Crude Petroleum in Cameroon

EXPORTS (2018): $1.5B, World Rnk 38 / 120
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TOP DESTINATION (2018): $564M, China

FASTEST GROWING MARKET (2017 - 2018): $330M, China

IMPORTS (2017): $220M, World Rnk 69 / 130
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TOP ORIGIN (2017): $202M, Nigeria

FASTEST GROWING ORIGIN (2016 - 2017): $18M, Equatorial Guinea

ECONOMIC COMPLEXITY of Cameroon (2018): -1.18, Rnk 118 / 137

PRODUCT COMPLEXITY  IN Crude Petroleum (2018): -2.84, Rnk 1018 / 1018

Overview: This page contains the latest trade data of Crude Petroleum in Cameroon.

Exports: In 2018, Cameroon exported $1.5B in Crude Petroleum, making it the 38th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Cameroon. The main destination of Crude Petroleum exports from Cameroon are: China ($564M), Italy ($331M), Spain ($164M), India ($145M), and France ($123M).

The fastest growing export markets for Crude Petroleum of Cameroon between 2017 and 2018 were China ($330M), Italy ($118M), and United States ($43.3M).

Imports: In 2017, Cameroon imported $220M in Crude Petroleum, becoming the 69th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 4th most imported product in Cameroon. Cameroon imports Crude Petroleum primarily from: Nigeria ($202M), Equatorial Guinea ($18M), Germany ($7.7k), Belgium-Luxembourg ($7.62k), and France ($2.44k).

The fastest growing import markets in Crude Petroleum for Cameroon between 2016 and 2017 were Equatorial Guinea ($18M), Germany ($7.7k), and Belgium-Luxembourg ($7.62k).

Tariffs: In 2014, the average tariff for Cameroon in Crude Petroleum was 7.36%. The countries with the highest import tariffs for Crude Petroleum were Angola (7.5%), Burundi (7.5%), Benin (7.5%), Burkina Faso (7.5%), and Botswana (7.5%).

Value

EXPORTS (2018): $1.5B

IMPORTS (2017): $220M

NET TRADE (2018): $1.5B

In 2018, Cameroon exported $1.5B in Crude Petroleum. The main destinations of Cameroon exports on Crude Petroleum were China ($564M), Italy ($331M), Spain ($164M), India ($145M), and France ($123M).

In 2017, Cameroon imported $220M in Crude Petroleum, mainly from Nigeria ($202M), Equatorial Guinea ($18M), Germany ($7.7k), Belgium-Luxembourg ($7.62k), and France ($2.44k).

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IN 2018, Cameroon HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

  • China, $564M ($564M - $0)
  • Italy, $331M ($331M - $0)
  • Spain, $164M ($164M - $0)

IN 2017, Cameroon HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

  • Nigeria, -$202M ($0 - $202M)
  • Equatorial Guinea, -$18M ($0 - $18M)
  • Belgium-Luxembourg, -$7.62k ($0 - $7.62k)
Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Cameroon WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Cameroon WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Cameroon's main exporting competitors in Crude Petroleum were:

In 2018, Cameroon's main importing competitors in Crude Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Crude Petroleum in Cameroon. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2014, the average tariff for Cameroon in Crude Petroleum was 7.36%.

The countries with the highest tariffs for Crude Petroleum in Cameroon were Angola (7.5%), Burundi (7.5%), Benin (7.5%), Burkina Faso (7.5%), and Botswana (7.5%).

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