Angola2021 Economic Complexity : -1.43, Rank 124 of 131
2021 Product Exports | Imports: $35B | $11.2B, 64 of 226 | 107 of 226
2021 Per Capita Product Exports | Imports: $1.03k | $330, 130 of 219 | 193 of 219
2018 Service Exports | Imports : $631M | $10B, 120 of 138 | 61 of 138
Overview In 2021, Angola was the number 68 economy in the world in terms of GDP (current US$), the number 64 in total exports, the number 107 in total imports, the number 139 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.
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.
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.
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).
Fastest Growing Export Markets (2020 - 2021)
Fastest Growing Import Markets (2020 - 2021)
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).
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.
The highest complexity exports of Angola according to the product complexity index (PCI) are Coal Tar Oil (0.087), Iron Ingots (-0.77), Quartz (-1.01), Asphalt Mixtures (-1.18), and Diamonds (-1.35). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
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.
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.
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.
During the last 20 years Angola's economy has become relatively less complex, moving from the 76th 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.
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