Angola-Portugal Bilateral Trade Analysis 2023
Complete trade statistics: $1.91B total volume •Angola deficit: $1.30B
Angola → Portugal
$301.85M
Exports (2023)
Portugal → Angola
$1.61B
Imports (2023)
Trade Balance
$1.30B
Deficit for Angola
Total Trade
$1.91B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Angola and Portugal. Green line shows exports from Angola, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Angola-Portugal commercial relationship and competitive positioning in global markets.
Angola → Portugal Exports
Export Market Intelligence
🎯 Strategic Export Focus
Angola's export portfolio to Portugal demonstrates strategic specialization, with oils: petroleum oils and oils obtained from bituminous minerals, crude representing a key competitive advantage in this bilateral market.
Portugal → Angola Imports
Import Dependency Profile
📦 Import Strategy Analysis
Angola's import pattern from Portugal reveals significant dependencyin medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Angola demonstrates competitive strength in exportingoils: petroleum oils and oils obtained from bituminous minerals, crude to Portugal, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.91B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Angola-Portugal Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.91 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Angola maintains a deficit of $1.30 billion
- Export Focus: Angola's primary exports include oils: petroleum oils and oils obtained from bituminous minerals, crude, fruit, edible: bananas, other than plantains, fresh or dried, crustaceans: frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water
- Import Dependencies: Key imports from Portugal include medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, iron or steel: structures and parts thereof, n.e.c. in heading 7308, wine: still, in containers holding more than 10 litres
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $1.91B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Angola leveraging its comparative advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Angola's specialization in oils: petroleum oils and oils obtained from bituminous minerals, crudecomplements Portugal's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.91B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.91B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $1.91 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in oils: petroleum oils and oils obtained from bituminous minerals, crude and medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Angola's trade deficit of $1.30 billion impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Angola and Portugal represents a total trade volume of $1.91 billion in 2023. This partnership demonstrates an unfavorable trade balance for Angola, with imports exceeding exportsby $1.30 billion.
Export Strengths
Angola's exports to Portugal total $301.85 million, with competitive advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude, representing $239.78M or79.4% of bilateral exports.
Import Dependencies
Imports from Portugal amount to $1.61 billion, highlighting economic interdependence in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, with Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale comprising3.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Angola's strategic sourcing from Portugal. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Angola and Portugal in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023