Angola

In May of 2009, the United States and Angola signed a Trade and Investment Framework Agreement (TIFA) that will provide a forum to address trade issues and help enhance trade and investment relations between the two countries.

A United States-Angolan Council on Trade and Investment will be formed under the TIFA to address a wide range of trade and investment issues that include, but are not limited to, trade capacity building, intellectual property, labor, environmental issues, and enhancing the participation of small- and medium-sized enterprises in trade and investment.

The TIFA Council will establish an ongoing dialogue which will help increase commercial and investment opportunities by identifying and removing impediments to trade flows.

U.S.-Angola Trade Facts

Angola is currently the United States' 31st largest goods trading partner with $20.9 billion in total (two way) goods trade during 2008. Goods exports totaled $2.0 billion; Goods imports totaled $18.9 billion.

Angola is eligible for trade benefits under the African Growth and Opportunity Act (AGOA).  In 2008 U.S. imports from Angola under AGOA and the Generalized System of Preferences were valued at over $17.3 billion, which almost exclusively consisted of mineral fuels and oil.

Exports

Angola was the United States' 62nd largest goods export market in 2008.

U.S. goods exports to Angola in 2008 were $2.0 billion, up 57.7% ($739 million) from 2007.

The top export categories (2-digit HS) in 2008 were: Machinery ($763 million), Aircraft ($394 million), Vehicles ($221 million), Iron and Steel Products ($131 million), and Meat (chicken) ($119 million).

U.S. agricultural exports to Angola in 2008 were $144 million. Leading categories include: poultry meat ($109 million) and pulses ($15 million).

Imports

Angola was the United States' 24th largest supplier of goods imports in 2008.

U.S. goods imports from Angola totaled $18.9 billion in 2008, a 51.2% increase ($6.4 billion) from 2007. U.S. imports from Angola accounted for 0.9% of total U.S. imports in 2008.

The five largest import categories in 2008 were: Mineral Fuel and Oil (crude oil) ($18.9 billion), Precious Stones (diamonds) ($34 million), Special Other (returns) ($3 million), Optical and Medical Instruments ($296 thousand), and Art and Antiques ($277 thousand).

There were no agricultural products imported from Angola in 2008.

Investment

U.S. foreign direct investment (FDI) in Angola (stock) was $876 million in 2007 (latest data available), down 37.8% from 2006.

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

Angola FDI in the United States (stock) was not available in 2007 (latest data available). It was $5 million in 2006.