HS Icon Refined Petroleum in  Flag Ghana

2020
Exports | Imports
: $80.4M | $669M, World Rnk 94 / 212
Flag Rnk 14 / 843 | World Rnk 91 / 224
Flag Rnk 1 / 1114

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $3.38M | $263M, Singapore |  Netherlands

2020
ECONOMIC COMPLEXITY of Ghana
: -1.32, Rnk 120 / 127

2020
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.94, Rnk 822 / 1029

Exports In 2020, Ghana exported $80.4M in Refined Petroleum, making it the 94th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 14th most exported product in Ghana. The main destination of Refined Petroleum exports from Ghana are: Burkina Faso ($40.5M), United States ($26M), Spain ($8.2M), Singapore ($3.38M), and Togo ($1.21M).

The fastest growing export markets for Refined Petroleum of Ghana between 2019 and 2020 were Singapore ($3.38M), Niger ($815k), and Greece ($359).

Imports In 2020, Ghana imported $669M in Refined Petroleum, becoming the 91st largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Ghana. Ghana imports Refined Petroleum primarily from: Netherlands ($328M), Spain ($57M), United Arab Emirates ($55.9M), Malaysia ($38.8M), and Belgium ($36M).

The fastest growing import markets in Refined Petroleum for Ghana between 2019 and 2020 were Netherlands ($263M), Malaysia ($38.8M), and Belgium ($34.3M).

Tariffs In 2018, the average tariff for Ghana in Refined Petroleum was 7.82%. The countries with the highest import tariffs for Refined Petroleum were Angola (Most Favoured Nation duty rate treatement, 8.26%), Burundi (Most Favoured Nation duty rate treatement, 8.26%), Botswana (Most Favoured Nation duty rate treatement, 8.26%), Central African Republic (Most Favoured Nation duty rate treatement, 8.26%), and Cameroon (Most Favoured Nation duty rate treatement, 8.26%).

Subnational Monthly Trade

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The following visualization shows the latest trends on Refined Petroleum. 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

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EXPORTS (2020): $80.4M

IMPORTS (2020): $669M

NET TRADE (2020): -$589M

In 2020, Ghana exported $80.4M in Refined Petroleum. The main destinations of Ghana exports on Refined Petroleum were Burkina Faso ($40.5M), United States ($26M), Spain ($8.2M), Singapore ($3.38M), and Togo ($1.21M).

In 2020, Ghana imported $669M in Refined Petroleum, mainly from Netherlands ($328M), Spain ($57M), United Arab Emirates ($55.9M), Malaysia ($38.8M), and Belgium ($36M).

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THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Ghana WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Ghana WERE (2019 - 2020):

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Market Concentration

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In 2020, Ghana's main exporting competitors in Refined Petroleum were:

In 2020, Ghana's main importing competitors in Refined Petroleum were:

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