Exports from Portugal to Angola increased 88% in the first quarter to almost 125 million

Angola's sales to Portugal rose 88% in the first quarter of this year, going from 124,8 million euros, between January and March, 2018, to 235,1 million euros in the first three months of this year.

According to data from the National Statistics Institute compiled for Lusa, Portugal's exports to Angola decreased by 17.3%, from 348,3 million euros in the first quarter of last year, to 288,2 million in the same this year.

The combination of increased imports and the decline of Portuguese exports caused the trade balance that, while still positive for Portugal, has decreased from 223,5 million between January and March 2018 to around 53 million euros in the first quarter of this year.

According to INE figures for other Portuguese-speaking African countries, the highest percentage change occurred in the trade relationship with Guinea-Bissau, whose sales to Portugal increased 337,5%, although in value (238,2 thousand euros) they continue to be much below the purchases to Portugal, which totaled 25.3 million euros.

In the first quarter, Portugal's imports of products from Mozambique increased 43.8% to EUR 9.4 million, while exports to the second largest Portuguese-speaking economy in Africa fell by 3.9% to 41.2 million of euros.

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