Cameroon’s main export partners are China, the Netherlands, Italy, France, and Spain. Its main import suppliers are China, France, Thailand, Togo, and Nigeria. Cameroon signed a free trade agreement with the European Union in August 2016.
What countries do Cameroon trade with?
Cameroon trade balance, exports and imports by country
In 2017, Cameroon major trading partner countries for exports were Italy, China, France, Netherlands and Spain and for imports they were China, France, Thailand, Togo and Nigeria.
What does Cameroon export to other countries?
Economy of Cameroon
|Exports||$4.732 billion (2017 est.)|
|Export goods||crude oil and petroleum products, lumber, cocoa beans, aluminium, coffee, cotton|
|Main export partners||Netherlands 15.6% France 12.6% China 11.7% Belgium 6.8% Italy 6.3% Algeria 4.8% Malaysia 4.4% (2017)|
|Imports||$4.812 billion (2017 est.)|
What does Cameroon import most?
Cameroon’s main imports are cereals, fish and capital equipment. Cameroon’s main import partners are China and France with 17 percent of imports each. Others include: Nigeria, Belgium, Italy and United States.
Does the US trade with Cameroon?
U.S.-Cameroon Trade Facts
Cameroon is currently our 115th largest goods trading partner with $531 million in total (two way) goods trade during 2019. Goods exports totaled $200 million; goods imports totaled $330 million. The U.S. goods trade deficit with Cameroon was $130 million in 2019.
Which market is the biggest market in Cameroon?
Marché Central Douala
The Marché Central is one of the biggest in the Central African sub-region.
What is Cameroon famous for producing?
Cameroon is well known for its climatic, geographic and ecological diversity, which enables farmers to grow a wide variety of crops. The most frequently cultivated export crops on Cameroonian organic farms are bananas, pineapples, avocadoes, mangoes, papayas, coffee and cocoa.
What does Cameroon mainly export?
Central Africa’s main exports are oil (over 42% of Central Africa exports), raw minerals (copper), wood, diamonds, aluminium, and agricultural tropical products (cocoa, bananas, rubber, coffee). Agricultural products (raw and processed) are mainly exported by Cameroon.
Is Cameroon richer than Philippines?
Philippines has a GDP per capita of $8,400 as of 2017, while in Cameroon, the GDP per capita is $3,700 as of 2017.
Who can import in Cameroon?
As a general rule, any natural or legal person may import goods. But according to their nature, certain goods for import may be subject to an authorization, license, rules of quality or packaging or special formalities. Art. 51 of the CEMAC Customs Code.
How does Cameroon make money?
Cameroon’s market-based, diversified economy features oil and gas, timber, aluminum, agriculture, mining and the service sector. Oil remains Cameroon’s main export commodity, and despite falling global oil prices, still accounts for nearly 40% of exports.
What is Cameroons biggest export?
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).
Is the US allies with Cameroon?
The United States established diplomatic relations with Cameroon in 1960, following the independence of the French-administered part of the country. … Cameroon plays a key role in regional stability and remains a regional partner in countering terrorism in the Lake Chad Region.
Who are Cameroon’s allies?
Cameroon is a member of both the Commonwealth of Nations and La Francophonie. Its foreign policy closely follows that of its main ally, France (one of its former colonial rulers). Cameroon relies heavily on France for its defence, although military spending is high in comparison to other sectors of government.
What is the Cameroon currency?
The XAF (Central African CFA Franc) is the official currency of six central African countries: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon. The currency is backed by the French treasury and pegged to the euro.