Angola Overview - Economic Outlook for 2016

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Angola Overview - Economic Outlook for 2016

2016

Until 2012, Angola had enjoyed considerable increases in trade, but over recent years, it has witnessed a fall in these values. Nevertheless, in the period 2010-2014, Angolan export sales developed positively. In terms of ranking, in 2013, the country recorded its best position in both imports and exports – 49th place among exporters and 71st place among importers.

When it comes to the main products exported by Angola, the information made available by the ITC for 2014 reveals the central importance of energy products for the Angolan economy (98.2% of total exports). This leaves the country’s balance of trade very vulnerable to fluctuations in the price of oil in the international markets.

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