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.
Angola Trade Summary
U.S. goods exports to Angola in 2023 were $595 million, down 8.8 percent ($58 million) from 2022 and down 59 percent from 2013. U.S. goods imports from Angola totaled $1.2 billion in 2023, down 26.8 percent ($428 million) from 2022, and down 87 percent from 2013. The U.S. goods trade deficit with Angola was $575 million in 2023, a 39.1 percent decrease ($370 million) over 2022.
U.S. foreign direct investment (FDI) in Angola (stock) was $255 million in 2022.
Angola's FDI in the United States (stock) was $92 million in 2022, down 3.2 percent from 2021.
