Angola recorded a trade surplus of 4086.90 USD Million in the first quarter of 2020.

Balance of Trade in Angola averaged 9705.87 USD Million from 2002 until 2020, 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. Angola Balance of Trade - values, historical data and charts - was last updated on September of 2020. source: National Bank of Angola

Balance of Trade in Angola is expected to be 4400.00 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 4300.00 in 12 months time. In the long-term, the Angola Balance of Trade is projected to trend around 4850.00 USD Million in 2021 and 6400.00 USD Million in 2022, according to our econometric models.

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Angola Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
4086.90 5583.10 42932.00 958.33 2002 - 2020 USD Million Quarterly

Angola Trade Last Previous Highest Lowest Unit
Balance of Trade 4086.90 5583.10 42932.00 958.33 USD Million [+]
Current Account 5137.40 7402.60 13841.20 -10272.80 USD Million [+]
Current Account to GDP 6.10 6.90 22.10 -28.10 percent [+]
Imports 2449.70 3086.30 22659.90 2449.70 USD Million [+]
Exports 6536.60 8669.40 63913.90 5317.98 USD Million [+]
Capital Flows -1296.90 -6879.90 8446.80 -6879.90 USD Million [+]
Crude Oil Production 1266.00 1275.00 2030.00 503.00 BBL/D/1K [+]
Foreign Direct Investment 6245.65 7650.03 16581.02 389.00 USD Million [+]
External Debt 47553.80 46981.70 47553.80 7594.83 USD Million [+]
Terrorism Index 3.78 4.47 6.35 0.00 [+]

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.