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Trade and Regional Integration in Angola: FY2019/20

[Dataset] Trade and Regional Integration in Angola: FY2019/20

Trade and Regional Integration in Angola: FY2019/20
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  • Create Date 12 months ago
  • Last Updated Apr 22, 2020

[Dataset] Trade and Regional Integration in Angola: FY2019/20

Angola's exports have grown consistently during the period from 2015 to 2018. The growth in exports has supported a recovery in gross official foreign exchange reserves. Due to pressure on the fixed exchange rate caused by the drastic decline in oil prices which reduced export earnings since 2016, the Angolan authorities decided to implement a manage floating exchange rate regime. This enabled Angola to rebalance its current account. Angola is still heavily dependent on oil exports which is also its top export to the Southern African Development Community (SADC). In addition, Angola is poorly integrated in the SADC region given its very low levels of intraregional trade and the significant trade surplus it enjoys. This suggests that there is significant room to increase Angola’s imports from SADC and diversify its exports to the region.

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