Cameroon2021 Economic Complexity : -1.36, Rank 121 of 131
2021 Product Exports | Imports: $4.92B | $7.96B, 121 of 226 | 117 of 226
2021 Per Capita Product Exports | Imports: $181 | $293, 186 of 219 | 196 of 219
2018 Service Exports | Imports : $2.12B | $2.7B, 92 of 138 | 92 of 138
Overview In 2021, Cameroon was the number 86 economy in the world in terms of GDP (current US$), the number 121 in total exports, the number 117 in total imports, the number 147 economy in terms of GDP per capita (current US$) and the number 121 most complex economy according to the Economic Complexity Index (ECI) .
Exports The top exports of Cameroon are Crude Petroleum ($1.87B), Petroleum Gas ($795M), Cocoa Beans ($563M), Sawn Wood ($437M), and Gold ($312M), exporting mostly to China ($1.43B), Netherlands ($668M), India ($421M), Italy ($350M), and United Arab Emirates ($278M).
Imports The top imports of Cameroon are Special Purpose Ships ($495M), Refined Petroleum ($382M), Other Furniture ($333M), Rice ($327M), and Wheat ($256M), importing mostly from China ($2.71B), France ($621M), Nigeria ($551M), India ($391M), and Russia ($308M).
Location Cameroon borders Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, Gabon, and Nigeria by land.
The following section uses the most recent trade data from partners of Cameroon.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Top Export (2021): Crude Petroleum, $1.87B
Top Destination (2021): China, $1.43B
In 2021, Cameroon exported a total of $4.92B, making it the number 121 exporter in the world. During the last five reported years the exports of Cameroon have changed by $1.09B from $3.84B in 2016 to $4.92B in 2021.
The most recent exports are led by Crude Petroleum ($1.87B), Petroleum Gas ($795M), Cocoa Beans ($563M), Sawn Wood ($437M), and Gold ($312M). The most common destination for the exports of Cameroon are China ($1.43B), Netherlands ($668M), India ($421M), Italy ($350M), and United Arab Emirates ($278M).
Fastest Growing Export Markets (2020 - 2021)
Cameroon Exports Services (2018): $2.12B
Cameroon Imports Services (2018): $2.7B
In 2018, Cameroon exported $2.12B worth of services. The top services exported by Cameroon in 2018 were Transportation ($666M), Personal travel ($348M), Other business services ($310M), Business travel ($233M), and Computer and information services ($144M).
The top services imported by Cameroon in 2018 were Transportation ($989M), Other business services ($566M), Personal travel ($375M), Business travel ($312M), and Insurance services ($142M).
Cameroon has a high level of specialization in Cocoa Beans (251), Cocoa Paste (83.7), Cocoa Butter (74.9), Rough Wood (45.7), and Veneer Sheets (40.3). Specialization is measured using RCA, an index that takes the ratio between Cameroon observed and expected exports in each product.
The highest complexity exports of Cameroon according to the product complexity index (PCI) are Soups and Broths (-0.52), Hypochlorites (-0.56), Veneer Sheets (-0.61), Cocoa Paste (-0.66), and Frozen Vegetables (-0.8). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Cameroon according to the relatedness index, were Manganese Ore (0.079), Tin Ores (0.078), Coconuts, Brazil Nuts, and Cashews (0.072), Palm Oil (0.069), and Niobium, Tantalum, Vanadium and Zirconium Ore (0.066). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Cameroon is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.
During the last 20 years Cameroon's economy has become relatively less complex, moving from the 85th to the 121st position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
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