Petroleum products dominate Angola export trade figures. Diamond is yet another significant contributor. These two products constitute more than 80% of the total export value. Angola exports products mainly to China, France, the USA and EU. Almost all oil export from Angola goes to the USA. Other major items of export are:
Due to the favorable trade environment, Angola export figures have almost increased threefold in the period 2006-2009. Surging international oil prices are one of the primary drivers for Angola's export growth. The country ranks 46 in terms of merchandising export and 147 in export of commercial services (based on 2008 WTO figures.)
Since the colonial period, Portugal has been the leading trade import partner of Angola. The country imports food, textile products and consumer goods. Other key import partners are South Africa, the USA, Brazil, the UK, France, China and South Korea. As the Angolan economy is evolving, there is a gradual increase in imports. However, with exports much higher than the import value, the country has a favorable balance of payment.