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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.

U.S.-Angola Trade Facts

Angola is currently our 69th largest goods trading partner with $3.4 billion in total (two way) goods trade during 2017. Goods exports totaled $809 million; goods imports totaled $2.6 billion. The U.S. goods trade deficit with Angola was $1.8 billion in 2017.

According to the Department of Commerce, U.S. exports of goods to Angola supported an estimated 7 thousand jobs in 2015 (latest data available).

Exports

  • Angola was the United States' 84th largest goods export market in 2017.

  • U.S. goods exports to Angola in 2017 were $809 million, down 35.2% ($440 million) from 2016 and down 34.8% from 2007. 

  • The top export categories (2-digit HS) in 2017 were: railway vehicles/equipment ($216 million), meat (poultry) ($160 million), machinery ($150 million), electrical machinery ($82 million), and aircraft ($62 million). 

  • U.S. total exports of agricultural products to Angola totaled $169 million in 2017. Leading domestic export categories include: poultry meat & prods. (ex. eggs) ($156 million), wheat ($5 million), beef & beef products ($4 million), prepared food ($3 million), and pork & pork products ($374 thousand).

Imports

  • Angola was the United States' 63rd largest supplier of goods imports in 2017.
  • U.S. goods imports from Angola totaled $2.6 billion in 2017, down 8.8% ($252 million) from 2016, and down 79.2% from 2007. 
  • The top import categories (2-digit HS) in 2017 were: mineral fuels ($2.5 billion), precious metal and stone (diamonds) ($136 million), special other (returns) ($5 million), railway vehicles/equipment ($154 thousand), and furniture and bedding ($73 thousand).
  • There were no agricultural products imported from Angola in 2017.

Trade Balance

  • The U.S. goods trade deficit with Angola was $1.8 billion in 2017, a 11.7% increase ($188 million) over 2016.

Investment

  • U.S. foreign direct investment (FDI) in Angola (stock) was $780 million in 2017, a 20.7% increase from 2016. There is no information on the distribution of U.S. FDI in Angola.
  • Angola's FDI in the United States (stock) was $226 million in 2017, down 3.8% from 2016. There is no information on the distribution of Angola FDI in the U.S.

NOTE: No services trade data with Angola are available.