Angola

Angola

Global Trade Profile β€’ Rank #61 Exporter

$44.27B

Total Exports (2023)

$16.75B

Total Imports (2023)

$27.52B

Trade Surplus

#61

Export Ranking

Trade Flow Visualization

Interactive map showing Angola's top trading partners. Green lines represent exports, red lines represent imports.

#61

Export Rank

$44.27B

Total Exports

$16.75B

Total Imports

+$27.52B

Trade Balance

23

Trade Partners

🌍 Top Export Destinations

Top Export Products

#1Oils: petroleum oils and oils obtained from bitumi...
74.7%$33.08B
#2Diamonds: non-industrial, unworked or simply sawn,...
7.4%$3.27B
#3Petroleum gases and other gaseous hydrocarbons: li...
5.3%$2.35B
#4Diamonds: industrial, unworked or simply sawn, cle...
3.6%$1.58B
#5Vessels: n.e.c. in heading no. 8901, for the trans...
3.1%$1.38B
#6Petroleum oils and oils from bituminous minerals, ...
0.9%$404.34M
#7Floating or submersible drilling or production pla...
0.8%$348.05M
#8Petroleum gases and other gaseous hydrocarbons: li...
0.7%$330.33M
#9Vessels: other, including lifeboats other than row...
0.4%$175.68M
#10Diamonds: non-industrial, (other than unworked or ...
0.3%$147.70M

πŸ“₯ Top Import Sources

Top Import Products

#1Petroleum oils and oils from bituminous minerals, ...
18.8%$3.14B
#2Cereals: wheat and meslin, durum wheat, other than...
2.3%$382.86M
#3Floating or submersible drilling or production pla...
1.8%$302.78M
#4Cereals: wheat and meslin, other than durum wheat,...
1.4%$228.12M
#5Meat and edible offal: of fowls of the species Gal...
1.2%$207.03M
#6Cereals: rice, semi-milled or wholly milled, wheth...
1.2%$197.09M
#7Footwear: n.e.c. in heading no. 6402, (other than ...
1.1%$180.90M
#8Unused postage, revenue or similar stamps of curre...
1.0%$174.07M
#9Taps, cocks, valves and similar appliances: for pi...
0.9%$147.55M
#10Vegetable oils: palm oil and its fractions, other ...
0.8%$138.09M

πŸ“ˆ Historical Trade Trends (1995-2023)

29 Years

Data Coverage

29

Data Points

πŸ“ˆ

Trend Direction

Angola Trade Analysis 2023

πŸ“Š Overview

#61
Global Export Rank
61.02B
Total Trade Volume
0.31%
Share of Global Trade

Angola stands as the world's #61 largest exporter and #95 largest importer, demonstrating emerging market dynamics.

The trade profile reveals a robust surplus of 27.52 billion, indicating strong export competitiveness.

βœ“
Strong trade surplus exceeding 62.2% of exports provides currency stability and foreign reserve accumulation.
44.27B
Total Exports
16.75B
Total Imports
2.64
Export/Import Ratio

The country maintains active trading relationships with 20 major partners, creating a highly diversified trade network.

Monthly trade flows average $5.09B, generating continuous economic activity across logistics, finance, and trade services.

🚒 Export Markets

China
India
Spain
United Arab Emirates
Netherlands
Others

Export Market Concentration

41.4%
$18.35B
8.5%$3.75B
6.3%$2.79B
5.2%$2.28B
4.1%$1.82B
2.9%$1.29B
13 others
21.3%$9.43B

Export concentration shows China as the dominant market at 41.4%. The top three markets control 56.2% of exports.

⚠️

Market Concentration Risk

Heavy reliance on China (41.4% of exports) creates vulnerability to bilateral tensions or economic downturns in that market.
67.5%
Top 5 Markets
82.4%
Top 10 Markets
20
Total Partners

Regional patterns reveal globally balanced access. Secondary markets (France, USA, Congo) provide $6.59B in additional trade.

πŸ“¦ Import Sources

Import Source Concentration

21.1%
$3.54B
9.6%$1.61B
5.2%$873.96M
5.1%$856.24M
4.7%$784.35M
4.0%$664.80M
13 others
29.6%$4.96B

Angola relies heavily on China for imports (21.1%),creating supply chain concentration risk.

Energy suppliers including United Arab Emirates (1.11B) collectively provide 1.11 billion or 6.6% of imports, highlighting the economy's dependence on imported energy resources.

Manufacturing inputs come primarily from China, Rep. of Korea, Indonesia, Malaysia, reflecting deep integration into Asian production networks. China's dominant position at 3.54 billion encompasses electronics components, textiles, machinery parts, and consumer goods, creating both efficiency benefits and concentration risks.

The USA provides 784.35 million (4.7%) in imports, concentrated in agricultural products, aircraft, pharmaceuticals, and advanced technology.The top 10 import sources account for 66.7% of total imports, with the remaining 33% distributed among 10 other suppliers.

Regional sourcing patterns reveal strong ASEAN integration with 3 Southeast Asian nations providing 639.62 million (3.8%) of imports. European suppliers including Italy (593.71M), Netherlands (440.33M), France (427.05M) focus on luxury goods, machinery, and specialized chemicals.

Supply chain resilience strategies increasingly emphasize "China Plus One" approaches, with Indiaemerging as alternative manufacturing bases. The geographic proximity of major suppliers balances efficiency with risk diversification.

πŸ“¦ Product Composition

πŸš€ Export Products

Top Export Products

petroleum oils and oils obtained from bituminous m...
74.7%
$33.08B
non-industrial, unworked or simply sawn, cleaved o...
7.4%$3.27B
liquefied, natural gas...
5.3%$2.35B
industrial, unworked or simply sawn, cleaved or br...
3.6%$1.58B
n.e.c. in heading no. 8901, for the transport of g...
3.1%$1.38B
3 others
2.4%$1.08B

Angola's export economy centers on diversified industrial production, with the leading export being petroleum oils and oils obtained from bituminous minerals, crudeat $33.08 billion, accounting for 74.7% of total exports.

Electronics, semiconductors, and machinery contribute 32.56 million or 0.1% of exports.

The automotive sector's dominance is evident in the export portfolio, with . This automotive specialization reflects decades of manufacturing excellence, continuous innovation in fuel efficiency and hybrid technology, and established global brand recognition.

The transition to electric and hybrid vehicles is captured in export data, with 0 categories specifically related to alternative propulsion systems, totaling $0.

Beyond automotive, Angola maintains strong positions in industrial machinery (1 categories totaling 32.56M),, and Oils, Diamonds, Petroleum gases and other gaseous hydrocarbons.

The top 20 export products collectively account for 98.3% of total exports, revealing moderate concentration with room for further diversification.

πŸ›’ Import Products

Top Import Products

preparations n.e.c. containing by weight 70% or mo...
18.8%
$3.14B
wheat and meslin, durum wheat, other than seed...
2.3%$382.86M
Floating or submersible drilling or production pla...
1.8%$302.78M
wheat and meslin, other than durum wheat, other th...
1.4%$228.12M
of fowls of the species Gallus domesticus, cuts an...
1.2%$207.03M
3 others
3.3%$552.05M

Energy dominates Angola's import profile, with fossil fuels accounting for 3.14 billion or 18.8% of total imports. Crude oil leads at 3.14 billion (18.8%), followed by natural gas and coal. This energy import dependency shapes economic policy, inflation dynamics, and strategic relationships with supplier nations.

πŸ”‘

Key Finding: Energy Dependency

Energy imports of $3.14B account for 18.8% of all imports, making Angola vulnerable to global energy price fluctuations and supply disruptions.

Beyond energy, critical imports include wheat and meslin, durum wheat, other tha... (382.86M, 2.3%), Floating or submersible drilling or prod... (302.78M, 1.8%), wheat and meslin, other than durum wheat... (228.12M, 1.4%), of fowls of the species Gallus domesticu... (207.03M, 1.2%), rice, semi-milled or wholly milled, whet... (197.09M, 1.2%).Electronic components and devices total 97.02 million (0.6% of imports), supporting domestic manufacturing and assembly operations. Pharmaceutical products represent 134.24 million (0.8%), reflecting healthcare sector demands.

The import product mix reveals structural characteristics of Angola's economy: integration into global electronics supply chains, food security dependencies, and sophisticated consumption patterns.

The ratio of raw materials to finished goods in imports (7 : 13among top 20 products) indicates balanced import composition. Import substitution potential exists in agriculture and technology sectors through targeted industrial policies and investment.

Product diversification metrics reveal focused product specializationwith implications for economic resilience and growth potential. The technology ladder progression from 9 primary products to 7 high-tech goods indicates the economy's structural transformation and industrial upgrading trajectory.

Value addition opportunities exist in transitioning from raw material exports to processed goods, from components to finished products, and from standard to customized offerings. The product space connectivity, measuring relatedness between current exports and potential new products, suggests need for capability building to enter new product categories.

βš–οΈ Trade Balance Dynamics

+27.52 billion
Trade Surplus β€’ 45.10% of total trade
PartnerExportsImportsBalance
China$18.35B$3.54B+$14.81B
India$3.75B$873.96M+$2.87B
United Arab Emirates$2.73B$1.11B+$1.62B
Spain$2.79B$194.81M+$2.60B
Netherlands$2.28B$440.33M+$1.84B

Export-to-import ratio of 2.643 means exports cover 264.3% of import costs.

πŸ”— Key Relationships

Major Trading Partners

PartnerExportsImportsBalance
China$18.35B$3.54B+$14.81B
India$3.75B$873.96M+$2.87B
United Arab Emirates$2.73B$1.11B+$1.62B
Spain$2.79B$194.81M+$2.60B
Netherlands$2.28B$440.33M+$1.84B
France$1.82B$427.05M+$1.39B
USA$1.29B$784.35M+$507.28M
Portugal$301.85M$1.61B$-1.30B
Total$33.31B$8.98B+$24.34B

The Angola-China relationship leads at 21.89 billion in bilateral trade.View detailed analysis β†’

Additional major partnerships include United Arab Emirates (3.85B total trade), Spain (2.99B total trade), Netherlands (2.72B total trade). Regional integration through Asian supply chains facilitates technology transfer, market access, and production efficiency. The diversity of trading relationshipsβ€”45.24B across top 10 partnersβ€”provides resilience against bilateral tensions and regional disruptions.

πŸ† Competitive Position

Global rankings position Angola as the #61 exporter worldwide,in the developing trader category. The country's share of global exports at approximately 0.443%offers opportunities for market share expansion.

Export sophistication, measured by the dominance of primary commodities, indicates potential for value chain upgrading. The revealed comparative advantage (RCA) index shows strongest competitiveness in sectors where Angola's global market share exceeds its overall trade share by factors of 2 or more.

Competitive advantages emerge in sectors where export concentration exceeds import share, particularly inpetroleum oils and oils o, non-industrial, unworked , liquefied, natural gas. The revealed comparative advantage is strongest in product categories representing87.4% of exports. Market positioning against regional competitors shows niche specialization opportunities.

Trade complementarity with major partners suggests deep integration into global supply chains. The export quality ladder, comparing unit values to world averages, indicates competitive pricing strategies.

Competitive dynamics are shaped by factor endowments including cost advantages and resource availability, infrastructure quality, and business environment. The export survival rate, measuring the persistence of export relationships over time, suggests need for relationship strengthening.

Innovation capacity, reflected in the technology content of exports and R&D intensity, determines long-term competitiveness trajectories. The competitive threat from emerging exporters in similar product categories requires continuous upgrading and differentiation strategies to maintain market position. Regional integration through trade agreements provides preferential access to0 markets, creating competitive advantages over non-member competitors.

🎯 Strategic Outlook

ℹ️

Strategic Priority

Market diversification is critical to reduce dependency on China, which accounts for 41.4% of exports.

The trade profile presents both opportunities and challenges for economic development strategy. Key strengths include consistent trade surpluses supporting macroeconomic stability,diversified market access reducing concentration risk, and competitive positions in essential commodities.

Vulnerabilities include excessive reliance on single export markets. The intersection of these factors creates a complex strategic landscape requiring careful navigation to maximize opportunities while mitigating risks.

Strategic priorities should focus on market diversification and value chain upgrading to enhance trade competitiveness. Opportunities exist in expanding trade with Italy, Thailand, Malaysia, developing new product capabilities in higher technology sectors, and strengthening regional integration through new partnership frameworks.

The digital transformation of trade, including e-commerce, digital services, and blockchain-based trade finance, offers new avenues for market access and efficiency gains. Green trade opportunities in renewable energy, sustainable products, and carbon markets represent growing segments aligned with global sustainability goals.

The evolving global trade environment, characterized by technological disruption, geopolitical realignment, and sustainability imperatives, will fundamentally reshape Angola's trade prospects. Success requires balanced policies addressing both maintaining export competitiveness while managing currency appreciation pressures.

Investment in infrastructure, education, and innovation ecosystems will determine the ability to climb value chains and capture larger shares of global value addition. The resilience agenda, emphasizing supply chain robustness, strategic autonomy in critical sectors, and economic security considerations, must be balanced with efficiency and openness principles.

As global trade patterns continue evolving, Angola's position as the world's #61 exporter provides a platform for continued growth, requiring adaptive strategies, institutional strengthening, and sustained commitment to competitiveness enhancement in an increasingly complex and interconnected global economy.

Data Notes

Data from CEPII BACI database, harmonized using UN Comtrade methodology. All values in current USD at 2023 exchange rates. Trade statistics cover merchandise goods only, excluding services. Mirror statistics reconciliation applied for data consistency. 2024 data available January 2026. HS6 product classification follows 2017 revision.

Data source: CEPII BACI | Last updated: January 2025 | Next update: January 2026