Angola’s imports from China almost exclusively made up of consumer goods

15 February 2011

Luanda, Angola, 15 Feb – Angola’s imports from China are 90 percent made up of consumer goods and the remainder by machinery and equipment, according to a study by the Centre for Studies and Scientific Research of the Catholic university of Angola (Ceic/Ucan).

According to the study entitled, “The presence of China in Angola: Facts and myths,” cited by Angolan news agency Angop, Angolan exports are mainly made up of raw materials such as oil – 88 percent – diamonds and scrap.

The research also said that Angola is the African country with the biggest credit lines from China and that it is China’s biggest African trading partner.

It also notes China’s extraordinary levels of economic growth, which have only been possible due to a supply of raw materials, of which oil is one of the principal types. In 2009 39 percent of Angola’s total oil exports went to China, making it the Asian country’s second-largest supplier.

The study, which aimed to gather information and data about trade between the two countries, outlines the history of bilateral relations, the period of peace in Angola and its need for national reconstruction, as well as noting China’s lack of raw materials to sustain its economic development.

In 2010 China imported goods from Angola worth US$22.812 billion and Angola imported goods from China totalling US$2 billion. (macauhub)