While countries like Nigeria are struggling to up its export trade to China, China said that its position as the largest buyer of Angolan goods and services in the first quarter of this year, account for 62.6 percent of the country’s total exports, the Angolan National Statistics Institute said Wednesday.
Angolan export to China reached 5.04 billion U.S. dollars during the period, up 97 percent from the same period of 2016, the institute said in a post on its website.
Import from China fell by almost 20 percent from the first three months of last year, it added.
Other main destinations of Angolan exports were India with 6.5 percent, South Africa with 4.1 percent, Spain 3.6 percent, and the United Arab Emirates with 3.0 percent.
[contact-form][contact-field label=”Name” type=”name” required=”true” /][contact-field label=”Email” type=”email” required=”true” /][contact-field label=”Website” type=”url” /][contact-field label=”Message” type=”textarea” /][/contact-form]Angola imported during the same period mainly from Portugal with 18.8 percent, China with 11.5 percent, the United Kingdom with 8.0 percent, Brazil with 6.0 percent and South Africa with 5.7 percent.
Globally, Angolan exports rose 56.2 percent in January-March 2017 as compared to the same period last year. Imports surged 7.8 percent