Angola: Angola-China trade exceeds US$25 billion in 2008

15 May 2009

Luanda, Angola, 15 May – Angola was China’s largest trading partner in Africa in 2008, with trade of US$25.3 billion, after over US$22 billion in 2007, Jornal de Angola reported.

Bilateral trade has seen significant growth, according to an assessment by the Permanent Commission of the Council of Ministers, on summarising its trade with the Asian giant.

Angola exports crude oil to China, and is its biggest African supplier of the product, diamonds and scrap metal and imports food, machinery, equipment, electronic devices, clothing and footwear.

Exports of oil, diamonds and scrap metal to China reached an approximate value of US$7 billion between 2004 and 2006. (macauhub)