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China pass Portugal as one of Angola’s top suppliers
Release time:2015-06-19
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Portugal is no longer Angola’s number one overseas supplier of goods and services. The country has been surpassed by China and South Korea in the first three months of the year.

According to data from the first quarter, released by Angola’s National Statistics Bureau – and quoted by Portuguese news agency Lusa –, China’s exports to Angola rose more than 134 percent, year-on-year, to 107.6 billion kwanzas (US$978.5 million).

China now has a share of 16.8 percent in the Angolan market, which puts it in the second place among the country’s main suppliers.

In first place was South Korea. Its sales to Angola reached 137.6 billion kwanzas between January and March. Lusa reported that might be a one-off, as previous records show South Korean exports to Angola at a significantly lower level.

Portugal, previously Angola’s top supplier, is now in third place, with a 10.9 percent share in the African country’s market. In the first quarter 2015, Portuguese exports to Angola fell 2.1 percent year-on-year to about 70 billion kwanzas.

Angola’s exports to China registered a 49.7 percent year-on-year fall, in the first quarter. But China remains the primary destination of Angolan products, and especially of Angolan oil. China accounted for 43.9 percent (385.8 billion kwanzas) of Angolan exports in the first quarter.