(Business in Cameroon) – Cameroon saw its import volume jump by 11.4% YoY in Q3 2024, the national statistics agency (INS) recently reported. At the same time, exports dropped by 4.9% YoY, pushing the trade deficit to 11.7% of quarterly GDP, according to the same source.
In 2023, for example, Cameroon’s trade deficit crossed the CFA2 trillion mark for the first time, reaching CFA2.004 trillion—up from CFA1.428 trillion in 2022. This represents an increase of CFA576 billion, or 40.3%, in just one year. The widening deficit highlights Cameroon’s growing reliance on imported goods.
