BUSINESSTHE RIO TIMES
Angola Oil Revenue Hits US$8.91B as China Buys over Half
Angola generated US$8.91 billion from crude exports in Q2 2026, a 54.71% increase year-on-year. China accounted for 51.67% of Angola's crude oil cargoes during the period.
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Adjacent reporting
- Angola’s Oil Export Revenue Falls 22% to $24.4 Billion in 2025
- Chinese firms invest $900 million into new Angolan port
- Angola–UAE Non-Oil Trade Hits $2.1 Billion as Diversification Push Accelerates
- Petrobras Exports Surge as China Cuts Brazil Oil Buys
- Rio de Janeiro Posts $11.8bn Trade Surplus as Oil Powers Exports
- Angola Embraces China’s Yuan in Banking Reserve and Payment Shift