Angola: Exporting to Angola
With a population of 25.8 million people and a growing retail sector, Angola is an attractive export market for U.S. agricultural products. Current U.S. agriculture exports are concentrated in the consumer oriented products category, which accounts for 94 percent of all U.S. agriculture exports to Angola. Angola is a significant importer of food and agriculture goods, with total imports reaching $2.6 billion in 2015. However, GDP is expected to grow by less than 1.3 percent in 2016 (according to the Angolan national budget review), and a lack of foreign currency, depreciation of the local currency, and inflationary pressure are major threats to the Angolan economy.