Luanda, Sept. 1, 2025 (Lusa) - Angola's trade balance shrank to 2.99 trillion kwanzas in the second quarter (around €2.8 billion), reflecting a 17.54% drop in exports and a 19% increase in imports.

According to the foreign trade statistics released by the National Statistics Institute (INE), this drop represents a difference of almost two trillion kwanzas (approximately 1.8 billion euros) compared to the previous year (4.90 billion kwanzas).

"The decrease in the trade balance is the result of the behaviour of the price of crude oil," the document states, Angola's main export product.

Oil accounted for 89. 2% of the country's total exports, followed by precious stones and metals (6%).

In terms of imports, machinery and equipment led the way (28.7%), followed by fuels and minerals (12.2%) and food products (9.7%).

Asia absorbed 68.1% of exports, with China remaining the main destination for Angolan exports (42.54% of the total), followed by India (10.32%), Indonesia (7.37%) and Spain (6.58%).

Asia also leads imports with 42.9% of Angolan purchases, followed by Europe (33.6%).

Angola's biggest suppliers in the second quarter were China (21.34%), Portugal (10.28%), the UK (7.26%) and the US (6.06%).

In Africa, Angola's main customers were the Democratic Republic of the Congo (43.39%) and South Africa (38.49%), which sold the most goods to Angola in Africa in the second quarter, accounting for 37.69% of African imports.

Exports continued to be based on “Fuels and Lubricants” (88.9%), but this category was also the one that fell the most in absolute terms in the period under review.

 As for imports, the most purchased products were industrial supplies (27.9%), capital goods (27.4%) and food and beverages (14.4%).

RCR/ADB // ADB.

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