Cameroon (CMR) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Cameroon-Spain Trade: In 2022, Cameroon exported $683M to Spain. The main products that Cameroon exported to Spain were Petroleum Gas ($320M), Crude Petroleum ($256M), and Cocoa Beans ($26.2M). Over the past 5 years the exports of Cameroon to Spain have increased at an annualized rate of 14.6%, from $345M in 2017 to $683M in 2022.

In 2022, Cameroon did not export any services to Spain.

Spain-Cameroon Trade: In 2022, Spain exported $124M to Cameroon. The main products that Spain exported to Cameroon were Refined Petroleum ($10.6M), Electric Motors ($8.46M), and Cement ($5.41M). Over the past 5 years the exports of Spain to Cameroon have decreased at an annualized rate of 1.59%, from $154M in 2017 to $124M in 2022.

In 2022, Spain did not export any services to Cameroon.

Comparison: In 2022, Cameroon ranked 113 in the Economic Complexity Index (ECI -1.01), and 117 in total exports ($6.95B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cameroon exported $683M to Spain. The main products exported from Cameroon to Spain were Petroleum Gas ($320M), Crude Petroleum ($256M), and Cocoa Beans ($26.2M). During the last 5 years the exports of Cameroon to Spain have increased at an annualized rate of 14.6%, from $345M in 2017 to $683M in 2022.

In 2017, Spain exported $124M to Cameroon. The main products exported from Spain to Cameroon were Refined Petroleum ($10.6M), Electric Motors ($8.46M), and Cement ($5.41M). During the last 5 years the exports of Spain to Cameroon have decreased at an annualized rate of 1.59%, from $154M in 2022 to $124M in 2017.

Exports from Cameroon () to Spain () (2022)

Exports from Spain () to Cameroon () (2022)

Latest Data

Trade between Cameroon () and Spain ()

Cameroon Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cameroon
Top DestinationNetherlands$1.31B

Spain
Top DestinationFrance$65.2B

This map shows whether countries import more from Cameroon or Spain. Each country is colored based on the difference in imports they receive from Cameroon and Spain or the difference in the growth in imports.

In 2022, countries that imported more from Cameroon than Spain included Central African Republic ($243M).

In 2022, countries that imported more from Spain than Cameroon included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

Difference in imports from Spain () and Cameroon () (2022)

Comparative Advantage Cameroon - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Cameroon and Spain by product, considering products traded by both, Cameroon and Spain.

During 2022, Cameroon had a large net trade with Spain in the exports of Mineral Products ($576M), Foodstuffs ($39.1M), and Wood Products ($22.6M).

During 2017, Spain had a large net trade with Cameroon in the exports of Machines ($31.5M), Mineral Products ($20.5M), and Foodstuffs ($13.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Cameroon Spain+$198MCrude Petroleum

Top Product Potential Spain Cameroon+$10.1MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Cameroon and Spain. This means that a dot/product with the flag of Cameroon indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Cameroon.

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Historical Data

Bilateral Trade by Products

Exports from Cameroon () to Spain () (2022)

Exports from Spain () to Cameroon () (2022)

Latest Data

Trade between Cameroon () and Spain ()

Cameroon Exports

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Cameroon () (2022)

Comparative Advantage Cameroon - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Cameroon () and Spain () (2022)

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