Brazilian exports to Angola more than double in first quarter

4 May 2006

Luanda, Angola, 04 May – Exports from Brazil to Angola more than double year on year in the first quarter of 2006, continuing the growth trend from 2005, official Brazilian figures showed.

According to Brazil’s Ministry of Foreign Trade, between January and March goods to the value of US$202.8 million were exported to Angola, a 130 percent increase on the same year-ago period.

In 2005, Brazilian exports to Angola rose by around 45 percent to US$520.4 million.

Amongst the products imported by Angola, sugar accounts for around 10 percent of the total, meat and iron and steel bars around 4 percent each, machines and industrial equipment around 3 percent each.

Brazilian exports to Angola where those that saw greatest growth in 2005, alongside China which increased its exports to the West African country by 91 percent to US$370 million, according to official figures.

Portugal remained ahead with exports of US$800 million in 2005, a 20 percent increase on the previous year.

In the first two months of the year, according to the National Statistics Institute (INE) Portuguese exports to Angola rose by 44 percent to 150 million euros.

South Africa saw an increase in sales to Angola of 12.5 percent last year, totaling US$580 million. (macauhub)