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AGOA Status: On October 31, 2019, President Donald J. Trump announced his intent to terminate the eligibility of Cameroon for trade preference benefits under the African Growth and Opportunity Act (AGOA), as of January 1, 2020, due to gross violations of internationally recognized human rights.
Trade Agreements: The U.S. and Cameroon signed a Bilateral Investment Treaty (BIT) in 1986 that came into force in 1989.
U.S. - Cameroon Trade Facts
Cameroon is currently our 128th largest goods trading partner with $413 million in total (two way) goods trade during 2018. Goods exports totaled $193 million; goods imports totaled $220 million. The U.S. goods trade deficit with Cameroon was $26 million in 2018.
According to the Department of Commerce, U.S. exports of goods to Cameroon supported an estimated 1 thousand jobs in 2015 (latest data available).
Cameroon was the United States' 135th largest goods export market in 2018.
U.S. goods exports to Cameroon in 2018 were $193 million, up 21.6% ($34 million) from 2017 and up 54.5% from 2008.
The top export categories (2-digit HS) in 2018 were: machinery ($38 million), iron and steel products ($28 million), plastics ($18 million), railway vehicles/equipment ($16 million), and mineral fuels ($12 million).
U.S. total exports of agricultural products to Cameroon totaled $20 million in 2018. Leading domestic export categories include: prepared food ($4 million), coarse grains (ex. corn) ($2 million), pulses ($2 million), vegetable oils (ex. soybean) ($1 million), and rice ($1 million).
Cameroon was the United States' 112th largest supplier of goods imports in 2018.
U.S. goods imports from Cameroon totaled $220 million in 2018, up 85.6% ($101 million) from 2017, but down 64.2% from 2008.
The top import categories (2-digit HS) in 2018 were: mineral fuels ($126 million), wood and wood products ($26 million), cocoa ($16 million), rubber ($15 million), and special other (returns) ($8 million).
U.S. total imports of agricultural products from Cameroon totaled $36 million in 2018. Leading categories include: cocoa paste & cocoa butter ($15 million), rubber & allied products ($15 million), processed fruit & vegetables ($2 million), tobacco ($1 million), and coffee, unroasted ($973 thousand).
The U.S. trade balance with Cameroon shifted from a goods trade surplus of $41 million in 2017 to a goods trade deficit of $26 million in 2018.
U.S. foreign direct investment (FDI) in Cameroon (stock) was $14 million in 2018, a 55.6% increase from 2017. There is no information on the distribution of U.S. FDI in Cameroon.
Cameroon's FDI in the United States (stock) was $8 million in 2017. There is no information on the distribution of Cameroon FDI in the U.S.
*NOTE: No services trade data with Cameroon is available.