The oil industry of Angola has solidified its position as a major contributor to the overall economic infrastructure, solidifying its foothold in the international trade market with cost-effective pricing strategies. The growth rate of the agricultural sector due to the several initiatives implemented by the government for evolution of the farming practices has indulged the agricultural sector as a significant contributor to the export economy, countering the annual valuations.

From a staggering export trade valuation of 41.3 billion US dollars in 2020, the export economy of Angola has come a long way, recording an annual export valuation of 58 billion US dollars in 2024. The crucial role played by the export economy in the overall growth rate of the annual revenue generation has boosted the gross domestic product of Angola from 90.3 billion US dollars in 2020 to 120.8 billion US dollars in 2024. Despite the solidified position of oil exports in the export economy of Angola, the government has still implemented severe subsidies and trade agreements for introducing the non-oil sectors in the export services for diversification in the global supplies.

The Top 10 Export Variants of Angola in 2024

Angola, being located in southern Africa, has introduced diversifying services in its overall export to maintain proper stability with the fast-paced changing revolutions of the international trade market. According to the Angola Export Data, the top 10 variants of goods exported from the nation in 2024 are,

1. Crude Petroleum - The annual export value of Crude Petroleum supplied from Angola in 2024 - 13 billion US dollars.

2. Diamonds - The annual export value of Diamonds supplied from Angola in 2024 - 11 billion US dollars.

3. Refined Petroleum - The annual export value of Refined Petroleum supplied from Angola in 2024 - 9 billion US dollars.

4. Coffee - The annual export value of Coffee supplied from Angola in 2024 - 8 billion US dollars.

5. Iron Ore - The annual export value of Iron Ore supplied from Angola in 2024 - 7 billion US dollars.

6. Gas Turbines - The annual export value of Gas Turbines supplied from Angola in 2024 - 6 billion US dollars.

7. Raw Tobacco - The annual export value of Raw Tobacco supplied from Angola in 2024 - 5 billion US dollars.

8. Fruit Juices - The annual export value of Fruit Juices supplied from Angola in 2024 - 4 billion US dollars.

9. Processed Fish - The annual export value of Processed Fish supplied from Angola in 2024 - 3 billion US dollars.

10. Clothing - The annual export value of Clothing supplied from Angola in 2024 - 1.8 billion US dollars.

The Top 10 Export Trade Partners of Angola in 2024

Angola emerging as one of the leading economies of the African continent has solidified its position in the international trade market. The diversifying range of natural resources and the vast mineral fuel reserves, along with the manufacturing units countering the annual valuation, have been building a stable trade relationship with the regions with cost-effective pricing strategies. According to the Angola Trade Data, the top 10 export trade partners of the nation in 2024 are,

1. China - According to the China Import Data, the total valuation of the goods exported from Angola in 2024 - 12 billion US dollars.

Top 5 variants of goods exported

1. Oil and gas
2. Diamonds
3. Coffee
4. Fish products
5. Minerals

2. India - According to the India Import Data, the total valuation of the goods exported from Angola in 2024 - 10 billion US dollars.

Top 5 variants of goods exported

1. Textiles
2. Wood products
3. Golden Sable
4. Cashew nuts
5. Cotton

3. United States - According to the USA Import Data, the total valuation of the goods exported from Angola in 2024 - 8 billion US dollars.

Top 5 variants of goods exported

1. Tobacco
2. Fruits
3. Livestock products
4. Sugar cane
5. Beans

4. Spain - According to the Spain Import Data, the total valuation of the goods exported from Angola in 2024 - 7 billion US dollars.

Top 5 variants of goods exported

1. Honey
2. Essential oils
3. Petroleum Gas
4. Diamonds
5. Gold

5. France - According to the France Import Data, the total valuation of the goods exported from Angola in 2024 - 6 billion US dollars.

Top 5 variants of goods exported

1. Cotton
2. Tobacco
3. Sugar Cane Products
4. Timber Products
5. Fish

6. South Africa - According to the South Africa Import Data, the total valuation of the goods exported from Angola in 2024 - 5 billion US dollars.

Top 5 variants of goods exported

1. Maize
2. Cassava
3. Palm Oil
4. Wood Products
5. Marble and Granite

7. Netherlands - According to the Netherlands Import Data, the total valuation of the goods exported from Angola in 2024 - 4 billion US dollars.

Top 5 variants of goods exported

1. Ethanol
2. Petroleum Gas
3. Soybeans
4. Avocadoes
5. Macadamia Nuts

8. Italy - According to the Italy Import Data, the total valuation of the goods exported from Angola in 2024 - 3 billion US dollars.

Top 5 variants of goods exported

1. Walnuts
2. Peanut Butter
3. Honey
4. Processed Meat
5. Dried Shrimp

9. Belgium - According to the Belgium Import Data, the total valuation of the goods exported from Angola in 2024 - 2 billion US dollars.

Top 5 variants of goods exported

1. Lobsters
2. Chickpeas
3. Coffee Extracts
4. Garlic
5. Turmeric

10. Portugal - According to the Portugal Import Data, the total valuation of the goods exported from Angola in 2024 - 1 billion US dollars.

Top 5 variants of goods exported

1. Cardamom
2. Beer
3. Olive Oil
4. Soybean Oil
5. Leather Goods

FAQ'S

Que. What are the leading variants of goods exported from Angola in 2024?
Ans. The leading variant of goods exported from Angola in 2024 is crude petroleum.

Que. What is the export trade value of Angola in 2024?
Ans. The export trade value of Angola in 2024 is 58 billion US dollars.

Que. Who is the top export trade partner of Angola in 2024?
Ans. The top export trade partner of Angola in 2024 is China.

Que. Where can you get a detailed trade analysis of the export market of Angola in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the export market of Angola in 2024.

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