Flag Cameroon

Econ Complexity (2018): -1.18, Rank 118 of 137

Product Exports (2018): $4.26B, Rank 116 of 222

Exports Per Capita (2018): $169, Rank 27 of 219

Product Imports (2018): $5.51B, Rank 128 of 221

Imports Per Capita (2018): $219, Rank 34 of 219

Service Exports (2018): $2.12B, Rank 54 of 88

Service Imports (2018): $2.7B, Rank 54 of 88

GDP (2018): $38.7B, CURRENT US$
Rank 97 of 196

GDP growth (2008 - 2018): 46.4%, CURRENT US$
Rank 85 of 196

GDP PC (2018): $1,534, CURRENT US$
Rank 159 of 196

GDP PC GROWTH (2008 - 2018): 11.8%, CURRENT US$
Rank 118 of 196

Overview: This page contains the latest international trade data for Cameroon, including service trade data, and tariffs. In 2018 Cameroon was the number 97 economy in the world in terms of GDP (current US$), the number 116 in total exports, the number 128 in total imports, and the number 118 most complex economy according to the Economic Complexity Index (ECI). In 2018, Cameroon exported $4.26B and imported $5.51B, resulting in a negative trade balance of -$1.25B. In 2018, Cameroon's exports per capita were $169 and its imports per capita were $219.

Trade: The top exports of Cameroon are Crude Petroleum ($1.5B), Cocoa Beans ($492M), Sawn Wood ($459M), Gold ($415M), and Bananas ($271M). The top imports of Cameroon are Rice ($199M), Refined Petroleum ($191M), Non-fillet Frozen Fish ($155M), Packaged Medicaments ($154M), and Wheat ($151M).

Destinations: Cameroon exports mostly to China ($999M), Italy ($494M), United Arab Emirates ($425M), France ($399M), and Netherlands ($341M), and imports mostly from China ($1.71B), France ($562M), Belgium-Luxembourg ($368M), Italy ($239M), and Thailand ($189M).

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

Yearly Exports

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Top Export (2018): Crude Petroleum, $1.5B

Top Destination (2018): China, $999M

In 2018 Cameroon exported a total of $4.26B, making it the number 116 exporter in the world. During the last five reported years the exports of Cameroon have changed by -$392M from $4.66B in 2013 to $4.26B in 2018.

The most recent exports are led by Crude Petroleum ($1.5B), Cocoa Beans ($492M), Sawn Wood ($459M), Gold ($415M), and Bananas ($271M). The most common destination for the exports of Cameroon are China ($999M), Italy ($494M), United Arab Emirates ($425M), France ($399M), and Netherlands ($341M).

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Yearly Imports

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Top Import (2018): Rice, $199M

Top Origin (2018): China, $1.71B

In 2018 Cameroon imported $5.51B, making it the number 128 trade destination in the world. During the last five reported years the imports of Cameroon changed by -$2.04B from $7.56B in 2013 to $5.51B in 2018.

The most recent imports of Cameroon are led by Rice ($199M), Refined Petroleum ($191M), Non-fillet Frozen Fish ($155M), Packaged Medicaments ($154M), and Wheat ($151M). The most common import partners for Cameroon are China ($1.71B), France ($562M), Belgium-Luxembourg ($368M), Italy ($239M), and Thailand ($189M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

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).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Cameroon. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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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.

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*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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Economic Complexity Ranking

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During the last 20 years Cameroon's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨99th to the 118th⁩ 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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Most Specialized Products by RCA Index

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Cameroon has a high level of specialization in Cocoa Beans (231), Bananas (83.7), Cocoa Paste (74.7), Cocoa Butter (63.9), and Rough Wood (63.4). 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 Glass bottles, flasks, jars, phials, stoppers, etc (-0.36), Fruits and nuts, uncooked boiled or steamed, frozen (-0.52), Cocoa paste (-0.58), Vegetables (uncooked, steamed, boiled) frozen (-0.66), and Ornaments of wood, jewel, cutlery caskets and cases (-0.7). 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 (0.084), Palm Oil (0.081), Tin Ores (0.077), Crustaceans (0.073), and Aluminium Ore (0.073). 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.

Diversification Frontier

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Depth

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.