A trade deficit of 701 billion CFA francs, an improvement of 38.7% compared to the first three quarters of 2021
During the first 9 months of 2022, the trade balance deficit amounted to 701 billion CFA francs, a decrease of 442 billion CFA francs (-38.7%) compared to the same period of 2021. This improvement in the trade deficit is the result of an increase in the value of exports (49.0%) greater than that of imports (13.4%) compared to the same period of 2021. The coverage rate increased by more than 10 percentage points year-on-year to 78%. Excluding crude oil, the trade balance deficit stands at 1,814 billion CFA francs, a worsening of 114 billion CFA francs (6.7%) compared to the first three quarters of 2021. The non-crude oil coverage ratio improved by about 4 percentage points compared to the same period of 2021 to 43.1%.
Export earnings up 49%
In the first nine months of the year 2022, the Recipes export of the Cameroon is worth 2,487 billion FCFA for 5,9 million from Tonnes from goods, thus recording increases 49% in value and 2.1% in quantity per report at the period Corresponding from 2021. The rise some Recipes of exports east due to AUGment of sales of some major export products. He is essentially of the gas natural (138.2%) and crude oil (64.8%). Exports remain very undiversified and are made up of mainly primary products. The
Top seven products account for 92.9% of export earnings at the end of September2022. These are mainly crude petroleum oils (44.8%), liquefied natural gas (17.1%), raw cocoa beans (7.0%), sawn wood (6.1%), raw cotton (5.5%), and cocoa mass (3.2%).