Portuguese exports to Angola up 50 pct in 2006

17 May 2007

Luanda, Angola, May 17 – Portugal’s exports to Angola last year reached a value of 1.2 billion euros compared to the 800 million euros registered in 2005, according to official figures.

Citing Portugal’s ICEP exports promotion agency, Angolan state news agency Angop said Angola is now the eighth largest destination for exports from Portugal, representing 3.5 percent of total overseas sales of Portuguese firms.

“A 50 percent increase was recorded in 2006, mainly in the area of goods and equipment”, said the ICEP report, adding that there was a 43 percent rise in exports in the first quarter of 2007 compared to last year.

There was also an increased number of contracts by Portuguese firms approved in Angola last year, ICEP said, with this figure rising to 191 and corresponding to US$ 182 million, compared to the 83 projects approved in 2005 by Angola’s National Agency for Private Investment.

The latest figures from Angola’s customs services for 2006 show that the country’s main import sources were Portugal (17.1 percent), the United States (9.8 percent), Brazil (8.6 percent), China (8.5 percent) and South Africa (8 percent). (macauhub)