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The Netherlands overtakes China as Cameroon's leading export market in 2022

The Netherlands overtakes China as Cameroon's leading export market in 2022
  • Comments   -   Wednesday, 21 February 2024 17:41

(Business in Cameroon) - In 2022, five countries dominated Cameroon's export market, capturing 62% of the country's total exports, according to a report by the National Institute of Statistics (INS) published this February 2024. The leading buyers include the Netherlands, India, France, Spain, and Italy, purchasing goods worth a collective CFA2,276.9 billion out of Cameroon's total export value of CFA3,483.3 billion.

The Netherlands emerged as Cameroon's largest trading partner, accounting for 26.8% of the market share with purchases totaling CFA932.1 billion, overtaking China as the top customer. "The Netherlands gained 14 percentage points, while China lost more than 20 points compared to the previous year, dropping to sixth place," the INS noted. The exports to the Netherlands were predominantly made up of four products, including crude oil (60.4%), raw cocoa beans (24.7%), liquefied natural gas (10.5%), and cocoa paste (1.6%). Collectively, these products made up 97.2% of the exports to the country in 2022.

Cameroon's top 10 export destinations in 2022

Following the Netherlands, India secured 14.2% of Cameroon's exports, valued at CFA493.1 billion, mainly consisting of crude oil (58.5%), liquefied natural gas (37.4%), and raw cotton (3.4%).

France came in third, capturing 9.9% of the market share. Exports to France primarily included liquefied natural gas (43.9%), crude oil (32.4%), cocoa butter (9.7%), cocoa paste (3.6%), raw aluminum (3.6%), and sawn wood (3.5%). Spain and Italy rounded out the top five, holding 8.5% and 6% of the market share, respectively. It's noteworthy that Cameroonian products reached 117 countries during the specified period, as per the INS report.

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