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Angola

Angola flag

AGOA Status: Angola is eligible for AGOA this year.

Trade Agreements: The U.S. and Angola signed a Trade & Investment Framework Agreement (TIFA) in 2009. The first meeting of the United States-Angolan Council on Trade and Investment was held in June 2010 in Luanda. See the press release below for more information.

U.S.-Angola Trade Facts

Angola is currently our 54th largest goods trading partner with $7.8 billion in total (two way) goods trade during 2014. Goods exports totaled $2.0 billion; goods imports totaled $5.7 billion. The U.S. goods trade deficit with Angola was $3.7 billion in 2014.

According to the Department of Commerce, U.S. exports of Goods to Angola supported an estimated 11 thousand jobs in 2014. 

Exports

Angola was the United States' 65th largest goods export market in 2014.

U.S. goods exports to Angola in 2014 were $2.0 billion, up 41.3% ($596 million) from 2013, and up 243% from 2004.

The top export categories (2-digit HS) in 2014 were: machinery ($731 million), meat (poultry) ($278 million), iron and steel products ($247 million), aircraft ($216 million), and electrical machinery ($107 million).

U.S. exports of agricultural products to Angola totaled $298 million in 2014. Leading categories include: poultry meat & prods. (ex. eggs) ($263 million), beef & beef products ($15 million), pulses ($11 million), prepared food ($4 million), and other intermediate products ($3 million).

Imports

Angola was the United States' 43rd largest supplier of goods imports in 2014.

U.S. goods imports from Angola totaled $5.7 billion in 2014, down 34.6% ($3.0 billion) from 2013, and up 26.5% from 2004.

The five largest import categories in 2014 were: mineral fuel and oil (crude oil) ($5.7 billion), precious metal and stone (diamonds) ($6 million), wood and wood products ($4 million), special other (returns) ($4 million), and railway vehicles/equipment ($270 thousand).

There were no agricultural products imported from Angola in 2014.

Trade Balance

The U.S. goods trade deficit with Angola was $3.7 billion in 2014, a 49.6% decrease ($3.6 billion) over 2013.

Investment

U.S. foreign direct investment (FDI) in Angola (stock) was $1.9 billion in 2014, a 56.2% increase from 2013.

There is no information on the distribution of U.S. FDI in Angola.

Angola's FDI in the United States (stock) was $75 million in 2014, down 48.6% from 2013.

The distribution of Angola’s FDI in the United States is not available.


*NOTE: No services trade data with Angola is available.