Cameroon - International trade

During the 1990s Cameroon consistently ran trade surpluses , though these varied according to commodity prices. In 1999, for example, exported goods totaled almost US$2 billion, while imported goods amounted to almost US$1.5 billion. A surge in oil prices contributed to a 30 percent rise in the value of Cameroon's exports during the late 1990s. At the same time, lower revenues from cocoa and rubber were offset by increased revenues from coffee, cotton, and aluminum. In 1999-2000, oil provided nearly half of the country's export revenues, while agricultural products provided an additional 25 percent, lumber 16 percent, and aluminum 5 percent.

The European Union is Cameroon's biggest trading partner. It supplies most of Cameroon's imports, while receiving over 80 percent of its exports. All of Cameroon's principal exports—including oil, coffee, cocoa, bananas, cotton, lumber, and aluminum—travel primarily to European ports. In 1999-2000, 22 percent of Cameroon's exports went to Italy and another 16 percent to France. Cameroon also exports a variety of fruits, vegetables, and manufactured goods to neighboring countries. France has historically supplied the largest share of Cameroon's imports, which include machinery, processed food products,

Trade (expressed in billions of US$): Cameroon
Exports Imports
1975 .447 .599
1980 1.384 1.602
1985 .722 1.151
1990 2.002 1.400
1995 1.651 1.199
1998 N/A N/A
SOURCE : International Monetary Fund. International Financial Statistics Yearbook 1999.

and a range of other consumer goods. Although Cameroon exports crude and refined oil, it also imports fuel for its domestic needs. Fuel accounted for 20 percent of imports in 1999. Most of this fuel is imported and distributed by 4 international firms: TotalFinaElf, Mobil, Shell, and Texaco, while other goods are imported by a variety of trading firms and industrial companies.

Also read article about Cameroon from Wikipedia

User Contributions:

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Jan 8, 2011 @ 10:10 am
I WILL LOVE TO KNOW MORE ABOUT WHAT GOES ON IN MA COUNTRY AS CONCERNS INTERNATIONAL TRADE.
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Jan 18, 2011 @ 1:01 am
I THINK CAMEROON IS MAKING PROGRESS ON HER TRADING ACTIVITIES WITH OTHER COUNTRIES
samir salem
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Feb 3, 2011 @ 11:23 pm
WHAT IS THE MAIN AGRICULTURAL PRODUCTS PRODUCED AND ABLE TO EXPORT FROM CAMEROON
ALSO GIVE DETAILS REGARDING,PEANUTS,CHICK PEAS

tHANK YOU FOR THIS SITE AND APPRECIATING YOUR FULLY COOPERATION

SAMIR
chi
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Apr 7, 2011 @ 3:03 am
thanks for that info but i think more is need to feed the hungry Cameroonians i.e information. thanks and waiting for more information.
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Apr 10, 2011 @ 8:08 am
What is the main role of trade in the Cameroon economy

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