China Top Destination For Angolan Exports In Q2

China remained the top destination of Angolan goods and services in the second quarter of 2017, accounting for 52.6 percent of Angolan exports, the National Statistics Institute (INE) said here

LUANDA, Oct. 18 (APP - UrduPoint / Pakistan Point News - 18th Oct, 2017 ) :China remained the top destination of Angolan goods and services in the second quarter of 2017, accounting for 52.6 percent of Angolan exports, the National Statistics Institute (INE) said here.

That other major destinations for Angola's exports was India (8.8 percent), followed by Canada (5.9 percent). In the same period, vis-a-vis Angola's imports, China was in second place with 15.7 percent, after Portugal (17.3 percent), followed by the United States (8.

0 percent) and South Africa (5.9 percent).

Within Africa, Angola's exports mostly went to South Africa (62.2 percent), followed by Togo (21.1 percent) and the Democratic Republic of the Congo (6.3 percent). The INE said Angola's exports increased by 8.6 percent year on year, while imports fell by 3.4 percent.

Angola's balance of trade was 817.706 billion kwanzas (4.92 billion U.S. Dollars), resulting from the behavior of oil prices. Oil is Angola's main export product.