Located along the southwestern Atlantic coast of Africa, the Republic of Angola recorded an estimated US$39.3 billion in exported goods to international markets in 2024.

This figure marks a strong 86.5% increase from the $21 billion achieved five years earlier in 2020, underscoring Angola's expanding trade activity over the long term.

On a year-to-year basis, however, the growth of Angola's exports moderated to a modest 1.3% gain, compared to $38.7 billion in 2023.

According to 2024 exchange rate data, the Angolan kwanza weakened by -34.8% against the US dollar since 2020, and by another -25.3% from 2023 to 2024. The currency depreciation made Angola's export commodities — particularly those sold in U.S. dollars — more affordable for overseas buyers, boosting competitiveness on global markets.

The three major export pillars of Angola's economy are crude oil, petroleum gases, and unmounted diamonds. Together, these items represented roughly 90% of the nation's total export value in 2024, reaffirming Angola's dependence on energy and mineral resources.

Angola's Main Trading Destinations

Recent trade data indicates that 86.5% of Angola's exports were purchased by importers in the following top destinations:

1.Mainland China – 41.4%

2.India – 11.1%

3.Spain – 6.5%

4.United States – 4.2%

5.Indonesia – 4%

6.France – 3.9%

7.Singapore – 3.5%

8.United Arab Emirates – 3.2%

9.Brazil – 2.9%

10.Netherlands – 2.2%

11.South Africa – 1.92%

12.Canada – 1.86%

From a continental perspective, 67.6% of Angola's export value was shipped to Asia, while 18.1% went to Europe and 6.1% to North America. Smaller proportions were exported to Africa (5%), Latin America (3.1%), and Oceania (0.05%), including New Zealand, Vanuatu, and the Marshall Islands.

With a population of roughly 38 million people, Angola's 2024 export total equates to about $1,050 per person, essentially unchanged from the per-capita figure reported in 2023.

Angola's Top 10 Export Categories

The table below outlines the 10 most valuable export categories for Angola in 2024, along with their share of total shipments by value:

1.Mineral fuels (including oil): US$34.2 billion (87.1%)

2.Ships and boats: $2.7 billion (6.9%)

3.Precious stones and metals: $1.5 billion (3.9%)

4.Machinery including computers: $192.3 million (0.5%)

5.Iron and steel: $72.9 million (0.2%)

6.Aircraft and spacecraft: $68.8 million (0.2%)

7.Optical and medical instruments: $55.2 million (0.1%)

8.Salt, stone, cement, and similar materials: $52.6 million (0.1%)

9.Iron or steel articles: $44.1 million (0.11%)

10.Fish and seafood: $40.6 million (0.10%)

Collectively, Angola's top 10 export goods accounted for about 99.3% of the country's total trade value in 2024.

Export Growth and Decline by Category

The fastest-growing export product in 2024 was aircraft and spacecraft, which surged by an impressive 351.1% year over year.

Next came iron and steel, which expanded by 49.7%, followed closely by ships and boats — up 47.6% compared with 2023.

On the downside, fish exports experienced the sharpest contraction, falling -35.3% over the same period.

At the more detailed four-digit Harmonized Tariff System (HTS) level, crude oil remained Angola's most valuable commodity, accounting for 79.6% of all exports. It was followed by:

1.Petroleum gases (6.5%)

2.Uncut diamonds (3.9%)

3.Floating docks and light vessels (3.6%)

4.Cargo and cruise ships (2%)

5.Refined petroleum oils (0.9%)

6.Tugboats and pusher craft (0.7%)

7.Warships and lifeboats (0.6%)

8.Aircraft and spacecraft (0.2%)

9.Valves and fittings (0.1%)

Finding Reliable Suppliers in Angola

For global enterprises seeking to engage in Angola's export market, identifying trustworthy suppliers is critical.

With Tendata's intelligent trade platform, businesses can perform keyword-based searches, use HS code filters, and access verified exporter profiles. This allows users to analyze purchasing trends, monitor trade volumes, and directly connect with reliable partners — dramatically shortening market entry time.

Whether you are an established trader or exploring new opportunities, leveraging Angola's export data through Tendata can help you uncover promising business prospects.

For detailed trade insights or to request a free demo, contact Tendata today.