Angola

Angola ranked No. 96 in total trade value through May with a total of $365.48 million. Exports totaled $193.28 million and Imports totaled $172.2 million, a surplus of $21.08 million.

U.S. trade with Angola rose to $259.72 million through May

Angola’s trade with the United States rose to $259.72 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 25.74 percent below its total trade during the same time period last year. U.S. exports to Angola increased 0.03 percent while U.S. imports from Angola fell 44.95 percent. The U.S. surplus with Angola was $39.11 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of Honolulu, Hawaii; No. 3 Port of Long Beach; No. 4 Houston Int’l Airport; and No. 5 Port of Newark. During the same period the previous year, the top five were No. 1 Shell Oil Terminal, Martinez, Calif.; No. 2 Port of Houston; No. 3 Port of Long Beach; No. 4 Port of Southern Louisiana, Gramercy, St. James Parish and No. 5 John F. Kennedy International Airport. In the current time period, the top five accounted for 69.34 percent of Angola’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 29.05 percent to $96.23 million.
    Exports rose 29.86 percent to $95.18 million. Imports fell 17.48 percent to $1.05 million.
  • Trade with No. 2 Port of Honolulu, Hawaii totaled $64.61 million.
    There were no exports. Imports totaled $64.61 million.
  • Trade with No. 3 Port of Long Beach fell 28.2 percent to $42.45 million.
    Exports fell 93.37 percent to $15,678. Imports fell 27.94 percent to $42.43 million.
  • Trade with No. 4 Houston Int’l Airport rose 71.9 percent to $27.44 million.
    Exports rose 72.08 percent to $27.4 million. Imports fell 4.93 percent to $36,265.
  • Trade with No. 5 Port of Newark fell 15.01 percent to $22.7 million.
    Exports fell 45.13 percent to $1.64 million. Imports fell 11.23 percent to $21.06 million.

Angola ranked No. 96 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 85.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Angola by value through May were the categories of Parts for heavy machinery; Chicken and other poultry; Binders for found molds; chemical products; Taps, cocks and valves for pipes, tanks; and Miscellaneous machines, parts, respectively. They accounted for 45.33 percent of total exports to Angola.

The value of the top five categories of U.S. imports from Angola –– Oil; Diamonds, not mounted; Gasoline, other fuels; Iron or steel nails, tacks, drawing pins; and Coffee –– accounted for 99.93 percent of all inbound shipments.

Looking more closely at U.S. exports to Angola:

  • Parts for heavy machinery rose 15.06 percent compared to last year to $30.31 million.
  • Chicken and other poultry fell 42.51 percent compared to last year to $26.79 million.
  • Binders for found molds; chemical products rose 107.75 percent compared to last year to $12.4 million.
  • Taps, cocks and valves for pipes, tanks rose 0.62 percent compared to last year to $10.21 million.
  • Miscellaneous machines, parts rose 109.34 percent compared to last year to $7.89 million.

Looking more closely at U.S. imports from Angola:

  • Oil fell 12.07 percent compared to last year to $162.7 million.
  • Diamonds, not mounted fell 90.54 percent compared to last year to $4.96 million.
  • Gasoline, other fuels fell 94.08 percent compared to last year to $3.3 million.
  • Iron or steel nails, tacks, drawing pins rose 399 percent compared to last year to $1.05 million.
  • Coffee rose 234.42 percent compared to last year to $77,000.

In the latest annual figures available, Angola recorded $1.49 billion in trade with the United States. Total U.S. exports to Angola were $ 536.17 million and imports from Angola were $954.54 million. The U.S. deficit with Angola was $418.37 million.