Angola's trade surplus narrowed to USD 4,933 million in the third quarter of 2019 from USD 7,073.6 million in the same period a year ago. Exports slipped 24.6 percent from a year earlier to USD 8,140.9 million, dragged down by lower shipments of oil (-25.5 percent) while diamonds sales rose 13.3 percent. Meantime, imports fell 13.8 percent to USD 3,207.9 million, amid reduced acquisitions of consumption goods (-9.2 percent); intermediate goods (-24 percent) and capital goods (-19.5 percent). Angola Balance of Trade - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Balance of Trade in Angola averaged 9924.08 USD Million from 2002 until 2019, reaching an all time high of 42932 USD Million in the fourth quarter of 2008 and a record low of 958.33 USD Million in the first quarter of 2015. This page provides the latest reported value for - Angola Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: National Bank of Angola

Balance of Trade in Angola is expected to be 2200.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Angola to stand at 4500.00 in 12 months time. In the long-term, the Angola Balance of Trade is projected to trend around 5600.00 USD Million in 2021 and 5800.00 USD Million in 2022, according to our econometric models.

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Angola Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
4933.00 5920.10 42932.00 958.33 2002 - 2019 USD Million Quarterly

Angola Balance of Trade
Angola exports mostly crude oil (more than 90% of total exports) and small quantities of diamonds, coffee, sisal and fish. Angola main exports partners are China (more than 40% of total exports), followed by the United States, India, France, Taiwan, South Africa and Canada. Angola imports machinery and electrical equipment, vehicles and spare parts; medicines, food, textiles and military goods. Portugal is the main supplier of the Angolan economy (18% of total imports) followed by China, United States, Brazil and South Africa.