Historically, Western Europe is the main hub of imports and exports bound or from Cameroon. The continent has been the main destination of Cameroon exports and of the rest of the Central African sub-region over the last twenty years. It is followed by Asia, whose regional domination has strongly increased for all the countries, a trend which tends to incidentally become global. In 2014, global exports bound Asia amounted to 5,465 billion USD, that is, a third of the total of global exports of goods.
Developping economies, among which Cameroon, reinforced their presence in international trade during the last 20 years. The share of exports bound these countries has moved from 26% in 1995 to 39% in 2014, whereas the share of exports bound developped economies shrinked from 68% in 1995 down to 56% in 2014.
Asia now has a significant role in commercial transactions towards countries in the Gulf of Guinea, and Cameroon especially. More than any other region in this regard, this route has contributed to the recovery of global trade after the 2008 – 2009 financial crisis. However, the region’s share of the global import demand reduced in 2015 due to the economic slowdown in China and other Asian countries. In 2013, Asia’s contribution to the increase of 2.3% of the volume of global goods imports was at 1.6 percentage points, that is 73% of global imports growth. Asia’s share in the growth of global imports started dwindling prior to other regions during the first quarter of 2015, before falling in negative territory in the second quarter like in all the other regions.
From Kribi, liaising with Asiais done under the following conditions:
- Rotation in less than 90 days
- Direct and weekly service with a maximum of around 4 stops
- Global cover in Asia with relay services in South-East Asia inermodal solutions
- Direct lines and services from the Far East???
This part of the world made a positive contribution to global imports growth (1.1%), while Southern and Central America’s contribution was negative (-0.2%), just like that of other regions such as Africa, Middle-East and the Commonwealth of Independent States (-0.6%). However, it is a third choice route for countries of the Gulf of Guinea, towards which Cameroon and other countries export mainly primary products, among which crude oil, and imports of various manufactured goods.