the 27th supplier of goods to Portugal (48th place in 2021).

The head of AICEP stressed that the bilateral relationship between Portugal and Angola "is going through an excellent moment in its various dimensions" and must be accompanied "by an increasingly dynamic commercial activity".

Currently, 1300 companies with Portuguese or mixed capital operate in Angola in sectors such as civil construction, agri-food and agro-industrial, banking, metal-mechanical insurance, information and communication technologies, energy, health, transport and logistics, said João talkative.

For the AICEP delegate, "the Angolan government's economic diversification policy should be seen by Portuguese companies as a source of business opportunities", representing "mutual benefits and shared wealth" for Portuguese and Angolans.

The president of the CCIPA, João Traça, highlighted that the "covid hangover" also coincides with a time when "a new cycle of economic growth" begins, which will have associated the diversification of the Angolan economy.

"It is therefore up to businesspeople and, in this particular case, businesspeople from Angola and Portugal, to be the actors in this cycle and to establish the necessary partnerships to seize the opportunities that diversification will bring", underlined the businessman.

As for the CCIPA, which celebrates its 35th anniversary this year, it intends to be an "accelerator" of these partnerships and opportunities, contributing to the sharing of information that facilitates investment decision processes, indicated João Traça.

The event was attended by representatives of some of the largest companies linked to Portugal that operate in the Angolan market, including Angonabeiro (a subsidiary of Delta), the banks Caixa Angola and Millennium Atlântico or the insurance company Fidelidade.


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