Portugal’s exports to Angola fall 45pct in the 1st quarter

12 May 2016

Portuguese exports to Angola fell by 45 percent in the first quarter of 2016 to 303 million euros, a fall of 248 million euros in real terms, said Tuesday in Lisbon the National Statistics Institute.

In the same three-month period Portuguese companies imported from Angola goods worth 217 million euros, an increase of 12.5 percent or 24 million euros in real terms.

Consequently, Portugal’s trade surplus with Angola, which in the first quarter totalled 359 million euros, fell to 86 million euros in the second quarter, a contraction of 273 million euros in real terms.

According to the figures issued by INE on Portugal’s top ten trading partners, both buyers and suppliers, at the end of the quarter Angola was in 6th position among the main buyers of Portuguese products and in 9th in terms of suppliers.

In lists led by Spain far ahead of the countries in second place – France in the case of buyers and Germany in the case of suppliers – China appears in both, occupying 10th place in the list of countries that import the most goods from Portugal and 7th in the lest of countries that sell most. (macauhub/AO/CN/PT)