Angola: Trade Balance Records Surplus of 1.07 Trillion Kwanzas in May

Luanda — Angola's trade balance recorded a surplus of 1.07 trillion kwanzas in May 2026, compared to 986.16 billion kwanzas in the same period of the previous year, driven by the average price of crude oil, the country's main export product.

This information is part of the foreign trade statistics report released Wednesday by the National Institute of Statistics (INE) in Luanda.

The document highlights that, compared to the previous month last year, the trade balance decreased by 48.22%.

It notes that, in May 2026, there was a 21.43% increase in goods exports and a 32.29% increase in goods imports compared to the same period last year; however, compared to the previous month, exports fell by 20.93% while goods imports rose by 22.29%.

INE data indicates that the main destination countries for goods exports during the period under review were China (56.50%), Indonesia (8.58%), India (8.06%), Spain (7.60%), and Italy (4.41%) of the total value.

According to the INE, the main countries of origin for goods imports were Togo (16.65%), China (16.38%), the Netherlands (8.31%), Portugal (7.23%), and Saudi Arabia (6.85%) of the total value.

According to the note available on the INE website, the destination countries showing the largest increases in the value of goods exports in May 2026, compared to the same period last year, were the United States of America (USA), Italy, and Spain.

On the other hand, the countries of origin that recorded the largest increases in the import of goods were Togo, Saudi Arabia, and the Netherlands.

During the period under review, the main product groups for goods exports were oil, fuels, and gas at 92.78% of the total value and pearls, precious stones and metals, and costume jewelry at 3.78%.

Regarding goods imports, the main product groups were oil, fuels, and gas (refined) at 37.60%; machinery and appliances at 17.93%, food products at 8.78%, vehicles and other means of transport at 7.55% and chemical and pharmaceutical products at 7.27% of the total value.

During the same period, the INE indicates that the product group with the largest increase in the value of exports of goods compared to the same period were base metals, other products, machinery and equipment. On the other hand, imports consisted of oil, fuels, and gas (refined), vehicles and other means of transport and food products. HM/CS/MRA/DOJ

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