Page 314 - Atouts-Cameroun-2017
P. 314

314LES ATOUTS ECONOMIQUES DU CAMEROUNGEOGRAPHICAL ORIENTATION OF TRADINGIn 2014, the European Union (EU) is still Cameroon’s leading trade partner with 36.6% value of trade for 44.6% in 2013. They are fol- lowed in order by: East Asia (18.7%), West Africa (16.8%), South Asia (11.4%), the CEMAC zone (4%) and North America (3.9%). Trading is progressing with East Asia (+68.9%), West Africa (+53.4%), South-West Asia (+20.6%), North America (+10.3%) and other CEMAC’s countries (+3.4%).These increases reflect the development in trade relations with China (an increase by 192.5% exports and 44% imports), Nigeria (+34.4%, +48.2%), India (a 92.7% increase of exports), Thailand (+160%), the US (+24.8%), Chad (+17.1%) and the CAR (+105%). after the increase experienced in 2013, trade with Europe and other African countries fell in 2014.TRADE BY REGIONTHE EUROPEAN UNIONIn 2014, they contributed 51.1% to export ear- nings and absorbed 26.7% of export expendi- ture. Despite the decline in their market share, the EU remains the leading partner of Cameroon (first as customer and supplier). Five EU member states count among the ten major bilateral part- ners of Cameroon.Cameroon recorded with the Eurozone a trade surplus of 303 billion against 411.8 billion in 2013. This trend is the result of a more than-proportional 9.1% reduction of exports on imports (-2.2%).The reduction of trade surplus is justified by the lower surplus with Portugal and the worsening of the deficit with Germany. However, the results of foreign trade were relatively better in 2014 with other EU partners.The surplus with Spain, Netherlands and Belgium were improving, while deficit with Greece and France reduced. Balances with Italy and Great Britain, still in deficit in 2013 is now turning into surplus.The main products exported to this area: crude petroleum oils, logs and sawn wood, cocoa beans and butter, raw aluminium, aluminium oxide, cotton, rubber, fresh banana and coffee. The major products imported are: transport equipment, electrical and mechanical appliances, wheat, food products and pharma- ceutical products, clothing items and drinks.EASTERN ASIAIn 2014, East Asia strengthened its weight in trade with Cameroon (15% of export earnings for 6% in 2013, and 21.2% of import expenses for 17.2% in 2013). The zone became the second client in rank and third supplier of Cameroon but remains second trade partner. Trade deficit with the zone is reduced by 17.9 billion to come to 413.1 billion, owing to trading with China.Trade with China intensified and came to account for 98.3% of Cameroon exports towards the zone and 84.6% of its import expen- diture. The trade deficit with China reduced to 41.8 billion. On the other hand, it worsened by 4.7 billion with Japan, the second partner in the zone.Exports to the destination mostly primary pro- ducts: crude oil, logs, rubber, cotton, raw cocoa beans, coffee and aluminium.The said countries provide Cameroon with divers products like rice, palm oil, fish, cement, lubri- cants, soap, diverse food products, tires, paper and cardboards, textiles and clothing, iron and steel works, drugs and engines.WEST AFRICAIn 2014, West Africa was the country’s third tra- ding partner with a weight of 16.8% in trade. Export earnings towards the zone account for 4.9% of total exports while expenditure accounts for 243.9% of imports. Thus, they become the third supplier of Cameroon. Trade deficit with the zone is worsening by 269.9 billion to come to 806 billion. Excluding oil, it stands at 150 billion.Nigeria remains the leading partner with 42% of exports and 61% of imports. Cote d’Ivoire comes second with 28% of exports.Main products exported to the zone are: rice, soap, fuel oils and lubricants, sawn wood, cosmetics, and iron and steel bars. Imports from the zone include petroleum crude oils, textiles, shoes, transportation vehicles and food products.SOUTH-EAST ASIAThe zone is ranked as third client (14.7% of export earnings) and fourth supplier (9.2% of import expenses).The trade balance that was in deficit by 177.3 billion with the zone in 2013 has turned surplus of 31.2 billion, owing to imports increase (+79%), combined with a fall by 11% of imports.

   312   313   314   315   316