The behavior of the current account was influenced, “essentially, by the increase in the balance of the goods account and the reduction of deficit balances in the services accounts, primary and secondary income”, says the Balance of Payments and International Investment Position Report referring to the third quarter of 2023.
According to the document made available by the National Bank of Angola (BNA), to which Lusa had access, the balance of the assets account went from 4.6 billion dollars in the previous quarter to 6.2 billion dollars in the quarter under analysis.
Export revenues, in the months of July, August and September 2023, increased by 17.3 percent, reaching 9.8 billion dollars against 8.3 billion dollars in the previous quarter.
“The aforementioned increase is essentially justified by the increase in revenue from exports of crude oil, gas and diamonds”, reads the BNA report.
In the field of imports of goods, in this period, the Angolan central bank reports that the amount spent was 3.5 billion dollars, representing a decrease of around 4.1 percent compared to the previous quarter.
Angola's main trading partners, with regard to the origin of imports, were China, with a share of 13 percent, followed by Portugal (10.4 percent), Togo (10 percent), the United Arab Emirates (7.9 percent) and Italy, with 6.7 percent.
The services account presented, in the third quarter of 2023, a reduction in its deficit balance of around 13.8 percent, going from 1.8 billion dollars in the second quarter to 1.6 billion dollars in the quarter in analysis.
