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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 46th largest goods trading partner with $10.2 billion in total (two way) goods trade during 2013Goods exports totaled $1.5 billion; Goods imports totaled $8.7 billion.  The U.S. goods trade deficit with Angola was $7.3 billion. 

Exports

Angola was the United States' 71st largest goods export market in 2013.

U.S. goods exports to Angola in 2013 were $1.5 billion, down 2.7% ($40 million) from 2012.

The top export categories (2-digit HS) in 2013 were: Machinery ($533 million), Meat (poultry) ($249 million), Iron and Steel Products ($133 million), Electrical Machinery ($104 million), and Optic and Medical Instruments ($62 million).

U.S. agricultural exports to Angola in 2013 were $271 million. Leading categories include: poultry meat ($236 million) and beef and beef products ($13 million).

Imports

Angola was the United States' 38th largest supplier of goods imports in 2013. 

U.S. goods imports from Angola totaled $8.7 billion in 2013, a 11.0% decrease ($1.1 billion) from 2012.  

The five largest import categories in 2013 were: Mineral Fuel and Oil (crude oil) ($8.7 billion), Precious Stones (diamonds) ($19 million), Special Other (returns) ($5 million), Wood ($1 million), and Rubber ($71 thousand).

There were no agricultural products imported from Angola in 2013.

Trade Balance

The U.S. goods trade deficit with Angola was $7.3 billion in 2013, a 12.5% decrease ($1.0 billion) from 2012. Angola accounted for 1.1% of the overall U.S. goods deficit.

Investment

U.S. foreign direct investment (FDI) in Angola (stock) was $1.2 billion in 2012 (latest data available), down 77.3% from 2011.

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

Angola FDI in the United States (stock) was $143 million in 2012. It was $13 million in 2008.


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

5/8/14

USTR Ron Kirk Announces U.S.-EU Agreement On Longstanding Bananas Dispute

Washington, D.C. - United States Trade Representative Ron Kirk announced today that the United States and the European Union (EU) have initialed an agreement designed to lead to settlement of a longstanding dispute over the EU's bananas trading regime. In the agreement, the EU undertakes not to reintroduce measures that discriminate among bananas distributors based on the ownership or control of the distributor or the source of the bananas, and to maintain a non-discriminatory, tariff-only regime for the importation of bananas. The U.S.-EU agreement complements an agreement (the Geneva Agreement on Trade in Bananas or GATB) also concluded today between the EU and several Latin American banana-supplying countries. That agreement provides for staged EU tariff cuts that will bring the EU into compliance with its obligations under the World Trade Organization (WTO) Agreement.

"The United States has worked closely over the years with Latin American banana-producing countries to ensure that the EU's bananas import regime was consistent with its WTO obligations. It has been a long road, and we still have more to travel before we finally and conclusively settle this dispute. But we believe that we have turned the corner toward that destination and look forward to getting there as soon as possible," said Ambassador Kirk.

The initialing of both agreements today in Geneva starts a process that, when completed, will culminate with the settling of the various banana disputes and claims against the EU in the World Trade Organization. Once the various parties conclude their domestic ratification procedures, the agreements will be signed and then enter into force. Upon entry in force, the EU will need to request formal WTO certification of its new tariffs on bananas. The GATB provides that once the certification process is concluded, the EU and the Latin American signatories to the GATB will settle their disputes and claims. Once that has occurred, the United States will also settle its dispute with the EU.

The U.S.-EU agreement on bananas is on the USTR website at www.ustr.gov/webfm_send/1566.