Garoua, on the Benoué River, is the main river port, but it is active only from July to September.In 2005, Cameroon's merchant fleet consisted of one petroleum tanker, totalling 169,593 GRT. exports, while aluminum (6%) led mineral exports.
The second exported is Wood Sawn, which accounts for 2.25%. Others include: natural gas, cocoa beans, coffee, cotton, aluminium and gold. Cameroon: Major export destinationsEncyclopædia Britannica, Inc.; Services, labour, and taxation. However, the agriculture industry is still playing a significant role in the country, and in the 1970s approximately 9/10 of the country's working population were employed in agriculture, and 30 years later the ratio has fallen to about half. Crude petroleum was the most expensive export from Cameroon (35%) in 1999, ending up primarily in France. Oil remains Cameroon’s main export commodity, and despite falling global oil prices, still accounts for nearly 40% of exports. Between 2004 and 2008 the country managed to reduce public debt from 60% of the GDP to less than 10% and its official reserves have doubled tenfold to more than $3 billion. Cameroon has good tourism potential because of its varied natural assets and rich cultural heritage, but the industry is quite limited. The falling prices worsened this in the country’s export commodities, particularly cotton, cocoa, and oil. The economy depends on oil for about 40 percent of export earnings. Relatedness measures the distance between a country's current exports and each product. Overview: In 2018 Burkina Faso was the number 128 economy in the world in terms of GDP (current US$), the number 110 in total exports, the number 141 in total imports, and the number 129 most complex economy according to the Economic Complexity Index (ECI).In 2018, Burkina Faso exported $5.68B and imported $4.05B, resulting in a positive trade balance of $1.64B. In the initial aftermath of independence, the country had strong economic growth with the GDP growing at an average of 4% annually. Cameroon’s main export partner is the European Union (45 percent of total exports). The vast majority of tourists visiting Cameroon arrive from France. Cameroon has blocked cereals exports, including millet and corn, to Nigeria as a food security measure after a production drop. In 2014 the unemployment rate in the country at about 4.4% and almost a third of the country's population was living below the poverty line of under $1.25 a day.Cameroon started following programs as advised by the IMF and World Bank starting from the 1980s which promoted privatization of industries reducing poverty, and increasing economic growth. follows: The country has taken steps to encourage the growth of tourism in the country. Trade balance of Cameroon 2019.
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). The major industries in Cameroon include agriculture, mining, manufacturing, trade, and transport among others.In Cameroon, there has been a gradual decline in the significance of agriculture as a contributor to the GDP, mainly due to the growth of the oil industry which began in the 1980s. According to the statistics of CIA FactBook, Cameroon exported US$13,148 million worth of goods around the world in 2018. Merchandise Trade statistics for Cameroon (CMR) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. National debt of Cameroon … The Trading Economics Application Programming Interface (API) provides direct access to our data. Some of the industries in the country include Edea aluminum smelter which imports most of the bauxite and smelts to finished products. Cameroon's export-import volume either remained stable, or Among all the top products exported from Cameroon, Crude Oil contributes to 20.09% of total trade value, equal to US$2,641,976 thousand. Updated November 17, 2019. Others include: China and United States. Principal trading partners in 1998 (in millions of US dollars) were as Cameroon’s market-based, diversified economy features oil and gas, timber, aluminum, agriculture, mining and the service sector. Meanwhile, coffee export revenues fell by 30.1%. Cameroon is among the largest producers of cocoa in the world, and in 1999 it produced cocoa … 2001-2019 Data | 2020-2022 Forecast | Historical | Chart | NewsDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Oil is the main export from the Central African countries to the EU (45%). According to the statistics of CIA FactBook, Cameroon exported US$13,148 million worth of goods around the world in 2018.