Strategic positioning of Angola
National flag
Basic InformationAngola is located in southwestern Africa. It is one of the important sea passages for central and southern Africa. It has a land area of approximately 1.25 million square kilometres and a population of 31.8 million. The capital is Luanda, the largest port and political and economic centre.
Investment Environment

Angola has ideal natural resources, stable political situation and sound economic policies. Its outstanding resources give agriculture a huge room for comprehensive development and many opportunities to manufacturing and processing industries. There is also potential to have infrastructure co-operation.

Doing Business 2020 – the World Bank’s report on business environment – points out that Angola’s score has improved in terms of property registration, access to electricity and cross-border trade.

As the second largest oil producer in Africa, Angola has oil and diamond mining as its economic backbones. Oil exports account for more than 95% of total exports. Angola’s export revenues account for nearly 60% of total revenues. In addition, construction industry also makes important economic contributions. Construction contractors from all over the world are attracted to Angola. Other important industries includes Agriculture, Fishery, Communications industry and so on.

Trade Overview

The main export destinations of Angola include China, India, the United States and Spain. The export goods are mainly crude oil, diamonds, wood, machinery equipment and coffee. Angola’s main sources of import include China, Portugal, Singapore and Belgium. The main imported goods include mechanical and electrical equipment, vehicles and spare parts, medicines, food, and textiles.

China’s exports to Angola mainly are automobiles and spare parts, furniture and furniture products, and electromechanical products. The main imports from Angola are crude oil.