2022
Exports
$837MWorld Rnk 68 / 214
Flag Rnk 4 / 947
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$2.16BWorld Rnk 84 / 225
Flag Rnk 1 / 1190
2022
ECONOMIC COMPLEXITY of Angola
-1.55Rnk 126 / 133

About

Exports In 2022, Angola exported $837M in Refined Petroleum, making it the 68th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most exported product in Angola. The main destination of Refined Petroleum exports from Angola are: United States ($407M), Brazil ($238M), South Africa ($42.1M), Togo ($29M), and Singapore ($27.8M).

The fastest growing export markets for Refined Petroleum of Angola between 2021 and 2022 were United States ($392M), Brazil ($123M), and South Africa ($42.1M).

Imports In 2022, Angola imported $2.16B in Refined Petroleum, becoming the 84th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Angola. Angola imports Refined Petroleum primarily from: Netherlands ($1.05B), South Korea ($379M), Belgium ($183M), Chinese Taipei ($121M), and Canada ($108M).

The fastest growing import markets in Refined Petroleum for Angola between 2021 and 2022 were Netherlands ($756M), South Korea ($360M), and Chinese Taipei ($121M).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$837M
IMPORTS (2022)$2.16B
NET TRADE (2022)-$1.32B

In 2022, Angola exported $837M in Refined Petroleum. The main destinations of Angola exports on Refined Petroleum were United States ($407M), Brazil ($238M), South Africa ($42.1M), Togo ($29M), and Singapore ($27.8M).

In 2022, Angola imported $2.16B in Refined Petroleum, mainly from Netherlands ($1.05B), South Korea ($379M), Belgium ($183M), Chinese Taipei ($121M), and Canada ($108M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Angola WERE (2021 - 2022):
United States$392M (2.67k%)
Brazil$123M (108%)
South Africa$42.1M (101k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Angola WERE (2021 - 2022):
Nigeria-$17.9M (-100%)
Togo-$9.27M (-24.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Angola's main exporting competitors in Refined Petroleum were:
In 2022, Angola's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $179M
TOP IMPORT POTENTIALUnited Arab Emirates+ $29.3M

Refined Petroleum’s highest export potential is United States. With an export gap of $179M.   Refined Petroleum’s highest import potential is United Arab Emirates with an import gap of $29.3M.

See methodology.

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