Page 321 - Atouts Economiques Cameroun-2019-GB
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                 INTRODUCTION
World trade in terms of volume grew by 2.2% in 2016 compared to 2.7% in 2015.
Exports and imports slowed down in advanced economies. World trade was expected to increase by 2.7% in 2017.
Foreign trade stood at 5 055 billion, which is a 15.4% drop compared to 2015. The degree of opening went from 16.4% in 2015 to 13.2%.
At the end of the first half of 2017, the total value of trade fell from 2,333.1 billion in the same period of 2016 to 2299.8 billion.
TRADE BALANCE
In 2016, the reduction in the trade deficit is continuing. The deficit rose from 1,174.9 billion in 2015 to 1135.9 billion, which is a decrease of 39 billion. The coverage rate decreased by 3.8 points to 63.3%.
Excluding oil, the deficit shrank by 162.9 billion, moving from 1,680.3 billion in 2015 to 1,517.4 billion. The improvement in the trade balance resulted from a less important decline in exports (-174.2 billion) compared to imports (- 337.1 billion).
In the first six months of 2017, the deficit shrank by 125.6 billion to stand at 342.2 billion. The
coverage rate improved by 7.5 points to stand at 74.1%.
Excluding oil, the deficit widened by 24.3 billion and amounted to 719.9 billion, as a result of a 1.7% increase in imports combined with a 0.7% drop in exports. The coverage rate is 44.7%.
DEVELOPMENT OF TRADE
For the year 2016, imports accounted for 61.2% of trade in goods compared to 59.8% in 2015. The weight of exports fell by 1.4 points to 38.8%. Crude oil represented 20% of total trade against 23.7% in 2015 and 30.7% in 2014.
EXPORTS
After a decline of 6.2% in 2015, exports in value fell by 18.4% in 2016 to 1 959.7 billion. Crude petroleum oils, which accounted for 35.5% of exports, suffered a contraction by 27.7% to come to 695.8 billion.
Excluding oil, exports decreased by 12.1%, by reason of unfavorable market conditions for the following products: raw cocoa beans (-12.6%), logs (-12.9%), fuels and lubricants (-30.8%), raw aluminium (-15%) and raw cotton (-11.1%). The situation is mitigated by the increase in the sales of sawn wood (+ 3.1%), fresh bananas (+ 4%), cocoa paste (+ 13.2%) veneer sheets (+12.9%) and cocoa butter (+ 6.7%).
FOREIGN TRADE
LES ATOUTS ECONOMIQUES DU CAMEROUN
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