Angola’s balance of trade improves in 2010

11 April 2011

Luanda, Angola, 11 April – Angolan imports posted a drop of 12.5 percent in 2010, according to a report in Angolan newspaper O País.

The paper, which cited Angola’s Customs Service, said that the customs value of imported goods totalled US$18.1 billion, whilst in 2009 it had reached US$20.69 billion.

In terms of exports the paper said that they had risen to US$52.3 billion, as compared to US$51.23 billion in 2009.

Portugal continues to be the main supplier of the Angolan economy, with a share of 13.8 percent of imports and a value of US$2.49 billion followed by the Netherlands, China, the United States, Brazil and South Africa.

In terms of the destinations of Angola’s exports, china ranks in first place and represents 42.3 percent of the total and a value of US$22.11 billion, followed by the United States, India, France, Taiwan, South Africa and Canada. Portugal, which heads the import ranking, in terms of exports is ranked 10th. (macauhub)