Ver Angola

Trade

In the first half of this year, the country imported at cheaper prices and exported at higher prices

Data from the Price Index of Export and Import Goods (IPEI), released recently by the National Institute of Statistics, indicate that in the first six months of this year, the country imported goods at cheaper prices while exporting at more expensive prices.

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The numbers, cited by Mercado, show that in the period under analysis, the prices of imported products suffered a decrease in the order of 1.7 percent. Already the values ​​of exported products had a growth in the order of 6.9 percent.

In turn, in annual terms, imported prices increased by around 28 percent, while that of exported goods grew by 111.8 percentage points, reaching 83.7 percent in June.

The list of products that most contributed to the variation in import prices is composed of machinery and other equipment, with 1.7 percentage points, food, also with 1.7 percentage points, and common metals, with 0.9 percentage points, writes Mercado.

Fuels and minerals (7.3 percentage points), chemicals, cellulosic products and paper (0.001 percentage points each) were the products that most influenced the variation in export prices.

Also during the first half of this year, the terms of trade grew by 5.1 percent, causing the annual rate to accelerate to 49.9 percent, the data reveals.

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