Overview In 2020, Angola was the number 80 economy in the world in terms of GDP (current US$), the number 66 in total exports, the number 111 in total imports, the number 154 economy in terms of GDP per capita (current US$) and the number 116 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Angola are Crude Petroleum ($17.7B), Diamonds ($1.4B), Petroleum Gas ($1.31B), Refined Petroleum ($263M), and Granite ($36.6M), exporting mostly to China ($12.7B), India ($1.78B), Thailand ($1.1B), United Arab Emirates ($1.02B), and Spain ($556M).

Imports The top imports of Angola are Refined Petroleum ($288M), Rice ($233M), Valves ($208M), Poultry Meat ($162M), and Palm Oil ($155M), importing mostly from China ($1.75B), Portugal ($996M), United States ($453M), Brazil ($350M), and South Africa ($348M).

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

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The following section uses the most recent trade data from partners of Angola.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Top Export (2020): Crude Petroleum, $17.7B

Top Destination (2020): China, $1.75B

In 2020, Angola exported a total of $20.9B, making it the number 66 exporter in the world. During the last five reported years the exports of Angola have changed by -$16.3B from $37.3B in 2015 to $20.9B in 2020.

The most recent exports are led by Crude Petroleum ($17.7B), Diamonds ($1.4B), Petroleum Gas ($1.31B), Refined Petroleum ($263M), and Granite ($36.6M). The most common destination for the exports of Angola are China ($12.7B), India ($1.78B), Thailand ($1.1B), United Arab Emirates ($1.02B), and Spain ($556M).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

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).

Economic Complexity

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Most Specialized Products by RCA Index

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Angola has a high level of specialization in Crude Petroleum (22.2), Granite (18.1), Diamonds (15.5), Petroleum Gas (4.82), and Bran (4.2). Specialization is measured using RCA, an index that takes the ratio between Angola observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Angola according to the relatedness index, are Gold (0.011), Cocoa Beans (0.011), Sulphur (0.011), Niobium, Tantalum, Vanadium and Zirconium Ore (0.011), and Chromium Ore (0.01). 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 a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Angola. These are products that tend to be co-exported with the products that Angola exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.

Economic Complexity Ranking

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During the last 20 years Angola's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨77th to the 116th⁩ 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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