Angola’s trade balance recorded a positive surplus of €1.11 billion in June 2026, driven by oil revenues, though the figure represents a 38.3% decline compared with May, when the surplus reached €1.7 billion, according to data published by Angola’s National Statistics Institute (INE).
The June surplus compares with €1.16 billion recorded in the same month of the previous year, according to the INE’s external trade statistical framework for June, cited by the Lusa news agency.
The INE attributed the performance of the trade balance primarily to the average price of crude oil, Angola’s principal export commodity.
In June 2026, goods exports rose 18.54% year-on-year, while imports increased 43.82% over the same period. Compared with May, exports fell 20.77%, while imports edged up 0.55%.
China remained Angola’s primary export destination, absorbing 39.75% of total exports, followed by India (9.06%), the Netherlands (5.89%), Thailand (5.77%), and Spain (5.72%).
On the import side, China again led with a 20.55% share, ahead of the United States (8.39%), the Marshall Islands (7.98%), the Netherlands (7.33%), and Portugal (7.33%).
Petroleum, fuels, and gas continued to dominate Angola’s export basket, accounting for 95.40% of total export value. Base metals followed at 1.83%, with pearls, precious stones, precious metals, and jewellery representing 0.82%.
In terms of imports, refined petroleum, fuels, and gas accounted for the largest share at 32.08%, followed by machinery and equipment (22.54%), foodstuffs (8.77%), vehicles and other transport equipment (8.32%), and base metals (6.94%).
Source: Diário Económico
Original article: https://www.diarioeconomico.co.mz/2026/07/28/mundo/angola/angola-saldo-da-balanca-comercial-ultrapassa-os-mil-milhoes-de-euros-em-junho/
