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2022
ExportsfalseWorld Rnk 12 / 149
Flag Rnk 1 / 947
2021 - 2022
FASTEST GROWING MARKET $2.19BFrance
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Origin $8.66k United Kingdom
2021 - 2022
FASTEST GROWING ORIGIN $8.66kUnited Kingdom
2022
ECONOMIC COMPLEXITY of Angola-1.55Rnk 126 / 133

About

Exports In 2022, Angola exported $39.4B in Crude Petroleum, making it the 12th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Angola. The main destination of Crude Petroleum exports from Angola are: China ($21.5B), India ($3.59B), France ($2.37B), Netherlands ($1.78B), and Spain ($1.57B).

The fastest growing export markets for Crude Petroleum of Angola between 2021 and 2022 were France ($2.19B), China ($2.08B), and India ($1.76B).

The fastest growing import markets in Crude Petroleum for Angola between 2021 and 2022 were United Kingdom ($8.66k), United States ($3.13k), and Portugal ($2.33k).

Latest Trends

Oct 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 Crude 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)$39.4B

In 2022, Angola exported $39.4B in Crude Petroleum. The main destinations of Angola exports on Crude Petroleum were China ($21.5B), India ($3.59B), France ($2.37B), Netherlands ($1.78B), and Spain ($1.57B).

In N/A, Angola imported N/A in Crude Petroleum, mainly from United Kingdom ($9.92k), United States ($3.3k), Portugal ($2.61k), Namibia ($2.17k), and Spain ($443).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Angola WERE (2021 - 2022):
France$2.19B (1.25k%)
China$2.08B (10.7%)
India$1.76B (96.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Angola WERE (2021 - 2022):
Thailand-$295M (-25%)
Uruguay-$273M (-100%)
Singapore-$194M (-39.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Angola's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Angola's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.87B
TOP IMPORT POTENTIALNigeria+ $1.49k

Crude Petroleum’s highest export potential is India. With an export gap of $1.87B.   Crude Petroleum’s highest import potential is Nigeria with an import gap of $1.49k.

See methodology.

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