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Trade Profile

Foreign Trade in Figures

Angola has considerably liberalized its trade scheme in the last recent years. Before the economic crisis, foreign trade represented a large share of the GDP. The country is a member of SADC (Southern Africa Development Community) and ECCAS (Economy Community of Central African States). Custom duties are relatively low, between 5% to 10%. The import of certain products, such as pharmaceuticals and agricultural products, still requires authorizations from the concerned official ministries. Angola has also adopted the SADC guidelines in the subject of biotechnology, which ban the import of genetically modified crops. 

With the introduction of a new customs code in January 2007, the country has taken a big leap towards the reform of its foreign trade. However, the unjustified delays in customs clearance at the ports still remain a major problem. Currenlty, the authorities are developing infrastructures to improve the economic situation and business climate. The creation of a sovereign investment fund with large ressources at its disposal should enable the country to develop primary industry in order to decrease imports and turn Angola into an international investor. The government is trying to develop the agricultural sector (Angola is the world's fourth largest coffee exporter) in order to reduce imports and increase exports.

In 2013, oil exports provided 95% of export revenues. Angola began exporting liquefied natural gas to the American, European and Japanese markets. The country is also the world's fourth largest exporter of diamonds and it is rich in iron ore and gold. Angola's imports are significant; it imports the majority of manufactured goods. Despite a drop in trading due to the global crisis, Angola has a structural positive trade balance, a trend that should continue for the next following years. The main trading partners of Angola are the United States, China and the European Union.

 
Foreign Trade Indicators 20092010201120122013
Imports of Goods (million USD) 22,66016,66720,19023,71724,500
Exports of Goods (million USD) 40,82850,59566,99674,00068,800
Imports of Goods and Services (Annual % Change) 3-23095
Exports of Goods and Services (Annual % Change) -3343343-1
Foreign Trade (in % of GDP) 11010510810196
Imports of Goods and Services (in % of GDP) 5543434241
Exports of Goods and Services (in % of GDP) 5562655955

Source: WTO - World Trade Organization ; World Bank - Last Available Data.

 
 
 
 

Main Services

0.5 bn USD of services exported in 2011
Travel
83.93%
Other business services
11.10%
Transportation
4.97%
23.6 bn USD of services imported in 2011
Other business services
35.25%
Construction services
24.11%
Transportation
16.30%
Government services
14.55%
Financial services
4.21%
Insurance services
1.90%
Communications services
1.84%
Travel
0.78%
Cultural and recreational services
0.72%
Computer and information services
0.30%
Royalties and license fees
0.03%

Source: Comtrade, Last Available Data

 
 
Useful Resources
Angolan Customs Directorate
National Organization of Intellectual Property
You can contact the Angolan Institute of Industrial Property by Email.
 
 
 

 

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Last Updates: September 2014