Angop - Agência de Notícias Angola Press

Quarterly imports register reduction of 28.5%

Fri, 22 May 2020 12:44 - Economy

Luanda - Angola imported, in the first three month of this year, 1.3 million tonnes of various products versus the one million and nine hundred thousand imported in the last quarter of the previous year, a variation that represents a reduction of 28,5%, informed last Tuesday the minister of Economy and Planning, Sérgio Santos.

  • Luanda Port, country's main entry point for imported goods.

Of the approximately two billion dollars intended for imports in the months of January to March this year, a quarter was for food products, another US $487 million was spent on the import of machinery, mechanical and electrical instruments, among others from the manufacturing industry, and the rest of the amounts were spent on the import of construction materials, vehicles and products derived from minerals.

Sérgio Santos, who was speaking at a meeting with the economic operators in the Industry and Commerce and Agriculture and Fisheries sectors, said that the fall in imports has also reduced 21% of the amounts spent to purchase these products abroad.

He said that the competitiveness of national production is important, especially at this stage when the world is experiencing constraints related to international trade and access to commodities and other means of import.

Despite the constraints, due to the foreign exchange and monetary components, he considered it to be a sign that national producers now have more space, a measure that will help in the growth of national production and the change in the importation structure.

To Sérgio Santos, the fall in imports will create a space for national production and an opportunity for economic agents to stop importing finished products and dedicate themselves to importing raw materials for industries.

At the meeting, economic operators presented problems such as the rise in the price of fertilizers, raw materials being imported for those who are going to use them, as well as the intention of greater cooperation between associations and businesspersons.