2023
Exports
$5.53MWorld Rnk 37 / 151
Flag Rnk 101 / 1037
2023
PRODUCT COMPLEXITY IN Coconut Oil
-1.7Rnk 972 / 1025
2023
Imports
$2.12MWorld Rnk 95 / 210
Flag Rnk 512 / 1177
2023
ECONOMIC COMPLEXITY of Ghana
-0.97Rnk 109 / 132

About

Exports In 2023, Ghana exported $5.53M in Coconut Oil, making it the 37th largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 101st most exported product in Ghana. The main destination of Coconut Oil exports from Ghana are: Nigeria ($3.23M), Netherlands ($564k), Benin ($516k), United Kingdom ($306k), and United States ($243k).

The fastest growing export markets for Coconut Oil of Ghana between 2022 and 2023 were Benin ($515k), Nigeria ($229k), and United Kingdom ($209k).

Imports In 2023, Ghana imported $2.12M in Coconut Oil, becoming the 95th largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 512th most imported product in Ghana. Ghana imports Coconut Oil primarily from: Malaysia ($1.72M), Cote d'Ivoire ($311k), Indonesia ($34.8k), United States ($26.9k), and Italy ($7.43k).

The fastest growing import markets in Coconut Oil for Ghana between 2022 and 2023 were Cote d'Ivoire ($237k), United States ($24.5k), and Italy ($7.38k).

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 Coconut Oil. 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)$5.53M
IMPORTS (2023)$2.12M
NET TRADE (2023)$3.42M

In 2023, Ghana exported $5.53M in Coconut Oil. The main destinations of Ghana exports on Coconut Oil were Nigeria ($3.23M), Netherlands ($564k), Benin ($516k), United Kingdom ($306k), and United States ($243k).

In 2023, Ghana imported $2.12M in Coconut Oil, mainly from Malaysia ($1.72M), Cote d'Ivoire ($311k), Indonesia ($34.8k), United States ($26.9k), and Italy ($7.43k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Coconut Oil EXPORT MARKETS FOR Ghana WERE (2022 - 2023):
Benin$515k (172k%)
Nigeria$229k (7.63%)
United Kingdom$209k (214%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconut Oil BY Ghana WERE (2022 - 2023):
Germany-$3.29M (-94.1%)
Kenya-$906k (-100%)
United States-$878k (-78.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Ghana's main exporting competitors in Coconut Oil were:
In 2023, Ghana's main importing competitors in Coconut Oil were:

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Trade Value of Coconut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.96M
TOP IMPORT POTENTIALIndonesia+ $124k

Coconut Oil’s highest export potential is United States. With an export gap of $1.96M.   Coconut Oil’s highest import potential is Indonesia with an import gap of $124k.

See methodology.

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