Crude petroleum and products top the commodities export list for Angola (89%), while only accounting for a small percentage of the world's exportation. Diamonds and other precious and semiprecious stones are the second-largest export, and shellfish exports follow. A small amount of natural and manufactured gas is also exported from Angola.
As of 1999, the US was buying up to 75% of Angola's crude oil production.
Principal trading partners in 1998 (in millions of US dollars) were as follows:
COUNTRY | EXPORTS | IMPORTS | BALANCE |
United States | 2,228 | 390 | 1,838 |
Belgium | 317 | 106 | 211 |
Taiwan | 287 | 5 | 282 |
China (inc. Hong Kong) | 140 | 69 | 71 |
France | 102 | 129 | -27 |
Italy | 60 | 82 | -22 |
South Africa | 51 | 238 | -187 |
Spain | 28 | 108 | -80 |
Portugal | 22 | 451 | -429 |
Brazil | 22 | 132 | -110 |
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