a healthy chunk of that is just us selling their refined oil back to them.
According to Comtrade, Angola’s imports from the U.S. is mainly machinery, electric equipment, articles of iron and steel, and other products. Oil imports from the U.S. account for 0.3%.
And Bilateral Angola-China trade in 2024 was USD 18.5 billion, with USD 16.24 billion are crude oil exports from Angola to China. This means that 99.9% of Angola’s entire exports to China is oil. That’s more than a ‘healthy chunk’ I would say.
According to Comtrade, Angola’s imports from the U.S. is mainly machinery, electric equipment, articles of iron and steel, and other products. Oil imports from the U.S. account for 0.3%.
And Bilateral Angola-China trade in 2024 was USD 18.5 billion, with USD 16.24 billion are crude oil exports from Angola to China. This means that 99.9% of Angola’s entire exports to China is oil. That’s more than a ‘healthy chunk’ I would say.