Economy, Foreign Trade

In 2000 imports totaled $2.4 billion and exports $6.6 billion. The chief imports are textiles, foodstuffs, heavy machinery, and iron and steel. Petroleum is by far the largest export in value; other products include coffee, diamonds, sisal, fish, and palm oil. Since Angola’s independence, the United States has replaced Portugal as the country’s leading destination for exports. Other export destinations are France, Germany, The Netherlands, and Brazil. Portugal remains the leading source for imports, followed by Belgium-Luxembourg (which conduct their foreign trade as a single entity), Brazil, the United States, France, Germany, and Spain.