Overview In 2020, Cameroon was the number 91 economy in the world in terms of GDP (current US$), the number 126 in total exports, the number 115 in total imports, the number 159 economy in terms of GDP per capita (current US$) and the number 121 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Cameroon are Crude Petroleum ($1.46B), Cocoa Beans ($590M), Sawn Wood ($400M), Petroleum Gas ($234M), and Rough Wood ($194M), exporting mostly to China ($664M), Netherlands ($577M), United States ($402M), India ($315M), and Italy ($248M).

Imports The top imports of Cameroon are Scrap Vessels ($939M), Special Purpose Ships ($294M), Rice ($233M), Packaged Medicaments ($196M), and Wheat ($183M), importing mostly from China ($2.02B), Nigeria ($1.21B), France ($580M), India ($254M), and United Arab Emirates ($229M).

In 2020, Cameroon was the world's biggest importer of Scrap Vessels ($939M)

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

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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.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Top Export (2020): Crude Petroleum, $1.46B

Top Destination (2020): China, $2.02B

In 2020, Cameroon exported a total of $3.69B, making it the number 126 exporter in the world. During the last five reported years the exports of Cameroon have changed by -$1.06B from $4.76B in 2015 to $3.69B in 2020.

The most recent exports are led by Crude Petroleum ($1.46B), Cocoa Beans ($590M), Sawn Wood ($400M), Petroleum Gas ($234M), and Rough Wood ($194M). The most common destination for the exports of Cameroon are China ($664M), Netherlands ($577M), United States ($402M), India ($315M), and Italy ($248M).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

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).

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 (314), Cocoa Butter (84.8), Cocoa Paste (76.6), Rough Wood (66.7), and Veneer Sheets (55.1). Specialization is measured using RCA, an index that takes the ratio between Cameroon observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Cameroon according to the relatedness index, are Palm Oil (0.076), Manganese Ore (0.067), Coconut Oil (0.066), Coconuts, Brazil Nuts, and Cashews (0.066), and Other Oily Seeds (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.

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 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.

Economic Complexity Ranking

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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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