MEMORANDUM ON ECONOMIC RELATIONS BETWEEN ANGOLA AND JAPAN

                                    NATIONAL BANK OF ANGOLA

JUNE 2019

INDEX
1. Trade between Angola and Japan 3
2. Main products imported from Japan 3
3. Main products exported to Japan 4
4. Foreign Direct Investment in Angola 4
5. Transactions with international payment cards 5
6. External indebtedness of Angola 6-7
7. Flow of remittances 7-8
8. Brief Considerations 9

 

COMMERCIAL EXCHANGE BETWEEN ANGOLA AND JAPAN
In Millions of US$
Description 2013 2014 2015 2016 2017 2018 2019*
Export of goods 409,8 303,8 151,3 24,6 267,8 211,3 1,6
Import of goods 245,7 333,0 121,9 28,0 22,4 69,6 19,8
Trade Balance 164,1 -29,2 29,4 -3,4 245,4 141,8 -18,2
Source: MIREMPET/AGT
*Preliminary data through April

 

MAJOR CATEGORIES OF IMPORTED PRODUCTS FROM JAPAN : 2013 – 2019
In Million of US$
Description 2013 2014 2015 2016 2017 2018 2019*
MACHINERY, MECHANICAL AND ELECTRICAL APPLIANCES 110,2 180,6 54,7 3,2 7,4 4,5 2,0
FOOD GOODS 0,1 0,0 0,0 0,0 0,0 0,0 0,0
COSTRUCTION MATERIAL 25,5 36,9 13,8 0,9 0,4 1,1 0,1
MISCELLANEOUS WORKS 4,2 5,5 4,2 1,2 1,0 3,3 0,3
VEHICLES 96,9 98,8 41,6 10,3 5,8 55,7 15,1
CHEMICALS 1,7 3,2 0,6 2,4 1,7 0,5 1,6
PLASTICS, RUBBER, LEATHER AND LEATHER 4,2 4,8 5,1 7,4 3,8 2,4 0,3
TEXTILES AND CLOTHING 0,7 1,6 1,5 2,3 2,1 1,7 0,4
BEVERAGES AND VINEGAR 0,0 0,0 0,0 0,0 0,0 0,0 0,0
AIRCRAFT AND VESSELS 0,2 0,1 0,0 0,0 0,0 0,0 0,0
PAPER OR PAPERBOARD AND ARTICLES THEREOF 0,1 0,3 0,1 0,3 0,0 0,0 0,0
MINERAL PRODUCTS 0,3 0,3 0,0 0,0 0,0 0,0 0,0
WOOD,CORK 0,0 0,0 0,1 0,0 0,0 0,0 0,0
FUEL 0,0 0,0 0,1 0,0 0,0 0,0 0,0
OTHER PRODUCTS 1,4 0,6 0,0 0,0 0,1 0,3 0,0
IMPORTS OF ANGOLA FROM JAPAN 245,7 333,0 121,9 28,0 22,4 69,6 19,8
TOTAL IMPORTS OF ANGOLA 26.331,0 28.580,3 20.692,5 13.040,5 14.463,2 15.797,8 5.630,1
JAPAN`S SHARE 0,9% 1,2% 0,6% 0,2% 0,2% 0,4% 0,4%
Source: AGT
*Preliminary data through April

 

PRODUCT EXPORTS TO JAPAN
In Millions of US$
Description 2013 2014 2015 2016 2017 2018 2019*
CRUDE OIL *** 409,8 303,8 151,3 24,6 267,8 211,3 1,6
GAS 245,7 333,0 121,9 28,0 22,4 69,6 19,8
PREPARATIONS OF MEAT, OF FISH OR CRUSTACEANS 245,7 333,0 121,9 28,0 22,4 69,6 19,8
OTHERS** 164,1 -29,2 29,4 -3,4 245,4 141,8 -18,2
EXPORTS FROM ANGOLA TO JAPAN 164,1 -29,2 29,4 -3,4 245,4 141,8 -18,2
TOTAL EXPORTS OF ANGOLA 164,1 -29,2 29,4 -3,4 245,4 141,8 -18,2
JAPAN`S SHARE 164,1 -29,2 29,4 -3,4 245,4 141,8 -18,2
Source: MIREMPET/AGT/BNA
*Preliminary data through April
**Includes wood and fish***Preliminary data referring to the first quarter

 

FOREIGN DIRECT INVESTMENT IN ANGOLA *
In Millions of US$
Description 2013 2014 2015 2016 2017 2018 2019*
JAPAN 0,0 0,0 0,0 0,0 0,0 0,4 0,3
TOTAL OF DIRECT INVESTMENT IN ANGOLA 62,9 87,1 122,4 47,3 27,3 476,3 98,8
JAPAN`S SHARE 0,00% 0,00% 0,00% 0,00% 0,00% 0,09% 0,26%
Source: BNA
Preliminary data referring to the first quarter

 

TRANSACTIONS WITH INTERNATIONAL PAYMENT CARDS ISSUED BY BANKS RESIDENT IN ANGOLA
In Millions of US$
Description 2013
Survey Purchase Total expenses
JAPAN 0,0 0,3 0,3
TOTAL PAYMENTS CARD 705,0 731,8 1.436,7
JAPAN`S SHARE 0,00% 0,00% 0,00%
Source: BNA
*Preliminary data through April

 

In Millions of US$
Description 2014
Survey Purchase Total expenses
JAPAN 0,2 0,3 0,5
TOTAL PAYMENTS CARD 1.387,0 1.199,6 2.586,6
JAPAN`S SHARE 0,00% 0,00% 0,00%

 

In Millions of US$
Description 2016
Survey Purchase Total expenses
JAPAN 0,0 0,1 0,1
TOTAL PAYMENTS CARD 236,0 321,5 557,5
JAPAN`S SHARE 0,00% 0,00% 0,00%

 

In Millions of US$
Description 2017
Survey Purchase Total expenses
JAPAN 0,0 0,1 0,1
TOTAL PAYMENTS CARD 279,4 396,4 675,8
JAPAN`S SHARE 0,00% 0,00% 0,00%

 

In Millions of US$
Description 2018
Survey Purchase Total expenses
JAPAN 0,0 0,1 0,1
TOTAL PAYMENTS CARD 194,6 302,1 496,7
JAPAN`S SHARE 0,00% 0,00% 0,00%

 

In Millions of US$
Description 2019*
Survey Purchase Total expenses
JAPAN 0,0 0,1 0,1
TOTAL PAYMENTS CARD 39,0 66,0 105,0
JAPAN`S SHARE 0,00% 0,00% 0,00%
Source: BNA
*Preliminary data through April

 

PUBLIC EXTERNAL DEBT OF ANGOLA
In Millions of US$
Description 2013 2014 2015 2016 2017 2018
EXPENDITURE (JAPAN) 34,6 484,5 364,7 11,6 0,0 88,9
TOTAL EXPENDITURE 10.204,5 13.250,2 5.694,8 495,8 7.330,1 298,9
JAPAN`S SHARE 0,3% 3,7% 6,4% 0,1% 0,0% 0,9%
Source: UGDP

 

In Millions of US$
Description 2013 2014 2015 2016 2017 2018
DEBIT SERVICE (JAPAN) 18,9 31,8 81,2 122,7 120,1 118,9
CAPITAL 9,4 17,7 45,5 88,5 87,4 88,1
INTEREST RATE 9,5 14,0 35,7 34,2 32,6 30,9
TOTAL SERVICE 5.375,7 7.114,0 7.343,0 8.270,1 10.537,6 9.055,9
JAPAN`S SHARE 0,4% 0,4% 1,1% 1,5% 1,1% 1,3%

 

In Millions of US$
Description 2013 2014 2015 2016 2017 2018 2019*
STOCK DEBIT (JAPAN) 212,3 634,1 960,9 900,1 848,1 857,7 828,4
TOTAL STOCK DEBIT 28.178,1 35.933,1 278,7 400,8 43.390,6 981,7 46.877,6
JAPAN`S SHARE 0,8% 1,8% 2,6% 2,0% 2,0% 1,8% 1,8%
Source: UGDP
*Preliminary data through April

 

VALUE REFERRAL FLOW
In Millions of US$
Description 2013
Credit Debit Balance
JAPAN 0,0 0,4 0,0
TOTAL REMITTANCES 36,6 1.725,7 -1.689,0
JAPAN`S SHARE 0,1% 0,0% 0,0%
Source: BNA
*Preliminary data through April

 

In Millions of US$
Description 2014
Credit Debit Balance
JAPAN 0,0 0,2 0,0
TOTAL REMITTANCES 31,0 1.447,8 -1.416,8
JAPAN`S SHARE 0,2% 0,0% 0,0%

 

In Millions of US$
Description 2015
Credit Debit Balance
JAPAN 0,0 0,0 0,0
TOTAL REMITTANCES 11,1 311,2 -300,0
JAPAN`S SHARE 0,1% 0,0% 0,0%

 

In Millions of US$
Description 2016
Credit Debit Balance
JAPAN 0,0 0,0 0,0
TOTAL REMITTANCES 4,0 71,3 -67,3
JAPAN`S SHARE 0,0% 0,0% 0,0%

 

In Millions of US$
Description 2017
Credit Debit Balance
JAPAN 0,0 0,0 0,0
TOTAL REMITTANCES 1,4 110,7 -109,2
JAPAN`S SHARE 0,1% 0,0% 0,0%

 

In Millions of US$
Description 2018
Credit Debit Balance
JAPAN 0,0 0,0 0,0
TOTAL REMITTANCES 1,5 20,9 -19,4
JAPAN`S SHARE 0,2% 0,0% 0,0%

 

In Millions of US$
Description 2019*
Credit Debit Balance
JAPAN 0,0 0,0 0,0
TOTAL REMITTANCES 1,0 27,6 -26,6
JAPAN`S SHARE 0,1% 0,0% 0,0%
Source: BNA
*Preliminary data through April

                                                                       BRIEF CONSIDERATIONS
1. Trade balance between Angola and Japan favors Angola. Considering the period from 2013 to 2018 on average, the surplus was US $ 91.3 million, despite the fact that the data for 2019 showed a balance favorable to Japan.
2. Machinery, mechanical and electrical appliances and vehicles appear to be the main products imported from Japan with an estimated average annual weight of about 82% of total imports from Japan.
3. Oil and gas are the main products exported to Japan.
4. Japanese investment in Angola is residual. The available records show that the Japanese investment in Angola does not surpass the figure of 0.5%.
5. In terms of the use of international cards in Japan, on average transactions do not exceed 0.5% of the total with international payment cards.
6. As far as remittances are concerned, there is practically only the sense of sending to Japan. However, the amount is residual.

0