Brazilian exports to Angola rise 111 pct year on year between January and May

4 July 2006

Luanda, Angola, 04 July – Brazilian exports to Angola increased by 111 percent between January and May, to US$319 million, boosting the growth posted last year, according to Brazilian Ministry of Development, Industry and External Trade figures.

The figures showed that the growth rate of Brazilian exports to Angola was greater than that of the West African country’s biggest exporters – Portugal and South Africa, which saw a slight fall in exports in the first quarter.

Last year, imports of Brazilian products – mainly sugar and meat, and steel working products and industrial equipment – increased 46 percent to US$520.4 million.

In the first quarter, South African exports to Angola fell 6.0 percent, against the same period of last year, totaling 800.6 million rand (US$112 million).

Last year, South African exports of goods and services increased 12 percent against the same period of last year, totaling 3.47 million rand (US$487 million).

Exports to Angola are mainly made up of machines and equipment, base metals and chemical products.

Growth in Portuguese sales to Angola slowed over the last few months, to 44.7 percent from January to April.

In the first four months of the year exports totaled 327.9 million euros, as compared with 226.6 million euros in the same period of last year.

Portugal mainly exports machines and equipment and food products to Angola.

Angolan exports to Portugal have seen a significant drop, totaling 390,000 euros form January to April, or half the amount posted in the same period a year ago. (macauhub)