Angola

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. See the press release below for more information.

U.S.-Angola Trade Facts

Angola is currently our 39th largest goods trading partner with $13.2 billion in total (exports plus imports) goods trade during 2010. Goods exports totaled $1.3 billion; Goods imports totaled $11.9 billion. The U.S. goods trade deficit with Angola was $10.7 billion.

Exports

Angola was the United States' 69th largest goods export market in 2010.

U.S. goods exports to Angola in 2010 were $1.3 billion, down 9.2% from 2009.

The top export categories (2-digit HS) in 2010 were: Machinery ($435 million), Meat ($149 million) Iron and Steel Products ($145 million), Electrical Machinery ($126 million), and Aircrafts ($73 million).

Imports

Angola was the United States' 30th largest supplier of goods imports in 2010.

U.S. goods imports from Angola totaled $11.9 billion in 2010, a 27.9% increase from 2009.

The five largest import categories in 2010 were: Mineral Fuel and Oil (crude oil) ($11.8 billion), Precious Stones (diamonds) ($132 million), Machinery ($181,000), Special Other (returns) ($82,000), and Optical and Medical Instruments ($42,000).

Trade Balance

The U.S. goods trade deficit with Angola was $10.7 billion in 2010, a 34.6% increase from 2009.