Page 35 - Atouts-Cameroun-2017
P. 35

Exports increased by 14.7% on 2013 to reach 2 558 billion, in connection with the rise in the sales of raw cocoa beans (+24.9%), logs (+21.6 %), raw aluminium (+130.4%), Robusta coffee (+59.8%) and crude petroleum oils (+12.5%). Conversely, the sales of raw cotton, fresh bananas and plantains, and rubber decrea- sed by 7.1% 7.3% and 24.5% respectively.The structure of exports in 2014 shows oil still on the leading position among exported products, with 47.8% of total export earnings, followed by: raw cocoa beans (10.9%), fuels and lubricants (6. 2%), sawn wood (5.8%), logs (3.4%), raw cotton (3.1%), raw aluminium (2.9%), raw rubber (1.8%) and bananas (1.5%).Imports rose by 14% and amounted to 3 745.3 billion. This increase resulted from that of oil pur- chases (35.8%), transport equipment (48.2%), and machinery and electrical apparels (24.5%). Conversely, imports of vegetable products decreased by 21.6%; those of industrial food products 7.4%.Depending on the geographical area, Cameroon recorded trade surpluses with the European Union (+303 billion), the CEMAC (+76.6 billion) and South-East Asia (+31.2 bil- lion). On the other hand, trade deficit is mainly with West Africa (-806.1 billion mainly because of oil imports from Nigeria), East Asia (-413.2 billion) and North America (-82.6 billion).Bilaterally, the main customers of Cameroon are Spain (17% of exports), China (15%), the Netherlands (10.6%), India (9.9%) and Italy (9.3%). The main suppliers are China (18% of imports), Nigeria (17.9%), France (10.2%), Thailand (3.9%) and the USA (3.5%).In the first-half of 2015, trade deficit widened by 63.1 billion compared to the same period in 2014 to stand at 706.3 billion. This deteriora- tion results from a 5.3% drop in exports and almost stable imports. The drop in exports is explained by that of crude oil sales (-10% due to the fall in world prices).In 2014, the balance of payments current account deficit deteriorated by 135 billion compared to 2013, to stand at 692.2 billion, that is 4.3% in terms of the proportion of GDP. It is induced by the balances of property accounts (-221.9 billion), services (-310.2 billion) and incomes (-337.5 billion). On the other hand, the balance of current transfers became a surplus of 177.4 billion.The current account deficit was mainly financed by FDI whose net flows is at 364.2 billion and net drawings of public agencies (+554.5 billion).In the end, the overall balance of the balance of payments is surplus of 28.9 billion, correspon- ding to an increase of the same amount ofThe dynamism of the public buildings and works sector (+10.9%) also contributes to the economy expansionLES ATOUTS ECONOMIQUES DU CAMEROUN35

   33   34   35   36   37