Angola (AGO) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Angola-Portugal Trade: In 2023, Angola exported $314M to Portugal. The main products that Angola exported to Portugal were Crude Petroleum ($251M), Bananas ($9.67M), and Special Purpose Ships ($8.3M). Over the past 5 years the exports of Angola to Portugal have decreased at an annualized rate of 23.2%, from $1.17B in 2018 to $314M in 2023.

In 2023, Angola did not export any services to Portugal.

Portugal-Angola Trade: In 2023, Portugal exported $1.64B to Angola. The main products that Portugal exported to Angola were Packaged Medicaments ($77.3M), Wine ($51.2M), and Iron Structures ($45.3M). Over the past 5 years the exports of Portugal to Angola have decreased at an annualized rate of 4.47%, from $2.06B in 2018 to $1.64B in 2023.

In 2023, Portugal did not export any services to Angola.

Comparison: In 2023, Angola ranked 120 in the Economic Complexity Index (ECI -1.23), and 62 in total exports ($42.6B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Angola exported $314M to Portugal. The main products exported from Angola to Portugal were Crude Petroleum ($251M), Bananas ($9.67M), and Special Purpose Ships ($8.3M). During the last 5 years the exports of Angola to Portugal have decreased at an annualized rate of 23.2%, from $1.17B in 2018 to $314M in 2023.

In 2018, Portugal exported $1.64B to Angola. The main products exported from Portugal to Angola were Packaged Medicaments ($77.3M), Wine ($51.2M), and Iron Structures ($45.3M). During the last 5 years the exports of Portugal to Angola have decreased at an annualized rate of 4.47%, from $2.06B in 2023 to $1.64B in 2018.

Exports from Angola () to Portugal () (2023)

Exports from Portugal () to Angola () (2023)

Latest Data

Trade between Angola () and Portugal ()

Angola Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Angola
Top DestinationChina$17.1B

Portugal
Top DestinationSpain$17.7B

This map shows whether countries import more from Angola or Portugal. Each country is colored based on the difference in imports they receive from Angola and Portugal or the difference in the growth in imports.

In 2023, countries that imported more from Angola than Portugal included China ($17.1B), India ($3.87B), and United Arab Emirates ($2.75B).

In 2023, countries that imported more from Portugal than Angola included Spain ($17.7B), Germany ($8.12B), and France ($9.19B).

Difference in imports from Portugal () and Angola () (2023)

Comparative Advantage Angola - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Angola and Portugal by product, considering products traded by both, Angola and Portugal.

During 2023, Angola had a large net trade with Portugal in the exports of Mineral Products ($258M), Vegetable Products ($13.9M), and Animal Products ($10.7M).

During 2018, Portugal had a large net trade with Angola in the exports of Machines ($573M), Chemical Products ($190M), and Metals ($158M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Angola Portugal+$61.6MCrude Petroleum

Top Product Potential Portugal Angola+$7.39MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Angola and Portugal. This means that a dot/product with the flag of Angola indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Angola.

About

Historical Data

Bilateral Trade by Products

Exports from Angola () to Portugal () (2023)

Exports from Portugal () to Angola () (2023)

Latest Data

Trade between Angola () and Portugal ()

Angola Exports

Portugal Exports

Market Competitiveness

Difference in imports from Portugal () and Angola () (2023)

Comparative Advantage Angola - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Angola () and Portugal () (2023)

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