logoBC
Yaoundé - 08 December 2022 -
Economy

The EU was Cameroon’s leading buyer, worldwide, in 2019 (EU delegation)

The EU was Cameroon’s leading buyer, worldwide, in 2019 (EU delegation)
  • Comments   -   Tuesday, 27 October 2020 14:22

(Business in Cameroon) - The European Union delegation in Yaoundé recently published a report detailing  European investments in Cameroon in 2019.

According to the said report, the European Union was the leading buyer of Cameroonian products worldwide. Indeed, during the period, it bought 47.4% of the products sold by Cameroon. In the Top10, it is followed by China (13.7%), India (10.6%), the U.S (4.4%), Bangladesh (4%), Malaysia (2.6%), Chad and Vietnam (2.3% each), Senegal (1.9%), and Gabon (1.4%).

Specifically, the six European countries that bought Cameroonian products in 2019 were the Netherlands (33%), Italy (22%), Belgium (12%), Spain (11%), France (9%), and Portugal (6%).

During the period, Cameroon exported XAF1,400 billion of non-oil products to the European Union. This represents a 20% rise compared to the average amount the country exported to the EU over the past five years. The main export products were cocoa beans, banana, timber, aluminum, coffee, raw timber, cocoa butter, plywood, and caoutchouc.

S.A.

bdeac-issued-3rd-consecutive-bond-on-bvmac-seeking-cfa78-billion
The Development Bank of Central African States (BDEAC) announced the launch of its third consecutive bond issue on the Douala-based Central African Stock...
cameroon-seeks-cfa4-4bln-from-unicredit-bank-austria-for-solar-project
Cameroon wants to borrow CFA 4.46 billion from Unicredit Bank Austria. According to official information, the money will be used to carry out a public...
fitch-maintains-b-rating-for-cameroon-despite-security-and-governance-challenges
The U.S. agency Fitch Ratings issued a report on December 2 maintaining Cameroon's rating at B with a stable outlook on all long-term foreign currency...
62-of-cameroonian-exports-in-2021-went-to-five-countries-ins
Cameroonian exporters shipped goods to 128 countries overall last year, according to a report recently published by the national institute of statistics....

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »