Cameroon registers drop of 32% in its commercial deficit as at end September 2016
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Comments - Friday, 25 November 2016 03:28
(Business in Cameroon) - Statistics from the Cameroonian Customs on the first 9 months of 2016 reveal a drop in the commercial deficit of the country with its external commercial partners of about 32%, revealed the Payment Balance National Technical Committee at the Ministry of Finance.
Over the same period, we learned, export revenues decreased by 20%, while import expenditure was lowered by 24%. This last piece of statistics should be confirmed throughout the full year 2016, due to, we learned, a drop in the rice and cement exports.
As a reminder, over the 2013-2015 period, the commercial deficit of Cameroon increased by FCfa 137 billion, moving from FCfa 557 to 693.9 billion. This was mainly due to massive imports le products such as rice and frozen fish.
BRM
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