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Welcome to U.S Commercial Service – Angola

Angola is the third-largest economy in Sub-Saharan Africa, following South Africa and Nigeria, with a GDP of $102 billion. As an upper middle-income country with GDP per capita of $4,100 Angola receives limited international donor aid. It is a young country, having achieved its independence from Portugal in 1975 followed by a civil war that ended in 2002. The country’s next elections are scheduled for the third quarter of 2017. A first time national census conducted in 2014 determined a population of 25 million inhabitants.

Angola depends largely on the off-shore petroleum industry for 50 percent of GDP and 75 percent of government revenues. As such, the country has faced an economic downturn during 2015 and 2016 due to the decline in oil prices. A recovery is projected by the IMF starting in 2017. Major international oil production companies active in Angola include: Chevron, Exxon Mobil, BP, and Total. U.S. exports to Angola concentrate in the oil and gas sector. Given the country’s focus on diversifying its economy and building domestic production capacity, medium-term potential exists for U.S. companies in the areas of agriculture, industry, energy, water and transportation.

Angola imports most of the products consumed in the country at a level of approximately $17.2 billion from suppliers worldwide in 2015. This represents an estimated 40 percent decline from 2014 as a result of the country’s economic downturn and resulting shortage of foreign exchange. Leading countries supplying exports to Angola in 2014 were Portugal (15.3 percent), Singapore (14.4 percent), China (12.2 percent), US (6.8 percent), Belgium (6 percent), UAE (5.6 percent), Brazil (4.4 percent) UK (4 percent), and South Africa (3.6 percent).

U.S. exports to Angola of $1.09 billion in 2015 were at a reduced level directly tracking Angola’s overall import decline. Angola ranks as the fourth largest market in Sub-Saharan Africa for US exports behind South Africa, Nigeria and Ethiopia. U.S. exports to Angola are dominated by petroleum industry parts and equipment, frozen chicken, aircraft, and gas turbines.

Best prospects for U.S. exports to Angola for 2016 include:

  • Agricultural Equipment
  • Energy
  • Health
  • Marine Technologies (Fisheries and Ports)
  • Oil and Gas
  • Transportation (Aviation and Rail)
  • Agricultural Products

Our staff of Commercial Specialists provides U.S. Firms with the full suite of country-specific export promotion services and market access advocacy, while promoting the United States as an investment destination. Services include trade counseling, market intelligence, Angolan trade contacts, vetting of potential local partners, and access to trade promotion opportunities and trade advocacy.




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Angola Map

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