Trade Trend

In 2023, Ghana's total export value is 16.83Billion USD, total import value is 16.39Billion USD, Surplus is 447.38Million USD, and foreign trade dependency is 0.435. In 2023，Ghana's top export products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(7.62Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(3.97Billion USD), Cocoa beans; whole or broken, raw or roasted(1.12Billion USD), top export destinations are Switzerland(3.08Billion USD), South Africa(1.97Billion USD), United Arab Emirates(1.69Billion USD). In 2023, Ghana's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(4.94Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(547.79Million USD), Vehicles; for the transport of goods(383.33Million USD), top import origins are China(3.05Billion USD), Netherlands(1.59Billion USD), India(1.05Billion USD).

Comparing to 2022, Ghana's total export value decreased -727.83Million USD(-4.14%) in 2023, this could result from its export decreases of products such as Petroleum oils and oils obtained from bituminous minerals; crude(-1.26Billion USD or -24.04%), Oil seeds and oleaginous fruits, n.e.c. in chapter 12; whether or not broken(-287.29Million USD or -89.08%), Cocoa beans; whole or broken, raw or roasted(-172.81Million USD or -13.39%) and export decreases to countries/economics such as Canada(-1.11Billion USD or -56.69%), China(-767.46Million USD or -35.80%), India(-557.68Million USD or -32.16%). Comparing to 2022, Ghana's total import value decreased -1.94Billion USD(-10.57%) in 2023, this could result from its import decreases of products such as Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(-247.78Million USD or -31.14%), Fertilizers; mineral or chemical, containing 2 or 3 of the elements nitrogen, phosphorus, potassium; other fertilisers; goods of chapter 31 in tablets or packages of gross weight not exceeding 10kg(-166.18Million USD or -66.39%), Fertilizers; mineral or chemical, nitrogenous(-118.53Million USD or -44.27%), and its import decreases from countries/economies such as United Kingdom(-1.84Billion USD or -78.36%), Panama(-343.33Million USD or -99.95%), Switzerland(-339.02Million USD or -48.03%).

Cumulated to first 7 months of 2024, Ghana's total export value is 5.69Billion USD, total import value is 7.34Billion USD, and tradedeficit is -1.65Billion USD. Cumulated to first 7 months of 2024, Ghana's top export products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(2.09Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(1.63Billion USD), Cocoa beans; whole or broken, raw or roasted(734.51Million USD), and top export destinations are Switzerland(1.72Billion USD), China(761.43Million USD), United States(699.14Million USD). Cumulated to first 7 months of 2024, Ghana's top import products are Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(2.09Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(1.63Billion USD), Cocoa beans; whole or broken, raw or roasted(734.51Million USD), and top import origins areChina(4.10Billion USD), India(408.19Million USD), Belgium(380.85Million USD).