Portugal leads sales to Angola in the second quarter of the year

23 October 2017

Portugal was the country that sold the most to Angola in the second quarter of the year, increasing trade by 47% compared to the same period of 2016, according to Chinese state news agency Xinhua.

During the second quarter of the year Portugal reached a 17.3% share of total Angolan imports (14.89% for the whole of 2016), equivalent to 90.175 billion kwanzas (US$544 million).

China came in right behind Portugal with exports to Angola increasing by 51% compared to 2016 representing a share of 15.7%, or the equivalent of 81.744 billion kwanzas (US$494 million).

Xinhua, which cites the National Statistics Institute (INE) of Angola, said China remained the main destination for Angola’s exports in the second quarter of the year.

Between April and June, exports to China, mainly oil, accounted for 52.6% of total Angolan exports (US$ 4.2 billion) and a value increase of 62.9% compared to Chinese imports in the same period of 2016.

India is the second largest importer of goods from Angola with a share of 8.8%. (macauhub)