Angola's major exports encompass a wide range of products and services, with petroleum and petroleum products leading the list in terms of volume and export value. The country's natural resources, including diamonds, iron ore, and timber, play a significant role in its export-driven economy. Additionally, Angola's agricultural sector contributes to its export revenue, with products such as coffee, fish, and tobacco finding markets both domestically and abroad. China consistently stands out as a major trading partner across various export categories, followed by countries like Portugal, the United States, and Brazil.
Petroleum and Petroleum Products
Angola is renowned for its vast oil reserves, making petroleum and petroleum products the country's primary export. With an annual volume of approximately 1.5 million barrels per day, Angola plays a crucial role in the global oil market. Its main trading partners for petroleum and petroleum products include China, the United States, India, and Brazil. In recent years, the export value of petroleum has been estimated at around $30 billion.
Angola holds significant diamond reserves, making it one of the largest producers of the precious gemstone in Africa. Diamonds account for a substantial portion of the country's export revenue. The main trading partners for Angolan diamonds are Belgium, India, the United Arab Emirates, and Israel. The export value of diamonds from Angola reaches several billion dollars annually.
Angola has a long-standing tradition of producing high-quality coffee beans. The country's unique climate and fertile soils contribute to the cultivation of sought-after Arabica and Robusta coffee varieties. The main trading partners for Angolan coffee include Portugal, Italy, Germany, and the United States. The annual export value of coffee from Angola is estimated at around $200 million.
Crude Petroleum Gas
Apart from crude oil, Angola is also a significant exporter of crude petroleum gas. This product is mainly used for power generation and industrial purposes. China, Brazil, and the Netherlands are the primary trading partners for Angolan crude petroleum gas. The export value of this commodity reaches several hundred million dollars annually.
Fish and Seafood
With a vast coastline along the Atlantic Ocean, Angola has abundant fish and seafood resources. These include various species such as tuna, sardines, shrimp, and lobster. The main trading partners for Angolan fish and seafood are Portugal, Spain, Namibia, and China. The export value of fish and seafood products from Angola is estimated at around $100 million.
Angola possesses substantial iron ore reserves, which are increasingly being tapped into for export. Iron ore is a vital ingredient in the production of steel, making it a valuable commodity in the global market. China, Spain, France, and Italy are the primary trading partners for Angolan iron ore. The annual export value of this resource is estimated at several hundred million dollars.
Wood and Wood Products
Angola is rich in forests and has an extensive timber industry. The country exports various wood products such as logs, sawn timber, and veneer sheets. China, Portugal, Belgium, and Spain are the main trading partners for Angolan wood and wood products. The export value of these commodities is estimated at around $100 million.
Tobacco and Tobacco Products
Angola cultivates and exports tobacco, with the industry contributing to the country's economy. The main trading partners for Angolan tobacco and tobacco products include Portugal, Spain, Brazil, and South Africa. The annual export value of tobacco from Angola is estimated at around $50 million.
Angola has a growing construction industry, which fuels the demand for cement. The country exports cement to neighboring countries, contributing to regional infrastructure development. The primary trading partners for Angolan cement are the Democratic Republic of Congo, Namibia, Zambia, and Sao Tome and Principe. The export value of cement from Angola is estimated at several hundred million dollars annually.
Angola's fertile land allows for the cultivation of various agricultural products that contribute to its export sector. These products include maize, bananas, citrus fruits, palm oil, and tobacco. Portugal, China, Spain, and Brazil are among the main trading partners for Angolan agricultural products. The annual export value of these commodities is estimated at around $100 million.