Portuguese exports to Angola rise 21.6 pct year on year between January and April

17 June 2009

Leiria, Portugal, 17 June – Portuguese exports to Angola totalled 720 million euros between January and April, having risen 21.6 percent against the same period of 2008, the president of the Portugal-Angola Chamber of Commerce and Industry said in Leiria Tuesday.

During a seminar about economic relations between Portugal and Angola, Carlos Bayan Ferreira noted that the rise posted boosted Angola’s role as the fourth destination for Portuguese exports, and the first outside the European Union.

“Whilst overall Portuguese exports fell 20 percent or even 30 percent, to Angola they rose by 21.6 percent,” Bayan Ferreira said adding that Angola was moving further away from the United States, which is the next destination for Portuguese exports.

Figures provided by the Chamber showed that between 2007 and 2008 Portuguese exports to Angola saw a rise of 35 percent, totalling over 2.2 billion euros.

The machinery sector accounted for 29 percent of total Portuguese exports to Angola, followed by food and beverages with 13 percent.

The seminar on Portugal/Angola Economic Relations brought together around 100 businesspeople and shareholders of Banco BIC Portugal, on the day that the bank opened a branch in Leiria. (macauhub)