Angola Balance of Trade

Angola recorded a trade surplus of 9803.47 USD Million in the fourth quarter of 2013. Balance of Trade in Angola is reported by the National Bank of Angola. Balance of Trade in Angola averaged 15191.36 USD Million from 2002 until 2013, reaching an all time high of 42932 USD Million in the fourth quarter of 2008 and a record low of 4028.10 USD Million in the fourth quarter of 2003. Angola exports mostly crude oil (more than 90% of total exports) and small quantities of diamonds, coffee, sisal and fish. Angola main exports partners are China (more than 40% of total exports), followed by the United States, India, France, Taiwan, South Africa and Canada. Angola imports machinery and electrical equipment, vehicles and spare parts; medicines, food, textiles and military goods. Portugal is the main supplier of the Angolan economy (18% of total imports) followed by China, United States, Brazil and South Africa. This page provides - Angola Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
9803.47 11434.93 42932.00 4028.10 8812.61 | 2014/06 2002 - 2013 USD Million Quarterly

TO

Angola Balance of Trade
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP 8.20 2012-12-31 9.60 25.63 -31.30 11.10 2014-06-30 Percent [+]
Balance of Trade 9803.47 2013-12-31 11434.93 42932.00 4028.10 8812.61 2014-06-30 USD Million [+]
Current Account 10456.40 2012-12-31 13084.70 13084.70 -7571.60 10627.69 2014-06-30 USD Million [+]
Crude Oil Production 1760.00 2013-10-15 1770.00 2030.00 503.00 1778.46 2013-11-30 Thousands Barrels per Day [+]
Exports 16032.37 2013-12-31 17316.35 63913.90 8327.90 14416.55 2014-06-30 USD Million [+]
Imports 6228.90 2013-12-31 5881.42 22659.90 3760.10 5876.75 2014-06-30 USD Million [+]
[+]


Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.


RELATED NEWS

Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
Angola Leaves Key Rate on Hold; Changes Lending and Absorption Facility Rates  
At its March 31st, 2014 meeting, central bank of Angola decided to leave the benchmark interest rate on hold at 9.25 percent, but raised the liquidity absorption rate by 25 bps to 1.5 percent and cut the standing lending facility rate by 25 bps to 10 percent.
Angola Inflation Rate Decelerates  
In February of 2014, Angolan annual inflation rate slowed to 7.48 percent, after accelerating in January for the first time in eight months.
Angola Holds Key Rate Steady  
At its February 2014 meeting, central bank of Angola decided to leave the benchmark interest rate on hold at 9.25 percent, while raising the liquidity absorption rate by 50 bps to 1.25 percent. The standing lending facility rate was kept unchanged at 10.25 percent.
Angola Inflation Rate Accelerates in January  
In the first month of 2014, Angola’s annual inflation accelerated for the first time in eight months to 7.84 percent.
National Bank of Angola Leaves Rate Unchanged at 9.25%  
In its January 2014 meeting, the National Bank of Angola decided to leave the benchmark interest rate unchanged at 9.25 percent. It also decided to reduce the required reserve ratio in local currency from 15 percent to 12.5 percent, aiming to increase credit to the economy and reduce the cost of financial intermediation.
Angola Inflation Rate at 7.69% in December  
In December of 2013, Angola inflation rate kept its downward trend and slowed even further to 7.69 percent. On a monthly basis, prices accelerated for the third straight month mainly due to higher food and housing cost.
National Bank of Angola Leaves Monetary Policy Unchanged  
The National Bank of Angola decided on December 23rd to leave the benchmark interest rate unchanged at 9.25 percent, following last month’s cut. The Board kept its recommendation to take the LUIBOR as the benchmark interest rate on bank loans.
Angola Inflation Rate Slows Even Further in November  
In November of 2013, Angola annual inflation rate eased to 7.94 percent, from 8.38 percent in October. A year ago, the inflation rate slightly accelerated to 9.83 percent.
National Bank of Angola Cuts Rate by 50 bps  
The National Bank of Angola decided on November 25th to cut the benchmark interest rate for the second time this year by 50 bps to 9.25 percent, citing falling inflation. The Board kept its recommendation to take the LUIBOR as the benchmark interest rate on bank loans.
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The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
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