2023
Exports
$52.4MWorld Rnk 32 / 150
Flag Rnk 26 / 1037
2023
PRODUCT COMPLEXITY IN Palm Oil
-2.25Rnk 1010 / 1025
2023
Imports
$153MWorld Rnk 54 / 206
Flag Rnk 23 / 1177
2023
ECONOMIC COMPLEXITY of Ghana
-0.97Rnk 109 / 132

About

Exports In 2023, Ghana exported $52.4M in Palm Oil, making it the 32nd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 26th most exported product in Ghana. The main destination of Palm Oil exports from Ghana are: Nigeria ($32.1M), Senegal ($4.44M), Niger ($2.66M), United States ($2.35M), and Spain ($2.32M).

The fastest growing export markets for Palm Oil of Ghana between 2022 and 2023 were Spain ($1.37M), Togo ($732k), and Netherlands ($640k).

Imports In 2023, Ghana imported $153M in Palm Oil, becoming the 54th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 23rd most imported product in Ghana. Ghana imports Palm Oil primarily from: Malaysia ($51.9M), Cote d'Ivoire ($29.4M), Indonesia ($24.4M), Colombia ($18.1M), and Togo ($14.3M).

The fastest growing import markets in Palm Oil for Ghana between 2022 and 2023 were Colombia ($18.1M), Liberia ($7.51M), and Ecuador ($2.76M).

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 Palm 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)$52.4M
IMPORTS (2023)$153M
NET TRADE (2023)-$101M

In 2023, Ghana exported $52.4M in Palm Oil. The main destinations of Ghana exports on Palm Oil were Nigeria ($32.1M), Senegal ($4.44M), Niger ($2.66M), United States ($2.35M), and Spain ($2.32M).

In 2023, Ghana imported $153M in Palm Oil, mainly from Malaysia ($51.9M), Cote d'Ivoire ($29.4M), Indonesia ($24.4M), Colombia ($18.1M), and Togo ($14.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Ghana WERE (2022 - 2023):
Spain$1.37M (143%)
Togo$732k (46.2%)
Netherlands$640k (67.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Ghana WERE (2022 - 2023):
Senegal-$21.8M (-83%)
Cote d'Ivoire-$11.8M (-99.3%)
Germany-$9.79M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Ghana's main exporting competitors in Palm Oil were:
In 2023, Ghana's main importing competitors in Palm Oil were:
India $8.7B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.29M
TOP IMPORT POTENTIALIndonesia+ $12.1M

Palm Oil’s highest export potential is Germany. With an export gap of $5.29M.   Palm Oil’s highest import potential is Indonesia with an import gap of $12.1M.

See methodology.

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