Angolan Angola exports are increasing from January to July this year with 331.2% – observer



Purchases of goods from Portugal to Angola increased by 331.2%, from 114.5 million euros, from January to July 2017, to more than 494 million euros in the same period this year. According to data from the National Institute for Statistics (INE), prepared by Lusa, the increase in Portuguese purchases of Angolan products is only surpassed in the Portuguese-speaking countries due to the increase in sales of Guinea-Bissau to Portugal, but volume is considerably lower.

In the first seven months of last year, sales of Guinean products increased by 373.2%, from 52.8 million euros to nearly 250 million euros in the first seven months of this year. The strong increase in Angola and also in Guinea-Bissau, although in a smaller volume, contributed to the increase of more than 270% of Portugal's total purchases from Portuguese-speaking African countries (PALOP), which reached nearly 520 million euro in the first seven months of this year.

Exports from Portugal to Angola, in turn, declined slightly and remained close to 875 million euros, making the trade balance largely favorable for Portugal. In total, imports of Portuguese-speaking products increased by 271.8%, from 139.7 million euros, from January to July 2017, to 519.6 million euros in the first seven months of this year.

On the other hand, Portugal's sales to PALOP declined by 13.4% and fell from 1.39 billion to 1.2 billion from January to July this year.


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