Situated on the west coast of Southern Africa, Angola is a resource-rich nation that borders Namibia, Zambia, the Democratic Republic of the Congo, and the Atlantic Ocean. Its major city and capital is Luanda. Angola's GDP is expected to reach around USD 93.1 billion by 2024. Global trade data show that Angola is the 64th largest exporter in the world. China is by far the biggest buyer of Angolan commodities. Crude petroleum, Angola's top export, is expected to account for the majority of the country's predicted USD 60.9 billion in total export value in 2024.
As per Angola export data, Angola’s export economy is strongly reliant on natural resources, particularly oil and mineral commodities. Despite economic volatility in recent years, the country has taken significant strides in diversifying its economy and improving trade infrastructure. Angola’s strategic location along the Atlantic and recent improvements in port and transport infrastructure have further strengthened its trade relations, especially with major Asian and European countries.