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Ghana trade in 2024

In 2024, Ghana exported $16 billion and imported $20.4 billion, a trade deficit of $4.4 billion. It was the world's 83rd-largest exporter, with 0.07% of world exports. Its top export was gold (36.8% of the total) and its main trading partner was China (32.5% of its trade).

Summary

Exports
$16billion
Imports
$20.4billion
Trade balance
-$4.4billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Gold (36.8%) and crude petroleum (23.3%) together make up 60.1% of its exports.

  1. Gold$5.9 billion · 36.8%
    Main partner: Switzerland
  2. Crude petroleum$3.7 billion · 23.3%
    Main partner: China
  3. Cocoa beans$1.5 billion · 9.1%
    Main partner: France
  4. Cocoa paste$702 million · 4.4%
    Main partner: Netherlands
  5. Manganese ore$556 million · 3.5%
    Main partner: China
  6. Cocoa butter$416 million · 2.6%
    Main partner: Netherlands
  7. Refined petroleum$245 million · 1.5%
    Main partner: Burkina Faso
  8. Natural rubber$228 million · 1.4%
    Main partner: Malaysia
  9. Coconuts, Brazil nuts and cashews$214 million · 1.3%
    Main partner: India
  10. Electricity$187 million · 1.2%
    Main partner: Burkina Faso

What it imports

Refined petroleum (7.4%) and bulldozers and excavators (3%) together make up 10.4% of its imports.

  1. Refined petroleum$1.5 billion · 7.4%
    Main partner: Netherlands
  2. Bulldozers and excavators$612 million · 3%
    Main partner: China
  3. Poultry meat$373 million · 1.8%
    Main partner: Brazil
  4. Cars$348 million · 1.7%
    Main partner: United States
  5. Trucks$333 million · 1.6%
    Main partner: China
  6. Medicines in measured doses or retail packs$303 million · 1.5%
    Main partner: India
  7. Coated flat steel$301 million · 1.5%
    Main partner: China
  8. Frozen fish$289 million · 1.4%
    Main partner: China
  9. Rubber and plastic footwear$281 million · 1.4%
    Main partner: China
  10. Cameras and broadcast equipment$261 million · 1.3%
    Main partner: Hong Kong
By Harmonized System chapter (96)
ChapterExportsImports
71 · Gems and precious metals$5.9 billion$49 million
27 · Oil, gas and coal$4.3 billion$1.7 billion
18 · Cocoa and chocolate$2.7 billion$67 million
26 · Ores and slag$679 million$457 thousand
08 · Fruit and nuts$420 million$34 million
40 · Rubber$230 million$333 million
15 · Fats and oils$229 million$230 million
76 · Aluminum$172 million$287 million
44 · Wood$150 million$58 million
16 · Prepared meat and fish$146 million$141 million
69 · Ceramics$129 million$179 million
12 · Oilseeds and grains$94 million$28 million
74 · Copper$86 million$38 million
20 · Preserved fruit and vegetables$86 million$107 million
48 · Paper and paperboard$65 million$246 million
39 · Plastics$62 million$1.3 billion
78 · Lead$60 million$201 thousand
97 · Art and antiques$41 million$3 million
72 · Iron and steel$40 million$685 million
61 · Knitted clothing$40 million$193 million
19 · Baked goods and cereal products$31 million$183 million
34 · Soap and cleaning products$29 million$120 million
84 · Mechanical machinery$26 million$2.7 billion
23 · Animal feed and food waste$26 million$74 million
03 · Fish and seafood$24 million$292 million
25 · Salt, stone and cement$21 million$261 million
73 · Iron and steel products$19 million$654 million
21 · Food preparations$19 million$241 million
11 · Milling products and malt$17 million$66 million
55 · Synthetic staple fibers$16 million$88 million
85 · Electrical and electronic equipment$16 million$1.5 billion
31 · Fertilizers$15 million$161 million
30 · Pharmaceuticals$15 million$447 million
22 · Beverages and spirits$10 million$223 million
87 · Vehicles$10 million$1.5 billion
07 · Vegetables$8 million$52 million
28 · Inorganic chemicals$7 million$141 million
06 · Live plants and flowers$6 million$1 million
04 · Dairy, eggs and honey$6 million$80 million
33 · Perfumes and cosmetics$5 million$219 million
38 · Miscellaneous chemicals$5 million$346 million
90 · Precision and medical instruments$5 million$274 million
32 · Dyes, paints and tanning agents$5 million$103 million
46 · Wicker and basketware$4 million$2 million
64 · Footwear$4 million$361 million
09 · Coffee, tea and spices$4 million$203 million
94 · Furniture and lighting$4 million$544 million
68 · Stone, plaster and cement articles$3 million$49 million
36 · Explosives and matches$3 million$33 million
63 · Home textiles and used clothing$2 million$291 million
01 · Live animals$2 million$24 million
41 · Hides and leather$2 million$3 million
89 · Ships and boats$2 million$64 million
79 · Zinc$2 million$1 million
62 · Woven clothing$1 million$156 million
82 · Tools and cutlery$1 million$109 million
70 · Glass$1 million$91 million
52 · Cotton$1 million$167 million
88 · Aircraft and spacecraft$1 million$49 million
86 · Railway equipment$1 million$15 million
67 · Feathers and artificial flowers$1 million$225 million
42 · Leather goods and bags$985 thousand$197 million
29 · Organic chemicals$982 thousand$231 million
10 · Cereals$643 thousand$322 million
13 · Gums and plant extracts$568 thousand$3 million
92 · Musical instruments$542 thousand$4 million
96 · Other manufactured goods$524 thousand$95 million
17 · Sugar and sweets$493 thousand$304 million
54 · Synthetic filaments$375 thousand$134 million
56 · Felt, nonwovens and rope$354 thousand$91 million
83 · Miscellaneous metal goods$329 thousand$206 million
49 · Books and printed matter$303 thousand$80 million
05 · Other animal products$254 thousand$25 million
53 · Other plant fibers$236 thousand$6 million
14 · Other plant products$223 thousand$394 thousand
35 · Glues, starches and enzymes$215 thousand$39 million
95 · Toys and sports gear$202 thousand$62 million
80 · Tin$198 thousand$430 thousand
57 · Carpets and rugs$137 thousand$20 million
51 · Wool$134 thousand$99 thousand
75 · Nickel$112 thousand$1 million
65 · Hats$90 thousand$13 million
24 · Tobacco$84 thousand$14 million
59 · Coated and technical textiles$79 thousand$64 million
02 · Meat and offal$55 thousand$473 million
58 · Special fabrics and lace$34 thousand$42 million
81 · Other base metals$24 thousand$387 thousand
91 · Watches and clocks$14 thousand$8 million
37 · Photographic goods$14 thousand$4 million
50 · Silk$10 thousand$2 thousand
47 · Wood pulp$8 thousand$19 million
60 · Knitted fabric$4 thousand$72 million
45 · Cork$3 thousand$11 thousand
66 · Umbrellas and canes$2 thousand$9 million
93 · Weapons and ammunition$898$12 million
43 · Fur and fur goods$541$5 thousand

Trading partners

Its main destination is Switzerland (26.7% of exports) and its main source is China (48.3% of imports).

Who it sells to

PartnerValue (USD billions)ShareMode
Switzerland4.326.7%Air
China212.5%Sea
India1.710.6%Air
United States1.27.5%Sea
Netherlands0.734.5%Sea
South Africa0.654%Sea
Burkina Faso0.573.6%Land
Italy0.513.2%Sea
France0.513.2%Sea
Brazil0.432.7%Sea

Who it buys from

PartnerValue (USD billions)ShareMode
China9.848.3%Sea
India1.36.3%Sea
Netherlands1.36.1%Sea
United States0.884.3%Sea
Belgium0.613%Sea
United Kingdom0.512.5%Sea
Turkey0.42%Sea
South Africa0.351.7%Sea
Brazil0.341.7%Sea
Germany0.321.6%Sea

Overview 1995–2024

In 2024, Ghana accounted for 0.07% of world exports, compared with 0.03% in 1995.

Exports and imports

Exports grew 11-fold since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 16
  • Imports 20.4
  • Balance -4.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.5 billion$1.8 billion-$334 million
1996$2.6 billion$3.1 billion-$431 million
1997$1.8 billion$3.8 billion-$2 billion
1998$1.9 billion$3.5 billion-$1.6 billion
1999$2 billion$3.5 billion-$1.5 billion
2000$2.3 billion$3.3 billion-$970 million
2001$2 billion$3.6 billion-$1.6 billion
2002$1.7 billion$3.3 billion-$1.6 billion
2003$2.3 billion$4.1 billion-$1.8 billion
2004$2.3 billion$3.8 billion-$1.5 billion
2005$4 billion$5.9 billion-$2 billion
2006$4.2 billion$6.2 billion-$2 billion
2007$5.2 billion$9 billion-$3.8 billion
2008$6.4 billion$10.8 billion-$4.3 billion
2009$6.8 billion$8 billion-$1.2 billion
2010$8 billion$10.6 billion-$2.6 billion
2011$15.1 billion$14.9 billion$194 million
2012$18.2 billion$16.7 billion$1.5 billion
2013$18.2 billion$16.5 billion$1.6 billion
2014$17.3 billion$18 billion-$718 million
2015$14.9 billion$17 billion-$2.1 billion
2016$16.4 billion$14.2 billion$2.2 billion
2017$17.4 billion$15.2 billion$2.1 billion
2018$21.8 billion$14.3 billion$7.5 billion
2019$22.5 billion$17.1 billion$5.4 billion
2020$14 billion$16.6 billion-$2.6 billion
2021$22.1 billion$21.3 billion$778 million
2022$29.3 billion$20.4 billion$8.9 billion
2023$27.4 billion$19.2 billion$8.2 billion
2024$16 billion$20.4 billion-$4.4 billion

World rank

Ghana rose from 102nd to 83rd among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 102nd in 1995
  • 83rd in 2024

Source: CEPII BACI

Show the numbers
YearRank
1995102nd
199687th
1997103rd
199897th
199997th
2000101st
2001110th
2002112th
2003109th
2004117th
2005101st
2006107th
2007102nd
2008103rd
200991st
201093rd
201178th
201275th
201375th
201479th
201576th
201672nd
201775th
201872nd
201972nd
202080th
202174th
202273rd
202372nd
202483rd

What it sells

Gems and precious metals became its top export group: from 15% to 37%

% of exports by Harmonized System chapter.

  • Other 9%
  • Aluminum 1%
  • Fats and oils 1%
  • Rubber 1%
  • Fruit and nuts 3%
  • Ores and slag 4%
  • Cocoa and chocolate 17%
  • Oil, gas and coal 27%
  • Gems and precious metals 37%

Source: CEPII BACI

Show the numbers
Chapter19952024
Gems and precious metals15.3%37.1%
Oil, gas and coal1.3%26.6%
Cocoa and chocolate33.2%16.9%
Ores and slag2.5%4.2%
Fruit and nuts1.6%2.6%
Rubber0.78%1.4%
Fats and oils0.26%1.4%
Aluminum16.8%1.1%
Other28.3%8.7%

Who it trades with

China went from 2% to 33% of Ghana's trade

% of total trade (exports + imports) with each partner.

  • China 33%
  • Switzerland 12%
  • India 8%
  • United States 6%
  • Netherlands 5%

Source: CEPII BACI

Show the numbers
Partner19952024
China2.4%32.5%
Switzerland1.4%11.9%
India1.6%8.2%
United States11.1%5.7%
Netherlands5.4%5.4%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

  • Cote d'Ivoire basinOil and gas · 4.6 Mt CO₂e
  • Karpowership (Ghana) Osman Khan power stationPower · 1.9 Mt CO₂e
  • Sunon Asogli power stationPower · 1.7 Mt CO₂e
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Largest economic production hubs (gridded GDP, 2024)

  • Accra$81.1 billion (PPP, 2021 dollars)
  • Kumasi$57.1 billion (PPP, 2021 dollars)
  • Sekondi$14.1 billion (PPP, 2021 dollars)
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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

Neighboring countries

See all countries