China is top destination for Angolan exports in 1st quarter

27 July 2016

China was the main destination for exports from Angola, mainly oil, in the first quarter of 2016, according to Angolan Finance Ministry figures.

In the first three months of the year, Angolan exports to China totalled US$1.16 billion, or a decrease of 50% over the amount recorded in the same period of 2015.

China was also the second largest supplier of Angola in the same period. The value of imported products reached US$418 million, an annual contraction of 47%.

From January to March Angolan imports totalled US$2.963 billion, an annual reduction of 41% and exports reached US$2.741 billion, 51% less year on year.

In the first quarter of the year the United States was Angola’s main supplier, overtaking China and pushing Portugal into third place, according to Portuguese news agency Lusa.

In the period US companies exported goods and services to Angola worth US$485 million, mainly turbojets, turbopropellers and other gas turbines purchased by state power production company Prodel. (macauhub/AO/CN/PT)