Cameroon trade increases in the 3rd Quarter of 2014

Trade between Cameroon and its partners registered an increase of 5% in the 3rd quarter of 2014 compared to the 2nd quarter of the same year and 3.5% YOY, according to statistics made public Tuesday by the Ministry of economy and planning.

At the level of the trade balance and YOY, the deficit is reduced by 41.2 billion FCFA thanks to the increase in exports coupled with a fall in non-oil imports. Non-petroleum deficit is reduced by 47.5 billion FCFA from the previous quarter and 61.3 billion year on year, the rate of coverage of imports by exports was 62.6% during the study period.

In the 3rd quarter of 2014, and from the previous quarter, Cameroonian exports grew 9.8%, a trend largely due to sales of coffee, raw cocoa beans, wood, unwrought aluminium and crude oils. Conversely, the economy has been sluggish for Palm oil (11.7%) in quantity and 18.9% in value, raw rubber (-26,4%;-44,5%) and raw cotton (-50,1%;-54,6%).

YOY, Cameroonian exports increased 8.9% through raw petroleum oils (54% of total exports), wood and wood works (12.5%, of which 7.2% for sawn wood), raw cocoa beans (7.8%), fuels and lubricants (5.1%), unwrought aluminium (2.3%), raw cotton (2.1%) and coffee (1.9%).