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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 68th largest goods trading partner with $3.4 billion in total (two way) goods trade during 2017. Goods exports totaled $810 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 $810 million, down 35.2% ($441 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) ($158 million), machinery ($154 million), electrical machinery ($82 million), and aircraft ($62 million).

  • U.S. total exports of agricultural products to Angola totaled $167 million in 2017. Leading domestic export categories include: poultry meat & prods. (ex. eggs) ($150 million), wheat ($33 million), beef & beef products ($11 million), prepared food ($6 million), and pork & pork products ($3 million).

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 11.8% increase ($189 million) over 2016.

Investment

  • U.S. foreign direct investment (FDI) in Angola (stock) was $804 million in 2016 (latest data available), a 236.4% increase from 2015.There is no information on the distribution of U.S. FDI in Angola.

  • Angola's FDI in the United States (stock) was $234 million in 2016 (latest data available), up 13.0% from 2015.There is no information on the distribution of Angola FDI in the U.S.

NOTE: No services trade data with Angola are available.