• Angola and India share bilateral relations based on trust and mutual respect. Both countries are endeavoring to diversify their economic relations and strengthen cooperation in the areas of health and pharmaceuticals, agriculture and food processing, energy, mineral resources, and technology.
  • India is Angola’s third largest trading partner – sharing around 10 percent of Angola’s foreign trade, mainly due to the purchase of crude oil in bulk.
  • The Angolan Embassy in India and the Embassy of India in Angola have been active in organizing various webinars and virtual events to strengthen trade and investment between the two countries because it can be both countries have much more to offer.
  • The embassies also endeavor to disseminate information about business and investment opportunities in both countries through economic bulletins and sector-specific sector-specific reports.
  • Recent trends in bilateral trade show an upward trajectory as follows: Trade volume increased from 2.14 billion during 2020-2021 to 4.22 billion in 2022-2023; In 2021, India exported 464 million dollars to Angola.
  • The main products exported from India to Angola were Rice (97.8 million dollars), Packaged Medicines (81.8 million dollars), and Tugboats (39.3 million dollars). Over the last 26 years, India’s exports to Angola have increased at an annualized rate of 16%, from 9.71 million dollars in 1995 to 464 million dollars in 2021.
  • In 2021, Angola exported 2.89 billion dollars to India. The main products exported from Angola to India were crude oil ($ 1.81 billion), petroleum gas ($ 893 million), diamonds ($ 183 million), and diamonds ($183 million).
  • Over the last 22 years, Angola’s exports to India have increased at an annualized rate of 68.7 percent, from $3.62 billion in 1999 to $2.89 billion in 2021. billion in 2021.