Angola- Business Opportunities
First Secretary of Republic of Angola, Ms. Natacha Laureano and First Secretary Jose Santos accepted the Honorary Membership of Global India Business Forum, in the presence of Global President Dr. Jitendra Joshi, Director Global Operations- Deepali Gadkari and explained activities of GIBF to support MSME sector globally. Realizing the strengths of Global India Business Forum and the Consulate of the Republic of Angola and conscious of the benefits to be derived by both organizations and its members through this mutual understanding, both parties will be associated with each other in mutual cooperation to facilitate mutual investment, trade and economic cooperation complimented by knowledge sharing, training, certification and networking
Angola is a Southern African nation whose varied terrain encompasses tropical Atlantic beaches, a labyrinthine system of rivers and Sub-Saharan desert that extends across the border into Namibia. It has an area of 1,246,700 Sq. Kilometers and it shares its borders of 4,837 km with the Republic of Congo (Brazzaville) and the Democratic Republic of the Congo (ex-Zaire) in the North, Zambia to the East and Namibia in the South. The country's colonial history is reflected in its Portuguese-influenced cuisine and its landmarks including Fortaleza de São Miguel, a fortress built by the Portuguese in 1576 to defend the capital, Luanda. The current population of Angola is 33,500,755. Capital of Angola is Luanda and its current population is 8,632,000. In precolonial times, Angolans of various groups followed broadly similar religious traditions that revolved around venerating ancestors and worshipping territorially oriented deities under a creator high god (often known as Nzambi or Suku). The Portuguese government regarded Angola as its overseas crown jewel during the colonial period. It made the colony a target of ambitious settlement schemes and encouraged investment in the economy.
Business Opportunities in Angola
Since Crude Petroleum is the largest export of Andorra, a lot of businesses dealing with Crude Petroleum and its by-products can be successfully established. Also Diamonds, coal tar oil is fast growing export industry of Andorra.
Exports and Imports in Angola
Imports mainly involve machinery, vehicles, spare parts, medicines, food, textiles, and military goods. Angola main trade partners are China (more than 40% of exports), India, the European Union (Spain, Portugal) and the United States. Oil exports account for more than 95% of total exports. The country is also the world fourth largest exporter of diamonds and began exporting liquefied natural gas to the American, European and Japanese markets; other exports include, coffee, sisal, and fish.
Top Exports of Angola
The top exports of Angola are Crude Petroleum ($35.5B), Diamonds ($2.49B), Petroleum Gas ($1.65B), Refined Petroleum ($514M), and Coal Tar Oil ($146M), exporting mostly to China ($22.5B), India ($3.87B), United Arab Emirates ($2.19B), United States ($1.48B), and Spain ($1.25B). The following export product groups represent the highest dollar value in Angolan global shipments during 2019. Also shown is the percentage share each export category represents in terms of overall exports from Angola.1.Mineral fuels including oil: US$34.6 billion (97.9% of total exports)2.Gems, precious metals: $487.8 million (1.4%)3.Fish: $40.9 million (0.1%)4.Salt, Sulphur, stone, cement: $34 million (0.1%)5.Machinery including computers: $26.8 million (0.1%)6.Copper: $22.4 million (0.1%)7.Wood: $21 million (0.1%)8.Aluminum: $18.1 million (0.1%)9.Food industry waste, animal fodder: $16.1 million (0.05%)10.Optical, technical, medical apparatus: $13.8 million (0.04%)
Top Imports of Angola
The top imports of Angola are Refined Petroleum ($1.84B), Special Purpose Ships ($1.69B), Poultry Meat ($362M), Gas Turbines ($298M), and Rice ($282M), importing mostly from China ($2.26B), Portugal ($1.98B), Singapore ($1.79B), Togo ($894M), and Belgium-Luxembourg ($802M).