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311Foreign TradeINTRODUCTIONIn 2014, the volume of foreign trade increased by 2.8% and its value stagnated compared to 2013.The stagnation reflects the fall in prices, in parti- cular the international oil prices.As for Cameroon, foreign trade was up by 14.3% compared to 2013 to stand at 6,303.1 billion.The degree of opening went from 37.8% in 2013 to 39.8%.In the first half-year 2015, the value of trade decreased by 2.1% on the same period in 2014, in connection with a 5.3% decline in exports.TRADE BALANCEIn 2014, the deficit in trade balance worsened by 132.9 billion on 2013 to stand at 1,187.3 billion, as a result of the deterioration by the trade balance with Nigeria (-2014.2 billion).The coverage rate of imports by exports remained virtually stable (68.3% for 67.9% in 2013).Excluding oil, the deficit gets worse by 54.6 bil- lion to come to 1,703.3 billion.The situation reflects the increase by 8.8% of non- oil imports despite the 16.7% increase in exports of the same nature.The coverage rate of imports by exports improves by 3 points to stand at 43.9%.In the first half-year 2015, trade deficit is widening by 63.1% year on year to come to 706.3 billion.The imports coverage rate by the exports stood at 61.6% for 65% in the first half-year 2014.Excluding oil, trade deficit is worsening by 124.6 billion to stand to 976.4 billion reflecting 7.7% increase in exports combined to a 1.3% fall of exports.The coverage rate is 39.4% down 3.6 pointsLES ATOUTS ECONOMIQUES DU CAMEROUN

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