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Home Africa

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

FurtherAfrica by FurtherAfrica
January 17, 2017
in Africa, Agriculture, Angola, Commodities, Economy, Export, Finance, Gas, Import, Industry and Commerce, Natural Resources, Oil, Trade
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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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Tags: AngolachinaExport partnersFranceIndiaINENational Statistics InstituteNorwayPortugalSouth AfricaTaiwanTrade surplusUSアンゴラ安哥拉
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