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 46th largest goods trading partner with $11.3 billion in total (two way) goods trade during 2012. Goods exports totaled $1.5 billion; Goods imports totaled $9.8 billion. The U.S. goods trade deficit with Angola was $8.3 billion.

Exports

Angola was the United States' 70th largest goods export market in 2012.

U.S. goods exports to Angola in 2012 were $1.5 billion, down 0.9% ($13 million) from 2011.

The top export categories (2-digit HS) in 2011 were: Machinery ($499 million), Meat (poultry) ($233 million), Iron and Steel Products ($119 million), Electrical Machinery ($108 million), and Vehicles ($96 million). 

U.S. agricultural exports to Angola in 2012 were $264 million. Leading categories include: poultry meat ($219 million) and red meats fresh/chilled/frozen ($15 million).

Imports

Angola was the United States' 34th largest supplier of goods imports in 2012.

U.S. goods imports from Angola totaled $9.8 billion in 2012, a 27.8% decrease ($3.8 billion) from 2011. 

The five largest import categories in 2012 were: Mineral Fuel and Oil (crude oil) ($9.7 billion), Precious Stones (diamonds) ($86 million), Special Other (returns) ($12 million), Organic Chemicals (ethane and butane) ($8 million), and Art and Antiques ($268 thousand). 

There were no agricultural products imported from Angola in 2012. 

Trade Balance

The U.S. goods trade deficit with Angola was $8.3 billion in 2012, a 31.1% decrease ($3.8 billion) from 2011.

Investment

U.S. foreign direct investment (FDI) in Angola (stock) was $5.7 billion in 2011 (latest data available), up 21.8% from 2010.

There is no information on the distribution of U.S. FDI in Angola. 

Angola FDI in the United States (stock) was not available in 2011. It was $13 million in 2008.

*NOTE: No services trade data with Angola is available.