Surging taxes shrink share of log exports

Cameroon recorded exports of 1.7 million cubic meters of wood and woodwork in 2022, generating an estimated revenue of CFA314 billion, up 7.8% year-on-year, according to a recent report by the National Institute of Statistics (INS). The report highlights a significant shift in the country’s forestry exports, focusing more on processed wood products over logs, in line with government policies aimed at encouraging local processing. Logs represented a minor portion of the total exports, with only 746 cubic meters exported in 2022. This brought in more than CFA77 billion, accounting for less than 25% of the total export value. Year-on-year,…