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According to the note consulted by APA, this worsening of the trade deficit results from an increase in imports of CFAF 105.8 billion and a decrease of CFAF 53.7 billion in exports compared to the first quarter of 2017.
This exponential increase in imports partly results, according to the INS, from the resumption of activities at the National Refinery Company (SONARA) after a technical shutdown observed in the first quarter of 2017, which recovery has led to a revival of oil imports gross of about 43.1 billion FCFA during the period considered while the coverage rate drops to 65%, compared to 85% in the first quarter of 2017.
Excluding oil, Cameroon's trade deficit is to CFAF 406.4 billion, an increase of CFAF 104.9 billion (+ 34.8%) compared to the first quarter of 2017, a situation attributable to a fall in exports excluding 13.5%, followed by a rise in non-oil imports of 10.2%.
Imports mainly consist of hydrocarbons (14.5%), fish and crustaceans (3.9%), cereals (10.1% including rice 6.2% and wheat and meslin 3.6%), machinery and mechanical appliances (10.5%), machinery and electrical appliances (4.9%). [19659002] In the first quarter of 2018, the food import bill accounted for 23.4% of import expenditures compared to 22.0% in the same period of 2017.
FCEB / cat / APA
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