Navigator
Angola
(information)
Population as of 2020: 33.45 million 42 of 193
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Region: Africa
Nominal G.D.P. in 2024: $80.4 billion 80 of 193
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Top Exports
Total exports: **~$39.2 billion (2024)** **Extremely concentrated economy:** oil, gas, and diamonds alone account for **~90% of exports** | Rank | Export Category | Notes | | ---- | --------------------------------------- | --------------------------------------------------------------------- | | 1 | **Mineral fuels (oil & gas)** | ~85–90%+ of exports; overwhelmingly dominant | | 2 | **Ships & floating structures** | Offshore oil infrastructure exports | | 3 | **Precious stones & metals (diamonds)** | Major non-oil export | | 4 | **Machinery & industrial equipment** | Small but present | | 5 | **Iron & steel** | Limited industrial exports | | 6 | **Aircraft & spacecraft parts** | Minor sector | | 7 | **Optical/medical instruments** | Small industrial niche | | 8 | **Fish & seafood** | Traditional export | | 9 | **Coffee & agricultural products** | Legacy export sector | | 10 | **Rubber & natural fibers (sisal)** | Small agricultural exports | Key individual export products (by value) | Rank | Product | Notes | | ---- | ------------------------------------- | ----------------------------------------------------------- | | 11 | **Crude petroleum** | By far the largest export (~$30B+) | | 12 | **Liquefied natural gas (LNG)** | Major energy export | | 13 | **Refined petroleum products** | Fuel exports | | 14 | **Petroleum gases (propane, butane)** | Key hydrocarbon exports | | 15 | **Diamonds (unmounted)** | #2–3 export overall | | 16 | **Floating oil platforms/ships** | Offshore oil equipment | | 17 | **Iron ore & concentrates** | Small mining export | | 18 | **Fish (frozen & processed)** | Fisheries export | | 19 | **Coffee (green beans)** | Traditional export | | 20 | **Sisal & agricultural fibers** | Minor export sector | Key Takeaways * 🛢️ **Extreme oil dependence:** * Oil alone accounts for **~85–90%+ of export value** * 💎 **Diamonds are #2:** * One of the world’s notable diamond exporters * 🔥 **Gas is important but secondary:** * LNG exports complement crude oil * ⚠️ **Very limited diversification:** * Non-oil exports (fish, coffee, agriculture) are **small** * 🌍 **Classic resource-export economy:** * Similar structure to **Nigeria and Algeria**, but even more concentrated Top Importers of Angola’s Exports (2024) | Rank | Country | Notes | | ---- | ------------------------ | -------------------------------------------- | | 1 | **China** | By far the largest buyer (~50%+); crude oil. | | 2 | **India** | Major oil importer; growing share. | | 3 | **United Arab Emirates** | Oil and diamond trade hub. | | 4 | **Spain** | Crude oil and petroleum products. | | 5 | **Netherlands** | Trade hub; oil and re-exports. | | 6 | **France** | Energy imports (oil). | | 7 | **Portugal** | Historical ties; oil and diamonds. | | 8 | **United Kingdom** | Oil and financial trade links. | | 9 | **South Africa** | Regional trade; fuels and goods. | | 10 | **Italy** | Oil and energy imports. | Key Patterns * 🇨🇳 **China dominates overwhelmingly**: * Takes **~50% or more of Angola’s exports**, mainly crude oil * 🛢️ **Oil drives all trade relationships**: * Nearly every top partner imports **crude petroleum** * 🌏 **Asia is the primary market**: * China and India are the **core demand centers** * 🇪🇺 **Europe still significant**: * Countries like **Spain, Netherlands, France, and Italy** import oil
