2023
Exports
$1.09BWorld Rnk 3 / 134
Flag Rnk 3 / 1037
2023
PRODUCT COMPLEXITY IN Cocoa Beans
-2.94Rnk 1025 / 1025
2023
Imports
$18.4MWorld Rnk 28 / 159
Flag Rnk 188 / 1177
2023
ECONOMIC COMPLEXITY of Ghana
-0.97Rnk 109 / 132

About

Exports In 2023, Ghana exported $1.09B in Cocoa Beans, making it the 3rd largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 3rd most exported product in Ghana. The main destination of Cocoa Beans exports from Ghana are: United States ($154M), Netherlands ($113M), Malaysia ($112M), France ($108M), and Japan ($94.1M).

The fastest growing export markets for Cocoa Beans of Ghana between 2022 and 2023 were Turkey ($30.5M), Brazil ($22.1M), and United States ($9.53M).

Imports In 2023, Ghana imported $18.4M in Cocoa Beans, becoming the 28th largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 188th most imported product in Ghana. Ghana imports Cocoa Beans primarily from: Cote d'Ivoire ($17.3M), Nigeria ($1.12M), and United Arab Emirates ($162).

The fastest growing import markets in Cocoa Beans for Ghana between 2022 and 2023 were Cote d'Ivoire ($17.3M), Nigeria ($1.12M), and United Arab Emirates ($31).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cocoa Beans. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.09B
IMPORTS (2023)$18.4M
NET TRADE (2023)$1.07B

In 2023, Ghana exported $1.09B in Cocoa Beans. The main destinations of Ghana exports on Cocoa Beans were United States ($154M), Netherlands ($113M), Malaysia ($112M), France ($108M), and Japan ($94.1M).

In 2023, Ghana imported $18.4M in Cocoa Beans, mainly from Cote d'Ivoire ($17.3M), Nigeria ($1.12M), and United Arab Emirates ($162).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR Ghana WERE (2022 - 2023):
Turkey$30.5M (85.2%)
Brazil$22.1M (36.2k%)
United States$9.53M (6.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY Ghana WERE (2022 - 2023):
Netherlands-$42.6M (-27.3%)
Singapore-$35.4M (-54.1%)
Malaysia-$28.5M (-20.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Ghana's main exporting competitors in Cocoa Beans were:
In 2023, Ghana's main importing competitors in Cocoa Beans were:

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Trade Value of Cocoa Beans by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $56.1M
TOP IMPORT POTENTIALCote d'Ivoire+ $784

Cocoa Beans’s highest export potential is United States. With an export gap of $56.1M.   Cocoa Beans’s highest import potential is Cote d'Ivoire with an import gap of $784.

See methodology.

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