Angola's trade surplus narrowed by 37.1 percent to USD 4,021.7 million in the first quarter of 2019 from USD 6,394.4 million in the same period a year earlier. Imports climbed 44.1 percent to USD 4,706.4 million, on account of capital goods (187.8 percent) and intermediate goods (33.8 percent). Meanwhile, purchases of consumption goods declined (-9 percent). Exports fell 9.6 percent to USD 8,728.2 million, mainly due to crude oil (-10.6 percent) whereas sales of diamonds grew 64.9 percent. Balance of Trade in Angola averaged 10138.25 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.
Balance of Trade in Angola is expected to be 6230.00 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 6040.00 in 12 months time. In the long-term, the Angola Balance of Trade is projected to trend around 7100.00 USD Million in 2020, according to our econometric models.