Angola: First Quarter Transactions Over Akz 1.0 Trillion

Luanda — Angola's commercial transaction in the first quarter of this year have reached Akz 1.4 trillion (Usd 1,0 is Akz 9,5), on account of the price of crude oil, the country's main export product, Angop learned Tuesday in Luanda.

The information is contained in a note from the National Institute of Statistics (INE).

The source indicates that in the period in respect, the value of Angolan exports rose 23,3 percent as compared with the same period of 2001, while imports hiked by 2,3 percent.

During the period in respect, according to the note, China stood as the country's main trade partner, accounting for 48 percent of total Angola's exports.

India comes next with 10,6 percent, followed by United States with 10,5 percent, Taiwan (6,3) and Canada (4,6), the source also says.

Portugal stands among the countries with the highest exports to Angola with 19,4 percent, followed by China (12,3) and United States (9,2), Brazil (5,9) and South Africa (4,9).

According to the source, in the same period, Angola imported from those markets equipment and appliances covering 23,67 percent. Agricultural products follow with 14,63 percent, while vehicles and other means of transport accounted for 14,28 percent.

The list of goods imported from those markets include common metals and foodstuffs, responding for 2,90 and 9,20 percent respectively.

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