Browsing: Angola and Italy trade relations

• Last year, trade between Angola and Italy was valued at US$400 million.
• Vice-president of the Angola-Italy Chamber of Commerce and Industry (CCIAI), Hélder Cardoso, said strengthening of financial collaboration between Angola and Italy is with a view to diversifying Angola’s exports.
• In the first quarter of 2022, the USA, France, Italy, China and the United Kingdom were the countries that stood out in terms of the origin of foreign direct investment in the oil sector.

In 2021, trade between Angola and Italy was valued at US$400 million, thus corresponding to an increase of more than US$100 million dollars compared to the same period last year.

From the total, US$280 million derived from the country’s oil exports to Italian soil, while US$180 million represents imports of agricultural equipment and the country’s manufacturing industry in this European country.

This information was revealed by Hélder Cardoso, vice-president of the Angola-Italy Chamber of Commerce …