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Foreign Trade in Figures

Cameroon is open to international trade. It is a member of the Commonwealth, the CEMAC (Central African Economic and Monetary Community), the Economic Community of Central African States (ECCAS), and has signed the African Continental Free Trade Agreement. The ratio of trade to GDP is around 33% (World Bank, 2020).

Its main export commodities are fuel (oil, gas), minerals (coal, aluminium), wood, cocoa, cotton, and rubber. Cameroon mainly imports mineral fuels and oil, food (rice, wheat, fish, etc.), medicines, and manufactured products (vehicles, machinery, electrical and electronic equipment). Cameroon’s main export partners are China, Italy, the Netherlands, France, Spain and India. Its main import suppliers are China, France, Nigeria, the Netherlands, Thailand, the United States and Togo. Cameroon signed a free trade agreement with the European Union in August 2016. For some years now, Eastern Asian countries (especially China, Japan, India, and Thailand) have been reinforcing their trade ties with Cameroon.

Cameroon's trade balance is structurally negative. According to WTO, in 2020, Cameroon recorded a trade deficit of nearly USD 2 billion. The same source stated that the country imported USD 5.4 billion worth of goods against USD 3.4 billion for exports. Service exports generated 1.55 billion USD while service imports amounted to 2.24 billion USD.

 
Foreign Trade Values 20162017201820192020
Imports of Goods (million USD) 6,5455,2475,6565,6465,364
Exports of Goods (million USD) 3,3063,2333,8034,0843,385
Imports of Services (million USD) n/a2,3802,6412,7722,241
Exports of Services (million USD) n/a1,8412,0052,1031,552

Source: World Trade Organisation (WTO) ; Latest available data

Foreign Trade Indicators 20162017201820192020
Foreign Trade (in % of GDP) 43.241.243.044.936.6
Trade Balance (million USD) -237-227-533-737n/a
Trade Balance (Including Service) (million USD) -829-723-1,121-1,355n/a
Imports of Goods and Services (Annual % Change) -1.5-0.68.110.60.4
Exports of Goods and Services (Annual % Change) -0.6-1.62.35.0-6.7
Imports of Goods and Services (in % of GDP) 24.022.623.724.721.2
Exports of Goods and Services (in % of GDP) 19.218.619.320.215.4

Source: World Bank ; Latest available data

Foreign Trade Forecasts 20212022 (e)2023 (e)2024 (e)2025 (e)
Volume of exports of goods and services (Annual % change) -3.118.111.910.610.1
Volume of imports of goods and services (Annual % change) 5.610.24.75.04.2

Source: IMF, World Economic Outlook ; Latest available data

Note: (e) Estimated Data

 
International Economic Cooperation
Cameroon is open to a large extent to international trade. It is a member of the Commonwealth as well as that of the Franc Zone. In order to facilitate trade relations, these countries have signed treaties and agreements to simplify trade. In this way Cameroon has signed agreement with the European Union.

It should also be noted that Cameroon also has trade agreements with countries such as Tunisia, Nigeria and China.

 
 
 

Main Products

n/a bn USD of products exported in 2017
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals, crude 0.0%
Cocoa beans, whole or broken, raw or roastedCocoa beans, whole or broken, raw or roasted 0.0%
Wood sawn or chipped lengthwise, sliced or barked,...Wood sawn or chipped lengthwise, sliced or barked, whether or not planed, sanded or end-jointed, of a thickness of > 6 mm 0.0%
Wood in the rough, whether or not stripped of bark...Wood in the rough, whether or not stripped of bark or sapwood, or roughly squared (excl. rough-cut wood for walking sticks, umbrellas, tool shafts and the like; wood in the form of railway sleepers; wood cut into boards or beams, etc.) 0.0%
Cotton, neither carded nor combedCotton, neither carded nor combed 0.0%
See More Products 100.0%
n/a bn USD of products imported in 2017
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 0.0%
RiceRice 0.0%
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals, crude 0.0%
Frozen fish (excl. fish fillets and other fish...Frozen fish (excl. fish fillets and other fish meat of heading 0304) 0.0%
Medicaments consisting of mixed or unmixed...Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses incl. those in the form of transdermal administration or in forms or packings for retail sale (excl. goods of heading 3002, 3005 or 3006) 0.0%
See More Products 100.0%

Source: Comtrade, 2022. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

 
 

To go further, check out our service Import Export Flows.

 

Main Services

Source: United Nations Statistics Division, 2022. Because of rounding, the sum of the percentages may be smaller/greater than 100%.

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Actualitzacions: October 2022

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