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Who buys Ghana’s crude oil? Export destinations 2024

In 2024, Ghana exported $3.7 billion of crude oil (6.1 million tonnes), 0.3% of the world total. Its main destinations were China (34%), the United States (21%) and Brazil (11%). Ghana was the world’s 30th-largest exporter of crude oil.

Summary

Value
$3.7billion
Tonnes
6.1million tonnes
Share of world total
0.3%
World rank
30th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 12 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China1.3Tonnes: 1,896,222USD per tonne: $66833.9%Sea
United States0.77Tonnes: 1,433,950USD per tonne: $53520.5%Sea
Brazil0.41Tonnes: 648,079USD per tonne: $63110.9%Sea
South Africa0.34Tonnes: 502,524USD per tonne: $6759.1%Sea
Italy0.31Tonnes: 509,614USD per tonne: $5998.2%Sea
India0.22Tonnes: 386,697USD per tonne: $5806%Sea
Portugal0.15Tonnes: 260,619USD per tonne: $5814.1%Sea
Spain0.08Tonnes: 130,716USD per tonne: $6292.2%Sea
Bulgaria0.08Tonnes: 130,242USD per tonne: $5882.1%Sea
Germany0.05Tonnes: 81,895USD per tonne: $5851.3%Sea
Netherlands re-exports0.04Tonnes: 71,034USD per tonne: $5961.1%Sea
Austria0.03Tonnes: 37,662USD per tonne: $6650.67%Sea

Trend

Who it sells to

China has been its main destination since 2024

Value in USD billions. The five largest destinations in 2024.

  • China 1.3
  • United States 0.77
  • Brazil 0.41
  • South Africa 0.34
  • Italy 0.31

Source: CEPII BACI

Show the numbers
Partner19952024
China01.3
United States00.77
Brazil00.41
South Africa00.34
Italy00.31

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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