About

Overview In 2021, Angola was the number 80 economy in the world in terms of GDP (current US$), the number 64 in total exports, the number 107 in total imports, the number 166 economy in terms of GDP per capita (current US$) and the number 124 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Angola are Crude Petroleum ($27.7B), Petroleum Gas ($3.22B), Diamonds ($2.77B), Refined Petroleum ($381M), and Asphalt Mixtures ($181M), exporting mostly to China ($20.4B), India ($2.89B), United Arab Emirates ($1.85B), Thailand ($1.22B), and United States ($1.14B).

In 2021, Angola was the world's biggest exporter of Densified Wood ($49.9M)

Imports The top imports of Angola are Refined Petroleum ($1.31B), Wheat ($384M), Poultry Meat ($241M), Rice ($234M), and Cars ($208M), importing mostly from China ($2.28B), Portugal ($1.19B), Togo ($569M), United States ($483M), and Brazil ($472M).

In 2021, Angola was the world's biggest importer of Eyewear and Clock Glass ($51.3M)

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

Latest Trends

Latest Trade

Flow
View
Y-AXIS SCALE

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

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

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Crude Petroleum$27.7B
Top Destination (2021)China$20.4B

In 2021, Angola exported a total of $35B, making it the number 64 exporter in the world. During the last five reported years the exports of Angola have changed by $3.92B from $31B in 2016 to $35B in 2021.

The most recent exports are led by Crude Petroleum ($27.7B), Petroleum Gas ($3.22B), Diamonds ($2.77B), Refined Petroleum ($381M), and Asphalt Mixtures ($181M). The most common destination for the exports of Angola are China ($20.4B), India ($2.89B), United Arab Emirates ($1.85B), Thailand ($1.22B), and United States ($1.14B).

Explore Visualizations

Exports (2021)
[Click to Select a Product]

Destinations (2021)
[Click to Select a Country]

Market Growth

Flow
View
Fastest Growing Export Markets (2020 - 2021)
China$6.74B (+ 49.4%)
India$1.15B (+ 66%)
United States$692M (+ 154%)
Fastest Growing Import Markets (2020 - 2021)
Togo$480M (+ 536%)
China$474M (+ 26.2%)
Netherlands$299M (+ 184%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

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).

Service Exports (2018)

Service Imports (2018)

Economic Complexity

Most Specialized Products by RCA Index

Angola has a high level of specialization in Densified Wood (58.8), Asphalt Mixtures (31.3), Crude Petroleum (17.5), Granite (16.8), and Diamonds (14.6). 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

Export Opportunities by Relatedness

The top export opportunities for Angola according to the relatedness index, were Uranium and Thorium Ore (0.024), Sulphur (0.023), Tin Ores (0.022), Aluminium Ore (0.022), and Gold (0.022). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Angola is not specialized in.

Product Space

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

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

Filter
Depth

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

Methodology
Scale

During the last 20 years Angola's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨101st to the 124th⁩ 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.

Explore Rankings

ECI (Trade) Ranking by Country

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with