(Business in Cameroon) - Reports from Cameroon’s Institute for statistics indicates that in 2017, Cameroon exported 6.1 million tons of goods and generated CFA1,881.9 billion. Compared to the volume of goods exported in 2016, this represents a decrease of 11.9% while the revenue generated has decreased by 4%.
It further reveals that this result is due to the decrease in the exports of products such as cocoa (-41.1%), fuel and lubricants (-10.3%), sawn woods (10.6%), coffee (-16.9%) and fresh banana (-6.2%). The institute also adds that the decrease has been mitigated by an increase in the export of some products such as raw timber (26.2% of the value), petroleum oils (7%), crude rubber (33.6%) and raw aluminum (15.6%).
The national institute for statistics further discloses that the exports from Cameroon are least diversified. They are constituted mainly of primary commodities. The ten most exported products make 84.8% of the total exports while contributing 85.8% in 2016. These products are namely raw cotton, raw timber, sawn woods, cocoa beans and petroleum products.