MEMORANDUM ON ECONOMIC RELATIONS BETWEEN ANGOLA AND JAPAN

NATIONAL BANK OF ANGOLA

JUNE 2019

INDEX
1.Trade between Angola and Japan3
2.Main products imported from Japan3
3.Main products exported to Japan4
4.Foreign Direct Investment in Angola4
5.Transactions with international payment cards5
6.External indebtedness of Angola6-7
7.Flow of remittances7-8
8.Brief Considerations9
COMMERCIAL EXCHANGE BETWEEN ANGOLA AND JAPAN
In Millions of US$
Description2013201420152016201720182019*
Export of goods409,8303,8151,324,6267,8211,31,6
Import of goods245,7333,0121,928,022,469,619,8
Trade Balance164,1-29,229,4-3,4245,4141,8-18,2
Source: MIREMPET/AGT
*Preliminary data through April
MAJOR CATEGORIES OF IMPORTED PRODUCTS FROM JAPAN : 2013 – 2019
In Million of US$
Description2013201420152016201720182019*
MACHINERY, MECHANICAL AND ELECTRICAL APPLIANCES110,2180,654,73,27,44,52,0
FOOD GOODS0,10,00,00,00,00,00,0
COSTRUCTION MATERIAL25,536,913,80,90,41,10,1
MISCELLANEOUS WORKS4,25,54,21,21,03,30,3
VEHICLES96,998,841,610,35,855,715,1
CHEMICALS1,73,20,62,41,70,51,6
PLASTICS, RUBBER, LEATHER AND LEATHER4,24,85,17,43,82,40,3
TEXTILES AND CLOTHING0,71,61,52,32,11,70,4
BEVERAGES AND VINEGAR0,00,00,00,00,00,00,0
AIRCRAFT AND VESSELS0,20,10,00,00,00,00,0
PAPER OR PAPERBOARD AND ARTICLES THEREOF0,10,30,10,30,00,00,0
MINERAL PRODUCTS0,30,30,00,00,00,00,0
WOOD,CORK0,00,00,10,00,00,00,0
FUEL0,00,00,10,00,00,00,0
OTHER PRODUCTS1,40,60,00,00,10,30,0
IMPORTS OF ANGOLA FROM JAPAN245,7333,0121,928,022,469,619,8
TOTAL IMPORTS OF ANGOLA26.331,028.580,320.692,513.040,514.463,215.797,85.630,1
JAPAN`S SHARE0,9%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$
Description2013201420152016201720182019*
CRUDE OIL ***409,8303,8151,324,6267,8211,31,6
GAS245,7333,0121,928,022,469,619,8
PREPARATIONS OF MEAT, OF FISH OR CRUSTACEANS245,7333,0121,928,022,469,619,8
OTHERS**164,1-29,229,4-3,4245,4141,8-18,2
EXPORTS FROM ANGOLA TO JAPAN164,1-29,229,4-3,4245,4141,8-18,2
TOTAL EXPORTS OF ANGOLA164,1-29,229,4-3,4245,4141,8-18,2
JAPAN`S SHARE164,1-29,229,4-3,4245,4141,8-18,2
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$
Description2013201420152016201720182019*
JAPAN0,00,00,00,00,00,40,3
TOTAL OF DIRECT INVESTMENT IN ANGOLA62,987,1122,447,327,3476,398,8
JAPAN`S SHARE0,00%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$ 
Description2013
SurveyPurchaseTotal expenses
JAPAN0,00,30,3
TOTAL PAYMENTS CARD705,0731,81.436,7
JAPAN`S SHARE0,00%0,00%0,00%
Source: BNA
*Preliminary data through April
In Millions of US$
Description2014
SurveyPurchaseTotal expenses
JAPAN0,20,30,5
TOTAL PAYMENTS CARD1.387,01.199,62.586,6
JAPAN`S SHARE0,00%0,00%0,00%
In Millions of US$
Description2016
SurveyPurchaseTotal expenses
JAPAN0,00,10,1
TOTAL PAYMENTS CARD236,0321,5557,5
JAPAN`S SHARE0,00%0,00%0,00%
In Millions of US$
Description2017
SurveyPurchaseTotal expenses
JAPAN0,00,10,1
TOTAL PAYMENTS CARD279,4396,4675,8
JAPAN`S SHARE0,00%0,00%0,00%
In Millions of US$
Description2018
SurveyPurchaseTotal expenses
JAPAN0,00,10,1
TOTAL PAYMENTS CARD194,6302,1496,7
JAPAN`S SHARE0,00%0,00%0,00%
In Millions of US$
Description2019*
SurveyPurchaseTotal expenses
JAPAN0,00,10,1
TOTAL PAYMENTS CARD39,066,0105,0
JAPAN`S SHARE0,00%0,00%0,00%
Source: BNA
*Preliminary data through April
PUBLIC EXTERNAL DEBT OF ANGOLA
In Millions of US$
Description201320142015201620172018
EXPENDITURE (JAPAN)34,6484,5364,711,60,088,9
TOTAL EXPENDITURE10.204,513.250,25.694,8495,87.330,1298,9
JAPAN`S SHARE0,3%3,7%6,4%0,1%0,0%0,9%
Source: UGDP
In Millions of US$
Description201320142015201620172018
DEBIT SERVICE (JAPAN)18,931,881,2122,7120,1118,9
CAPITAL9,417,745,588,587,488,1
INTEREST RATE9,514,035,734,232,630,9
TOTAL SERVICE5.375,77.114,07.343,08.270,110.537,69.055,9
JAPAN`S SHARE0,4%0,4%1,1%1,5%1,1%1,3%
In Millions of US$
Description2013201420152016201720182019*
STOCK DEBIT (JAPAN)212,3634,1960,9900,1848,1857,7828,4
TOTAL STOCK DEBIT28.178,135.933,1278,7400,843.390,6981,746.877,6
JAPAN`S SHARE0,8%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$
Description2013
CreditDebitBalance
JAPAN0,00,40,0
TOTAL REMITTANCES36,61.725,7-1.689,0
JAPAN`S SHARE0,1%0,0%0,0%
Source: BNA
*Preliminary data through April
In Millions of US$
Description2014
CreditDebitBalance
JAPAN0,00,20,0
TOTAL REMITTANCES31,01.447,8-1.416,8
JAPAN`S SHARE0,2%0,0%0,0%
In Millions of US$
Description2015
CreditDebitBalance
JAPAN0,00,00,0
TOTAL REMITTANCES11,1311,2-300,0
JAPAN`S SHARE0,1%0,0%0,0%
In Millions of US$
Description2016
CreditDebitBalance
JAPAN0,00,00,0
TOTAL REMITTANCES4,071,3-67,3
JAPAN`S SHARE0,0%0,0%0,0%
In Millions of US$
Description2017
CreditDebitBalance
JAPAN0,00,00,0
TOTAL REMITTANCES1,4110,7-109,2
JAPAN`S SHARE0,1%0,0%0,0%
In Millions of US$
Description2018
CreditDebitBalance
JAPAN0,00,00,0
TOTAL REMITTANCES1,520,9-19,4
JAPAN`S SHARE0,2%0,0%0,0%
In Millions of US$
Description2019*
CreditDebitBalance
JAPAN0,00,00,0
TOTAL REMITTANCES1,027,6-26,6
JAPAN`S SHARE0,1%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.

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