The number of Portuguese companies exporting goods to Angola fell by 713 between 2021 and 2025, according to data from Portugal’s National Statistics Institute (INE). Despite the 16.9% decline in active exporters, total sales value grew by 14.6% over the same four-year period.
Official statistics show that active Portuguese exporters in the Angolan market dropped from 4,225 in 2021 to 3,512 in 2025. The total had previously peaked at 4,784 in 2022 before beginning a steady decline, with 211 companies exiting the market between 2024 and 2025 alone.
As a result, Angola slid from fifth to seventh place among top destinations for Portuguese exporters. Portuguese companies selling to Angola now represent 16.3% of the nation’s total exporting businesses, down from 18.8% in 2021.
The shrinking number of economic players highlights a heavy concentration of sales among a few dominant firms. Just 200 companies accounted for 72% of total Portuguese exports to Angola in 2025. Within that group, 11 major exporters generated 24.4% of total sales, while 189 others made up 47.6%. Conversely, the remaining 2,950 exporters—representing 84% of all active businesses in that market—accounted for only 26.7% of total export value.
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Despite the market consolidation, exposure remains high for many smaller suppliers. Roughly 2,020 Portuguese firms generate more than three-quarters of their total international sales in Angola, and nearly half (1,635 firms) export exclusively to the Angolan market.
Total Portuguese exports of goods to Angola reached €1.09 billion in 2025. Imports from Angola surged 144.4% compared to 2024, reaching €233.6 million and leaving Portugal with a favorable trade balance of €857.2 million.
Machinery and appliances led Portuguese exports to Angola in 2025 at €319.2 million (29.3% of the total), followed by chemical products (€137.5 million), food products (€119.6 million), and base metals (€111.9 million). Top individual products included wine at €53.7 million (up 21.9% from 2024), pharmaceuticals at €51.5 million, and medical instruments at €33.7 million (up 35.8%).
Mineral fuels dominated Portugal’s imports from Angola, making up 83.1% of the total at €194.1 million—a 176.1% jump driven primarily by crude oil imports worth €189.4 million. Crustaceans (€17.8 million) and bananas (€5.2 million) rounded out the top imported goods.
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Preliminary figures for the first four months of 2026 show a 9% increase in Portuguese exports to Angola, reaching €361.4 million. Machinery and equipment (€104 million), chemicals (€48.6 million), and food products (€40.7 million) remained the primary drivers.
Conversely, Portuguese imports from Angola plummeted by 83.2% to €13.9 million between January and April 2026, largely due to a total absence of mineral fuel imports compared to €71.5 million recorded during the same period in 2025. Agricultural products accounted for 71.8% of all Angolan imports during those four months.
Data from the International Trade Centre indicates that Portugal retained its position as Angola’s second-largest supplier in 2025. However, Portugal ranked 23rd among Angola’s export destinations, absorbing just 0.5% of total Angolan exports. Overall, Portugal’s share of total Angolan imports shrank from 11.9% in 2021 to 9.8% in 2025.
