Overview In 2019 Angola was the number 65 economy in the world in terms of GDP (current US$), the number 63 in total exports, the number 107 in total imports, the number 133 economy in terms of GDP per capita (current US$) and the number 136 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Angola are Crude Petroleum ($28.5B), Diamonds ($1.78B), Petroleum Gas ($1.7B), Refined Petroleum ($375M), and Passenger and Cargo Ships ($120M), exporting mostly to China ($20.5B), India ($3.37B), United Arab Emirates ($1.29B), Portugal ($1.07B), and Spain ($957M).

Imports The top imports of Angola are Refined Petroleum ($596M), Scrap Vessels ($566M), Poultry Meat ($262M), Rice ($193M), and Palm Oil ($162M), importing mostly from China ($2.06B), Portugal ($1.39B), Nigeria ($566M), Belgium ($551M), and United States ($513M).

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

Historical Data

#permalink to section

Yearly Exports

#permalink to section
Value
Compare to
Depth

Top Export (2019): Crude Petroleum, $28.5B

Top Destination (2019): China, $20.5B

In 2019, Angola exported a total of $32.9B, making it the number 63 exporter in the world. During the last five reported years the exports of Angola have changed by -$29.5B from $62.3B in 2014 to $32.9B in 2019.

The most recent exports are led by Crude Petroleum ($28.5B), Diamonds ($1.78B), Petroleum Gas ($1.7B), Refined Petroleum ($375M), and Passenger and Cargo Ships ($120M). The most common destination for the exports of Angola are China ($20.5B), India ($3.37B), United Arab Emirates ($1.29B), Portugal ($1.07B), and Spain ($957M).

Explore Visualizations

Yearly Imports

#permalink to section
Value
Compare to
Depth

Top Import (2019): Refined Petroleum, $596M

Top Origin (2019): China, $2.06B

In 2019 Angola imported $9.52B, making it the number 107 trade destination in the world. During the last five reported years the imports of Angola changed by -$19.8B from $29.3B in 2014 to $9.52B in 2019.

The most recent imports of Angola are led by Refined Petroleum ($596M), Scrap Vessels ($566M), Poultry Meat ($262M), Rice ($193M), and Palm Oil ($162M). The most common import partners for Angola are China ($2.06B), Portugal ($1.39B), Nigeria ($566M), Belgium ($551M), and United States ($513M).

Explore Visualizations

Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

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).

Tariffs by Product

#permalink to section

The top product import tariffs by their MFN Ad Valorem value for Angola are Ice, snow and potable water not sweetened or flavoure (70%) and Mineral and aerated waters not sweetened or flavoured (70%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

*The tariffs applied to imports for Angola are:
136: Most Favoured Nation duty rate treatement

Economic Complexity

#permalink to section

Most Specialized Products by RCA Index

#permalink to section

Angola has a high level of specialization in Crude Petroleum (15.9), Diamonds (9.47), Granite (9.12), Boat Propellers (4.17), and Bran (3.29). 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

#permalink to section

The highest complexity exports of Angola according to the product complexity index (PCI) are Machinery parts, without electric features, nes (0.9), Diamonds, not mounted or set (-1.2), Granite, porphyry, basalt, sandstone, etc. (-1.52), Bran, sharps etc, from working of cereals or legumes (-1.85), and Petroleum gases and other gaseous hydrocarbons (-2.15). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities for Angola according to the relatedness index, are Scrap Vessels (0.011), Niobium, Tantalum, Vanadium and Zirconium Ore (0.011), Gold (0.011), Tin Ores (0.011), and Uranium and Thorium Ore (0.011). 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 it is currently specialized in.

Relatedness Space

#permalink to section

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

#permalink to section
Filter
Depth

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

Economic Complexity Ranking

#permalink to section
Scale

During the last 20 years Angola's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨96th to the 136th⁩ 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