2023
Exports
$197MWorld Rnk 93 / 214
Flag Rnk 8 / 1037
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$4.44BWorld Rnk 52 / 226
Flag Rnk 1 / 1177
2023
ECONOMIC COMPLEXITY of Ghana
-0.97Rnk 109 / 132

About

Exports In 2023, Ghana exported $197M in Refined Petroleum, making it the 93rd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 8th most exported product in Ghana. The main destination of Refined Petroleum exports from Ghana are: Burkina Faso ($127M), China ($64.1M), Mali ($3.94M), Niger ($890k), and Togo ($605k).

The fastest growing export markets for Refined Petroleum of Ghana between 2022 and 2023 were China ($64.1M), Burkina Faso ($16.1M), and Togo ($335k).

Imports In 2023, Ghana imported $4.44B in Refined Petroleum, becoming the 52nd 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 ($1.27B), Russia ($956M), Belgium ($311M), United Arab Emirates ($279M), and India ($187M).

The fastest growing import markets in Refined Petroleum for Ghana between 2022 and 2023 were Russia ($939M), Netherlands ($234M), and United Arab Emirates ($172M).

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 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

Trade Balance

Color
EXPORTS (2023)$197M
IMPORTS (2023)$4.44B
NET TRADE (2023)-$4.25B

In 2023, Ghana exported $197M in Refined Petroleum. The main destinations of Ghana exports on Refined Petroleum were Burkina Faso ($127M), China ($64.1M), Mali ($3.94M), Niger ($890k), and Togo ($605k).

In 2023, Ghana imported $4.44B in Refined Petroleum, mainly from Netherlands ($1.27B), Russia ($956M), Belgium ($311M), United Arab Emirates ($279M), and India ($187M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Ghana WERE (2022 - 2023):
China$64.1M (9.4M%)
Burkina Faso$16.1M (14.5%)
Togo$335k (124%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Ghana WERE (2022 - 2023):
Mali-$5.46M (-58.1%)
Benin-$2.68M (-98.8%)
Niger-$899k (-50.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Ghana's main exporting competitors in Refined Petroleum were:
In 2023, Ghana's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBenin+ $1.42M
TOP IMPORT POTENTIALUnited States+ $91M

Refined Petroleum’s highest export potential is Benin. With an export gap of $1.42M.   Refined Petroleum’s highest import potential is United States with an import gap of $91M.

See methodology.

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