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.

Angola Balance of Trade
Forecast Data Chart
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Angola Trade Last Previous Highest Lowest Unit
Balance of Trade 4021.70 5832.70 42932.00 958.33 USD Million [+]
Current Account 7502.00 -632.90 13853.30 -10272.80 USD Million [+]
Current Account to GDP 7.60 -0.50 22.10 -28.10 percent [+]
Imports 4706.40 3734.00 22659.90 2971.53 USD Million [+]
Exports 8728.20 9566.70 63913.90 5317.98 USD Million [+]
Capital Flows -6233.40 -4151.40 6927.30 -9017.60 USD Million [+]
Crude Oil Production 1328.00 1259.00 2030.00 503.00 BBL/D/1K [+]
Terrorism Index 4.47 0.15 6.35 0.00 [+]
Gold Reserves 19.07 19.10 20.03 8.80 Tonnes [+]
Foreign Direct Investment 7650.00 6208.15 16581.00 105.00 USD Million [+]
External Debt 46981.70 43390.60 46981.70 7594.83 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

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. 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. Angola Balance of Trade - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4021.70 5832.70 42932.00 958.33 2002 - 2019 USD Million Quarterly

Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 1152.71 Aug/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19