Angola and the United Arab Emirates recorded $2.1 billion in non-oil trade in 2024, a significant jump driven by diamond exports and logistics services.
The figures highlight the accelerating economic diversification efforts in Luanda, which has long sought to reduce its reliance on hydrocarbon revenues amid volatile global energy markets.
The deal sets an ambitious target of reaching $10 billion in annual bilateral trade by 2033.
The trade expansion is underpinned by a Comprehensive Economic Partnership Agreement (CEPA) between the two nations.
The deal sets an ambitious target of reaching $10 billion in annual bilateral trade by 2033.
While the agreement covers a broad spectrum of sectors, the current growth is heavily concentrated in high-value commodities like diamonds and the development of logistics infrastructure.
For energy markets, the development signals a structural shift in Angola's economic priorities rather than an immediate supply-side shock.