2023
Exports
$356MWorld Rnk 80 / 214
Flag Rnk 6 / 940
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$3.38BWorld Rnk 63 / 226
Flag Rnk 1 / 1186
2023
ECONOMIC COMPLEXITY of Angola
-1.23Rnk 120 / 132

About

Exports In 2023, Angola exported $356M in Refined Petroleum, making it the 80th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 6th most exported product in Angola. The main destination of Refined Petroleum exports from Angola are: Togo ($133M), Brazil ($73.6M), United States ($65.8M), Indonesia ($58.2M), and Singapore ($14.7M).

The fastest growing export markets for Refined Petroleum of Angola between 2022 and 2023 were Togo ($104M), Indonesia ($58.2M), and Liberia ($3.35M).

Imports In 2023, Angola imported $3.38B in Refined Petroleum, becoming the 63rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Angola. Angola imports Refined Petroleum primarily from: Togo ($851M), South Korea ($538M), United Arab Emirates ($495M), India ($407M), and Netherlands ($243M).

The fastest growing import markets in Refined Petroleum for Angola between 2022 and 2023 were Togo ($733M), United Arab Emirates ($420M), and United Kingdom ($187M).

Latest Trends

Dec 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 Refined 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 (2023)$356M
IMPORTS (2023)$3.38B
NET TRADE (2023)-$3.03B

In 2023, Angola exported $356M in Refined Petroleum. The main destinations of Angola exports on Refined Petroleum were Togo ($133M), Brazil ($73.6M), United States ($65.8M), Indonesia ($58.2M), and Singapore ($14.7M).

In 2023, Angola imported $3.38B in Refined Petroleum, mainly from Togo ($851M), South Korea ($538M), United Arab Emirates ($495M), India ($407M), and Netherlands ($243M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Angola WERE (2022 - 2023):
Togo$104M (358%)
Indonesia$58.2M (1%)
Liberia$3.35M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Angola WERE (2022 - 2023):
Brazil-$193M (-72.4%)
United States-$57.6M (-46.7%)
South Africa-$41.5M (-98.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Angola's main exporting competitors in Refined Petroleum were:
In 2023, Angola's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $179M
TOP IMPORT POTENTIALUnited Arab Emirates+ $29.3M

Refined Petroleum’s highest export potential is United States. With an export gap of $179M.   Refined Petroleum’s highest import potential is United Arab Emirates with an import gap of $29.3M.

See methodology.

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