cameroon fact sheet 2015
Cameroon’s agricultural sector accounts for around 22% of GDP. The sector provides export products such as cocoa, coffee, and timber, while also being a notable employer.
Transportation services were the largest import service into Cameroon valued at ZAR7.4bn followed by other travel and other business services valued at ZAR4.2bn and ZAR3.2bn respectively.
Barring 2004, Cameroon has been a net importer of goods and has registered continuous trade deficits.
In 2013, Cameroon’s exports were valued at ZAR47.1bn, while imports amounted to ZAR57.9bn growing by 35% and 9% respectively.
South Africa has been the more dominant trade partner registering consecutive trade surpluses.
South Africa’s trade surplus currently stands at ZAR613.7m, this is after exports increased by 3% and imports decreased by 3%.
Although exports of cigars, cigarettes etc., tobacco or tobacco substitutes declined by 37.7% it still accounted for 18% of South African exports to Cameroon.
The Western Cape is a net exporter of goods to the West African nation.
Western Cape exports reached their peak in 2012 and in the same year recorded its largest trade surplus.
The province’s top 3 export products accounted for 84% of all exports to Cameroon.
The majority of the province’s top exports experienced growth in excess of 20% signalling increased demand from the West African nation.
Between January 2003 and July 2014 a total of 50 FDI projects were recorded into Cameroon. These projects represent a total capital investment of ZAR185.07bn which is an average investment of ZAR3,701.42m per project.
South Africa and France were tied as the largest project investors into Cameroon. France however was the leading source of capital accounting for 35%.
Between January 2003 and July 2014 a total of 7 FDI projects were recorded from Cameroon to South Africa. These projects represent a total capital investment of ZAR940.88 m which is an average investment of ZAR134.75 m per projectis the articles content.