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flag Cameroon's trade deficit dropped 88% in Q1 2025, boosted by record cocoa exports and higher oil revenues.

flag Cameroon's trade deficit shrank 88% in Q1 2025 to 32.7 billion CFA francs, driven by a 35.3% surge in export earnings to 1.118 trillion CFA, led by record cocoa exports worth 500.3 billion CFA—up 134.5% in value despite stable volumes. flag Cocoa now accounts for 44.8% of exports, surpassing oil and gas, fueled by soaring global prices. flag The hydrocarbons trade surplus rose 28% to 164 billion CFA, aided by lower fuel imports. flag While the trade coverage ratio improved to 97.2%, gains are seen as fragile due to reliance on volatile prices, aging cocoa trees, and upcoming EU deforestation rules.

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