Portuguese exports to Angola rise 55 pct year on year in first half

12 September 2006

Lisbon, Portugal, 12 Sept – Portuguese exports to Angola increased by 55 percent in the first half of 2006, a lower rate of growth than that of Brazilian exports in the same period, and in which South Africa also sold more, according to Portugal’s National Statistics Institute (INE).

Figures published by INE in Lisbon showed that between January and July sales by Portugal to Angola totaled 534.7 million euros (US$679.6 million), against the 344.5 million euros (US$437.6 million) posted in the same period of 2005.

Imports from Angola to Portugal fell by 97 percent, from 24.3 million euros to 595,000 euros, INE figures showed.

In the first half, according to the latest figures from Brazil’s Ministry fo Foreign Trade, sales to Angola rose by 84 percent to US$416.5 million.

Brazil’s exports to Angola are mainly made up of sugar, meat, iron and steel bars and machinery.

After falling in 2005, and in the first quarter of 2006, South African exports to Angola bounced back from January to May, rising 1.27 percent against the same year-ago period.

South Africa sold products to Angola totaling 1.4 billion rand (US$190.3 million) in the first five months of the year, mainly made up of machines and equipment, base metals and chemicals. (macauhub)