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 46th largest goods trading partner with $10.2 billion in total (two way) goods trade during 2013. Goods exports totaled $1.5 billion; Goods imports totaled $8.7 billion. The U.S. goods trade deficit with Angola was $7.3 billion.
Angola was the United States' 71st largest goods export market in 2013.
U.S. goods exports to Angola in 2013 were $1.5 billion, down 2.7% ($40 million) from 2012.
The top export categories (2-digit HS) in 2013 were: Machinery ($533 million), Meat (poultry) ($249 million), Iron and Steel Products ($133 million), Electrical Machinery ($104 million), and Optic and Medical Instruments ($62 million).
U.S. agricultural exports to Angola in 2013 were $271 million. Leading categories include: poultry meat ($236 million) and beef and beef products ($13 million).
Angola was the United States' 38th largest supplier of goods imports in 2013.
U.S. goods imports from Angola totaled $8.7 billion in 2013, a 11.0% decrease ($1.1 billion) from 2012.
The five largest import categories in 2013 were: Mineral Fuel and Oil (crude oil) ($8.7 billion), Precious Stones (diamonds) ($19 million), Special Other (returns) ($5 million), Wood ($1 million), and Rubber ($71 thousand).
There were no agricultural products imported from Angola in 2013.
The U.S. goods trade deficit with Angola was $7.3 billion in 2013, a 12.5% decrease ($1.0 billion) from 2012. Angola accounted for 1.1% of the overall U.S. goods deficit.
U.S. foreign direct investment (FDI) in Angola (stock) was $1.2 billion in 2012 (latest data available), down 77.3% from 2011.
There is no information on the distribution of U.S. FDI in Angola.
Angola FDI in the United States (stock) was $143 million in 2012. It was $13 million in 2008.
*NOTE: No services trade data with Angola is available.