Luanda: Angola recorded a trade surplus of 1.16 trillion kwanzas in June, down 38.3% from the previous month, as crude oil export revenues fell, according to data from the National Institute of Statistics (INE).
According to Angola Press News Agency, in June 2026, there was an increase of 18.54% in exports of goods and 43.82% in imports of goods, compared to the same period last year. Compared to the previous month, exports fell by 20.77% and imports of goods increased by 0.55%.
China remained the top destination for Angolan goods, accounting for 39.8% of total exports, followed by India (9.1%), the Netherlands (5.9%), Thailand (5.8%), and Spain (5.7%). Thailand, France, and Malaysia recorded the highest growth among export markets compared to the same period last year.
China was also Angola's primary source of imports, supplying 20.6% of goods, followed by the United States (8.4%), the Marshall Islands (8.0%), the Netherlands (7.3%), and Portugal (7.3%). Imports from Greece, the Netherlands, and the U.S. posted the largest year-on-year increases.
Petroleum, fuels, and gas dominated Angola's exports, representing 95.4% of total value, with common metals accounting for 1.8% and precious stones and metals making up 0.8%. Refined petroleum and fuel products comprised the largest share of imports at 32.1%, followed by machinery and equipment (22.5%), food products (8.8%), and vehicles (8.3%).
