A structurally deficit trade balance for Cameroon that has worsened
in 2023.
Since 2005, Asia has been presented by the World Trade Organization (WTO) as sub-Saharan Africa’s leading trading partner. Indeed, over the past two decades, trade between these two regions has far outpaced that between Europe and Africa. With India, the trade balance recorded a deficit of 291.4 billion CFA francs in 2023, after 37 billion CFA francs in 2022, a sharp deterioration of 254 billion CFA francs, resulting from the decline in exports to this country in 2023. With 9.6% of the market share in 2023, India is positioned as the third largest customer Indeed, export revenues to India fell by 41.9%, from 493 billion CFA francs in 2022 to 286 billion CFA francs in 2023. These revenues come mainly from the export of mining products (98.3%), in particular: liquefied natural gas (49.9%), and crude petroleum oils (48.4%).
India is the second largest supplier with 11.6% of the market share in 2023
In terms of imports, India holds 11.6% of Cameroon’s market share in 2023, occupying 2nd place behind China and ahead of France. India’s main imports are diesel (33.1%), semi-milled or milled rice, whether or not polished or iced (18.6%), aviation gasoline (9.3%), medicines (6.1%), and frozen fish (2.8%).