Flag 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%, CURRENT US$
Rank 178 of 196

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.

Product Exports

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Depth

Top Export (2018): Crude Petroleum, $35.5B

Top Destination (2018): China, $22.5B

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). 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).

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Product Imports

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Value
Depth

Top Import (2018): Refined Petroleum, $1.84B

Top Origin (2018): China, $2.26B

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

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Angola Exports Services (2018): $631M

Angola Imports Services (2018): $10B

In 2018, Angola exported $631M worth of services. The top services exported by Angola in 2018 were Business travel ($452M), Personal travel ($91.8M), Computer and information services ($30.9M), Transportation ($27.9M), and Other business services ($19.9M).

The top services imported by Angola in 2018 were Transportation ($3.32B), Other business services ($2.68B), Construction services ($1.89B), Personal travel ($497M), and Insurance services ($394M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Angola. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Angola are Ice, snow and potable water not sweetened or flavoure (70%) and Mineral and aerated waters not sweetened or flavoured (70%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Angola are:
136: Most Favoured Nation duty rate treatement

Economic Complexity

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Economic Complexity Ranking

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During the last 20 years Angola's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨89th to the 120th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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Most Specialized Products by RCA Index

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Angola has a high level of specialization in Crude Petroleum (14.8), Diamonds (9.66), Granite (6.44), Petroleum Gas (2.48), and Coal Tar Oil (2.25). Specialization is measured using RCA, an index that takes the ratio between Angola observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Angola according to the product complexity index (PCI) are Zinc plates, sheets, strip and foil (-0.042), Coal-tar distillation products including oils (-0.39), Diamonds, not mounted or set (-1.1), Fish, marine mammal fat or oil not chemically modified (-1.31), and Granite, porphyry, basalt, sandstone, etc. (-1.53). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Angola according to the relatedness index, are Cocoa Shells (0.018), Cocoa Beans (0.017), Gold (0.016), Rough Wood (0.016), and Chromium Ore (0.016). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Angola is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.