Angola’s foreign trade totals US$14.645 billion in 1st quarter

27 June 2012

Angola’s foreign trade totalled 1.4 trillion kwanza (US$14.645 billion) in the first quarter of the year due to the price of oil, which is Angola’s main export product, according to figures from Angola’s National Statistic Institute (INE).

Cited by Angolan news agency Angop, the INE figures showed that, in the period, the value of Angolan exports rose 23.3 percent against the same period of 2011, and imports grew by 2.3 percent.

In the first three months of the year China was Angola’s main trading partner, accounting for 48 percent of Angola’s total exports, followed by India with 10.6 percent, then the US with 10.5 percent, Taiwan with 6.3 percent and Canada with 4.6 percent.

Portugal is the country that exports most to Angola, accounting for 19.4 percent of the West African country’s total imports, followed by China with 12.3 percent, the United States (9.2 percent), Brazil (5.9 percent), and South Africa with 4.9 percent.

In terms of imports Angola acquired equipment and apparatus from abroad accounting for 23.67 percent of the total, agricultural products were the second largest import category (14.63 percent), and vehicles and other modes of transport accounted for 14.28 percent of the total.

The list of products imported by Angola also includes base metals and food, accounting for 12.90 percent and 9.20 percent of imports, respectively. (macauhub)