Angola

ECON COMPLEXITY (2018)

-1.2

RANK 120 OF 137

PRODUCT EXPORTS (2018)

$40.9B

RANK 57 OF 222

EXPORTS PER CAPITA (2018)

$1.33K

RANK 9 OF 219

PRODUCT IMPORTS (2018)

$14.5B

RANK 87 OF 221

IMPORTS PER CAPITA (2018)

$470

RANK 23 of 219

SERVICE EXPORTS (2018)

$631M

RANK 72 OF 88

SERVICE IMPORTS (2018)

$10B

RANK 34 OF 88

GDP (2018)

$106B

CURRENT US$
RANK 61 OF 196

GDP GROWTH (2008-2018)

19.4%

CURRENT US$
RANK 127 OF 196

GDP PC (2018)

$3,432

CURRENT US$
RANK 131 OF 196

GDP PC GROWTH (2008-2018)

-15.9%

Overview: In 2018 Angola was the number 61 economy in the world in terms of GDP (current US$), the number 57 in total exports, the number 87 in total imports, and the number 120 most complex economy according to the Economic Complexity Index (ECI). In 2018, Angola exported $40.9B and imported $14.5B, resulting in a positive trade balance of $26.5B. In 2018, Angola’s exports per capita were $1.33k and its imports per capita were $470.

Trade: The top exports of Angola are Crude Petroleum ($35.5B), Diamonds ($2.49B), Petroleum Gas ($1.65B), Refined Petroleum($514M), and Coal Tar Oil ($146M). The top imports of Angola are Refined Petroleum ($1.84B), Special Purpose Ships ($1.69B), Poultry Meat ($362M), Gas Turbines ($298M), and Rice ($282M).

Destinations: Angola exports mostly to China ($22.5B), India ($3.87B), United Arab Emirates ($2.19B), United States ($1.48B), and Spain($1.25B), and imports mostly from China ($2.26B), Portugal ($1.98B), Singapore ($1.79B), Togo ($894M), and Belgium-Luxembourg ($802M).

Location: Angola borders Democratic Republic of the Congo, Republic of the Congo, and Zambia by land.

Exports

In 2018 Angola exported a total of $40.9B, making it the number 57 exporter in the world. During the last five reported years the exports of Angola have changed by -$20B from $61B in 2013 to $40.9B in 2018.

The most recent exports are led by Crude Petroleum ($35.5B), Diamonds ($2.49B), Petroleum Gas ($1.65B), Refined Petroleum ($514M), and Coal Tar Oil ($146M).

Imports

In 2018 Angola imported $14.5B, making it the number 87 trade destination in the world. During the last five reported years the imports of Angola changed by -$8.68B from $23.2B in 2013 to $14.5B in 2018.

The most recent imports of Angola are led by Refined Petroleum ($1.84B), Special Purpose Ships ($1.69B), Poultry Meat ($362M), Gas Turbines ($298M), and Rice ($282M).

Trade Balance

As of 2018 Angola had a positive trade balance of $19.9B in net exports. As compared to their trade balance in 1995 when they still had a positive trade balance of $1.43B in net exports.

Destinations

The most common destination for the exports of Angola are China ($22.5B), India ($3.87B), United Arab Emirates ($2.19B), United States ($1.48B), and Spain ($1.25B).

Origins

The most common import partners for Angola are China ($2.26B), Portugal ($1.98B), Singapore ($1.79B), Togo ($894M), and Belgium-Luxembourg ($802M).