Cameroon hydrocarbon imports surge CFA274.3 billion first quarter 2026

• Cameroon spent CFA274.3 billion on hydrocarbon imports in Q1 2026, a 2.5% increase from last year.
• Crude oil exports generated CFA152.4 billion between January and March, down 14.4% from the same period in 2025.
• Brent crude averaged $103.7 per barrel in March 2026, up 42.8% from $72.6 a year earlier.

Cameroon's continued reliance on imported refined petroleum products may expose clients to compliance risks related to energy sourcing and procurement.

Cameroon's hydrocarbon imports surged to CFA274.3 billion in the first quarter of 2026, marking a 2.5% increase from the same period last year. This uptick in imports comes despite a sharp decline in revenue from crude oil exports, which generated CFA152.4 billion between January and March. In contrast, fuel imports totaled CFA267.7 billion during the first quarter of 2025, highlighting Cameroon's reliance on imported refined petroleum products to meet domestic demand.

The additional CFA6.6 billion spent this year kept petroleum products as Cameroon's largest import category, surpassing machinery and mechanical equipment worth CFA115 billion and vehicles valued at CFA82.8 billion.

Cameroon's continued reliance on imported refined petroleum products may expose clients to compliance risks related to energy sourcing and procurement. Lawyers advising clients on Cameroon's hydrocarbon imports should be aware of the potential implications of this trend. The country's energy paradox, where it produces oil and natural gas but relies heavily on imports, is a key factor in this situation.

The National Economic and Financial Committee's (CNEF) latest economic report highlights the decline in crude oil export earnings, which came despite higher global energy prices. Brent crude averaged $103.7 per barrel in March 2026, up 42.8% from $72.6 a year earlier.

The rise in hydrocarbon imports and decline in crude oil export earnings have significant implications for Cameroon's economy. The country's continued reliance on imported refined petroleum products may lead to increased energy costs, which could impact economic growth and development. Furthermore, the trend may expose clients to compliance risks related to energy sourcing and procurement.

The CNEF report underscores the need for policymakers to address the energy paradox and develop strategies to reduce dependence on imports. This will require a comprehensive approach that takes into account the country's energy production capacity, infrastructure, and market dynamics.

Lawyers advising clients on Cameroon's hydrocarbon imports should watch for the country's continued reliance on imported refined petroleum products, which may expose them to compliance risks related to energy sourcing and procurement.

Source: Original reporting via CNEF economic report