Angola exports products worth US$60 billion in 2011

7 March 2012

Angola’s exports in 2011 totalled US$60 billion, whilst its imports totalled around US$21.4 billion, the chair of the board of the National Private Investment agency (Anip), Maria Luisa Abrantes said Tuesday in Luanda.

The Anip chairwoman, who was speaking to a group of businesspeople from Argentina visiting Angola, said that Angola’s exports were oil, diamonds, coffee, fish and sisal, whilst imports were essentially of machinery, electrical equipment, vehicles and parts, foodstuffs, textiles and others.

Abrantes told the Argentinean businesspeople that Angola needed investments in a number of sectors and noted that the hydroelectric sector was one of the most interesting because the country had significant hydroelectric potential.

The Anip chairwoman also said that, as well as oil, which is Angola’s main export product, agriculture was also a sector that was seeing growth and that after peace was established in 2002, it contributed around 13.9 percent to GDP in 2009. (macauhub)