Overview In 2019 Cameroon was the number 92 economy in the world in terms of GDP (current US$), the number 114 in total exports, the number 125 in total imports, the number 152 economy in terms of GDP per capita (current US$) and the number 129 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Cameroon are Crude Petroleum ($1.89B), Cocoa Beans ($647M), Sawn Wood ($518M), Gold ($454M), and Petroleum Gas ($404M), exporting mostly to China ($906M), Netherlands ($702M), Italy ($476M), United Arab Emirates ($397M), and India ($381M).

Imports The top imports of Cameroon are Crude Petroleum ($347M), Scrap Vessels ($332M), Rice ($323M), Special Purpose Ships ($216M), and Packaged Medicaments ($169M), importing mostly from China ($1.68B), Nigeria ($889M), France ($567M), Belgium ($334M), and Thailand ($237M).

Location Cameroon borders Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, Gabon, and Nigeria by land.

Historical Data

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Yearly Exports

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Top Export (2019): Crude Petroleum, $1.89B

Top Destination (2019): China, $906M

In 2019, Cameroon exported a total of $5.21B, making it the number 114 exporter in the world. During the last five reported years the exports of Cameroon have changed by -$672M from $5.88B in 2014 to $5.21B in 2019.

The most recent exports are led by Crude Petroleum ($1.89B), Cocoa Beans ($647M), Sawn Wood ($518M), Gold ($454M), and Petroleum Gas ($404M). The most common destination for the exports of Cameroon are China ($906M), Netherlands ($702M), Italy ($476M), United Arab Emirates ($397M), and India ($381M).

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Yearly Imports

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Top Import (2019): Crude Petroleum, $347M

Top Origin (2019): China, $1.68B

In 2019 Cameroon imported $6.07B, making it the number 125 trade destination in the world. During the last five reported years the imports of Cameroon changed by -$2.42B from $8.49B in 2014 to $6.07B in 2019.

The most recent imports of Cameroon are led by Crude Petroleum ($347M), Scrap Vessels ($332M), Rice ($323M), Special Purpose Ships ($216M), and Packaged Medicaments ($169M). The most common import partners for Cameroon are China ($1.68B), Nigeria ($889M), France ($567M), Belgium ($334M), and Thailand ($237M).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

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).

Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Cameroon are Acrylic & vinyl polymer based paint, varnish, in wate (30%) and Acrylic or vinyl polymer paint or varnish, non-aqueou (30%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

*The tariffs applied to imports for Cameroon are:
136: Most Favoured Nation duty rate treatement
203: Preferential tariff for Economic and Monetary Community of Central Africa (French: Communauté économique et monétaire de l'Afrique centrale (CEMAC))

Economic Complexity

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Most Specialized Products by RCA Index

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Cameroon has a high level of specialization in Cocoa Beans (235), Bananas (65), Rough Wood (57.8), Cocoa Paste (55.4), and Veneer Sheets (52.9). Specialization is measured using RCA, an index that takes the ratio between Cameroon observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Cameroon according to the product complexity index (PCI) are Fruits and nuts, uncooked boiled or steamed, frozen (-0.43), Soups, broths and homogenized food preparations (-0.48), Passenger and goods transport ships, boats (-0.49), Cocoa paste (-0.59), and Earth or snow moving, boring or pile driving machines (-0.59). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Cameroon according to the relatedness index, are Coconuts, Brazil Nuts, and Cashews (0.083), Maté (0.077), Manganese Ore (0.074), Palm Oil (0.074), and Niobium, Tantalum, Vanadium and Zirconium Ore (0.072). 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 it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of Cameroon. These are products that tend to be co-exported with the products that Cameroon exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.

Economic Complexity Ranking

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During the last 20 years Cameroon's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨101st to the 129th⁩ 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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