Forecast: Transport Services Exports in Angola

Transport services exports in Angola witnessed a significant increase from 2013 to 2022. The values surged notably in the periods of 2016, 2019, and 2020. The peak was reached in 2022 with a substantial year-on-year growth of 49.86%, marking a striking upward trend overall in recent years. However, by 2023, the export value saw a slight decline of 9.25%, closing at 21.32 units.

Over the last five years, the compound annual growth rate (CAGR) was 36.98%, reflecting robust expansion. However, from 2024 onwards, the forecasted data indicates a period of stabilization and slight decline, with a projected five-year CAGR of -0.43%, predicting minor adjustment towards 20.73 units by 2028.

Future trends to watch for include:

- Potential policy changes that may impact transport services and trade.

- Global economic conditions and their effect on export demand.

- Technological advancements and subsequent efficiency improvements in transport services.

- Regional economic integration that could foster or hinder export growth.