Yaoundé - 13 April 2024 -
Public management

China remained Cameroon's leading supplier in 2022, despite minor market share dip

China remained Cameroon's leading supplier in 2022, despite minor market share dip
  • Comments   -   Friday, 23 February 2024 03:12

(Business in Cameroon) - The National Institute of Statistics recently issued a statement, providing data on Cameroon’s trade exchanges in 2022. According to the document, Cameroon imported goods worth CFA775.8 billion FCFA from China over the period, representing 15.8% of its total imports.

Even though China maintained its leading position, it did lose a bit of its market share, dropping 1.2% from the previous year. In 2021, China's share was at 17%, the same as in 2020. The report highlighted that Cameroon mainly imported items like machinery, metals, chemicals, plastics, transport equipment, stone works, and insecticides from China. This variety shows the range of goods Cameroon gets from one of its key trading partners. Cameroon's imports come from 190 countries, totaling CFA4911.4 billion in 2022.

However, when it comes to exports, China ranks as the 6th biggest buyer of goods from Cameroon, purchasing CFA173.2 billion worth of Cameroonian products in 2022. This accounts for only 5% of Cameroon's exports, a significant drop from 25.8% in 2021. The Netherlands has taken over as the top buyer, importing goods worth CFA932.1 billion from Cameroon, 26.8% of total Cameroon’s exports. The Netherlands gained 14 percentage points, while China lost over 20 points compared to the previous year.

Nigerian airline Air Peace has expanded its operations in Cameroon with the opening of a new flight route from Abuja, Nigeria's capital, to Yaoundé, the...
The Cameroonian Ministry of Commerce announced yesterday a significant reduction in rice prices effective Friday. This price adjustment follows the...
Cameroon, grappling with a chronic shortage of palm oil production, exported 657.3 tons of the commodity in 2022. This export generated about 713.6...
Cameroon’s trade deficit has significantly worsened from 2017 to 2022, totaling a loss of CFA256 billion over the six-year period, according to the...

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 »