The prices of goods exported by Angola in December last year recorded a decrease of 0.99% compared to the previous month, according to the National Statistics Institute (INE).
In the Export and Import Price Index Bulletin, published on Wednesday, January 4, the INE details that the product groups that contributed to the change in export prices were ‘Mineral Fuels’, with -0.98%, and ‘Pearls; Precious Stones and Metals, Jewellery’, with -0.01 percentage points.
Regarding foreign sales, data from the country’s official statistics body reveal that the prices of imported goods increased by 0.7% in the last month of 2024, compared to the value recorded in November of the same year.
Among the main product groups that contributed positively to the increase in import prices were ‘Food Products’, with 0.653 percentage points, ‘Chemical Products’, with 0.646%, and ‘Other Products’, with 0.258 percentage points.
During the same period, according to the document consulted by Economia & Mercado magazine, there was a decrease in the terms of trade index, with a variation of -1.7% compared to the previous month, falling from 96.3 in August to 94.7 in December 2024.
Year-on-year, the terms of trade index recorded a variation of -12.16%, falling from 107.8 in December 2023 to 94.7 in December 2024, the National Statistics Institute emphasized.
Source: Economia & Mercado
