Angola: Angolan Imports Fell 25 Percent in the Second Quarter of 2015

  |   Attaché Report (GAIN)

Angolan importers are facing a lack of foreign currency for payment to foreign suppliers. To August this year, United States poultry exports to Angola fell by 47 percent, from US$150 million in 2014 to US$ 79 million in 2015. The shortage of foreign exchange is linked to the drop in the price of oil, with oil production accounting for about 70 percent of fiscal revenues and more than 90 percent of export earnings. 

Angola: Angolan Imports Fell 25 Percent in the Second Quarter of 2015

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