Angola’s trade surplus increases in the 3rd quarter of 2016

Angola’s trade surplus in the third quarter of 2016 amounted to US$5.451 billion, a figure that compares with US$4.154 billion recorded in the second quarter, reported the National Statistics Institute (INE).

Data released by INE showed that between July and September Angola exported goods worth US$8.468 billion, a 14.5% increase over the amount determined in the previous quarter and imported goods worth US$3.016 billion.

Comparing the third quarter of 2016 with the same three months of 2015, it appears that exports rose 32.5% and imports rose 19.4%.

Between July and September of 2016 Angolan 94% of Angolan exports were were made up of fuel and the main imports were machinery, equipment and apparatus, with 23.7%, agricultural products 10.5%, base metals with 9.8% and chemicals 8.6%.

The main export partners in the third quarter were China with 40%, India with 7.7%, US 6.1%, Taiwan 4.8% and France with 4.2%.

The main partners for imports into Angola were Portugal with 14.8%, the US with 12.6%, China 12.4%, Norway 6.0% and South Africa with 5.8%.

Source: Macauhub

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