Growth of Portuguese exports to Angola increases to 49 pct in first quarter

6 June 2006

Lisbon, Portugal, 06 June – Portuguese exports to Angola increased by 49 percent in the first quarter, against the same period of 2005, boosting the high-growth trend recorded in 2005, official figures showed.

Figures from Portugal’s National Statistics Institute (INE) showed that exports to Angola between January and March 2006 totaled 256 million euros as compared to 170.9 million in the year-ago period.

In the same quarter, Angola’s exports to Portugal fell to half their year on year value in the first quarter, to 306,000 euros, inverting the growth trend that had begun in 2004.

Last year, Portugal exported goods and services to Angola to the value of 800.4 million euros, which represented a 20 percent increase against the previous year, and of 40 percent against 2002.

The largest increases were posted in exports of machinery, which accounted for around 200 million euros, and of base metals.

Portugal is currently Angola’s largest foreign suppliers, and second place is disputed by Brazil and South Africa.

Until April this year Brazilian exports to Angola more than doubled, totaling US$253.7 million, according to figures from Brazil’s Ministry for Development, Industry and Foreign Trade.

Angola mainly imports agricultural products such as sugar and meat from Brazil, as well as metal-working products and industrial equipment.

South Africa exported goods and services to Angola in 2005 to the value of US$528.9 million, or a year on year increase of 12 percent.

However, it was Chinese exports to Angola that saw the greatest increase last year, of 91 percent to US$370 million, according to official figures. (macauhub)