2022
Exports
$107MWorld Rnk 102 / 214
Flag Rnk 13 / 885
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$1.79BWorld Rnk 89 / 225
Flag Rnk 1 / 1129
2022
ECONOMIC COMPLEXITY of Ghana
-1.32Rnk 122 / 133

About

Exports In 2022, Ghana exported $107M in Refined Petroleum, making it the 102nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 13th most exported product in Ghana. The main destination of Refined Petroleum exports from Ghana are: Burkina Faso ($102M), Benin ($2.5M), Niger ($1.48M), Togo ($241k), and Cote d'Ivoire ($69k).

The fastest growing export markets for Refined Petroleum of Ghana between 2021 and 2022 were Burkina Faso ($57.5M), Benin ($2.46M), and Niger ($1.48M).

Imports In 2022, Ghana imported $1.79B in Refined Petroleum, becoming the 89th 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 ($796M), Belgium ($447M), Malaysia ($156M), United States ($87M), and United Kingdom ($67.5M).

The fastest growing import markets in Refined Petroleum for Ghana between 2021 and 2022 were Netherlands ($370M), Belgium ($365M), and India ($53.4M).

Latest Trends

Aug 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 (2022)$107M
IMPORTS (2022)$1.79B
NET TRADE (2022)-$1.68B

In 2022, Ghana exported $107M in Refined Petroleum. The main destinations of Ghana exports on Refined Petroleum were Burkina Faso ($102M), Benin ($2.5M), Niger ($1.48M), Togo ($241k), and Cote d'Ivoire ($69k).

In 2022, Ghana imported $1.79B in Refined Petroleum, mainly from Netherlands ($796M), Belgium ($447M), Malaysia ($156M), United States ($87M), and United Kingdom ($67.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Ghana WERE (2021 - 2022):
Burkina Faso$57.5M (128%)
Benin$2.46M (7.61k%)
Niger$1.48M (136k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Ghana WERE (2021 - 2022):
Belgium-$13.6M (-100%)
United States-$10.8M (-100%)
Cote d'Ivoire-$1.6M (-95.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ghana's main exporting competitors in Refined Petroleum were:
In 2022, 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
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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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