The regional bloc consists of Cameroon, Gabon, Central African Republic, Chad, Republic of the Congo, and Equatorial Guinea. It decreased compared to the fourth quarter of 2018, due to falling oil prices. The overall trend in commodity prices shows that in the first quarter of 2019, prices for energy products fell by around 8.2%. Note that Cameroon is the largest economy in the Central African Economic and Monetary Community. Oil remains Cameroon’s main export commodity, and despite falling global oil prices, still accounts for nearly 40% of exports.

Source: The North Africa Journal July 04, 2019 14:48 UTC