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Industry and Trade
Source: Angolan Customs Report 2010
Source: BNA (in US$millions)
Source: Angolan Customs Report 2010
Source : IMF andWorld Bank
an Union’s statistics agency. Main exported products
to Angola are machinery and industrial equipment ,
food, beverages and metals.
EXPORT
While diamonds account for 1,4% of total exports
value, oil accounts for 96,3% and continues to be
by far the biggest export product. The non-oil sector
has expanded by an average of 14% over the past
four years.
With the recovery of oil prices, foreign direct invest-
ment is expected to rise by over 50% in 2011. An-
gola’s crude oil is mainly exported to China, followed
by the US and India.
China was the biggest destination for export, with
over 40% share of the total amounting US$ 22,1 Bn,
mainly in oil. In 2010, Angola was the second largest
supplier of crude oil to China accounting for 17% of
China’s imports.
Main importers share (in %)
Total imports in 2010US$ 52,3 Bn
China
USA
South Africa
Canada
20%
30%
40%
10%
0%
France
Taiwan
India
Crude Petroleum oils or bituminous
Non - indistrial diamonds
Light oils and
Propane
Gas oil for other use
Aircraft gasoline
Butane
Spare parts machinary (drilling)
96,30%
1,40%
0,50%
0,40%
0,30%
0,20%
0,10%
0,10%
50.372
708
247
200
169
91
77
61
Top Exported Goods in value (US$ M) & share (%)
Product
Value Share
Some emerging countries are key investors of capi-
tal, financing specific investment projects of medium
and long-term external public debt, close to one-third
of the total (US$ 15 Bn) is with emerging partners
(outside Africa). The most important partners are
China and Brazil.
INDUSTRY
Agriculture, energy and construction sectors, as well
trade and services should soon become new growth
drivers. In 2012, new oil fields and a large Liquefied
Natural Gas (LNG) plant will increase the country’s
growth potential and its ability to pursue its develop-
ment program.
Industrial development is one of the main challenges
in Angola for the next decade and one of the funda-
mental pillars for the development of the country. New
investments worth US$ 2 Bn have been announced in
2011 by the Ministry of Industry, Geology and Mines to
finance the re-launching of industrial units around the
country.
The industry sector in Angola remains very weak. The
main industries are related to petroleum, diamonds,
food and fish processing, breweries, textile, tobacco,
sugar, construction materials and mining.
Until 1975, Angola was known as an agriculture pro-
ducer, being at that time the fourth largest coffee ex-
porter and one of the largest exporters of staple foods
in Sub-Saharan Africa with an export of 400,000 metric
tons of maize annually. At that time, manufacturing was
dominated by light industries (food processing and con-
sumer goods) that accounted for over 40%.
Goldman Sachs LLC
Ind. & Com. Bank China
Brazil
China Development Bank
China Eximbank
Portugal Cosec (extension)
300
2.500
500
1.500
6.000
500
Foreign Credit Lines 2009 / 2010
Agriculture
Industry
Services
17,9
40,8
41,2
5,7
72,1
22,2
9,1
58,1
25,2
9,6
65,8
24,6
10,2
59,0
30,8
Sector 1990 2000 2004 2008 2009