Angola posts trade surplus of US$11.655 billion in 2015

15 June 2016

Angola’s balance of trade recorded a surplus of US$11.655 billion in 2015, with exports totalling US$23.585 billion and imports US$11.930 billion, said Angola’s National Statistics Institute (INE).

The INE document cited by newspaper Jornal de Angola said exports fell year on year by 31.75 percent and imports by 29.41 percent, compared to figures recorded in 2014, and the balance of trade was 33.99 percent lower than in the previous year.

In 2014, Angolan exports totalled US$34.557 billion and imports US$16.903 billion, which led to a surplus of US$17.647 billion, according to INE figures.

Angola’s main export partners in 2015 were China, with 43.37 percent of the total, India, with 8.02 percent, Spain with 6.72 percent and France with 4.75 percent.

Angola’s main suppliers that year were China (16.93 percent), Portugal (14.79 percent), South Korea (7.76 percent) and the United States (7.48 percent). (macauhub/AO/CN)