2022
Exports
$23.5MWorld Rnk 62 / 196
Flag Rnk 30 / 885
2022
PRODUCT COMPLEXITY IN Chocolate
0.14Rnk 508 / 1025
2022
Imports
$9.16MWorld Rnk 129 / 225
Flag Rnk 299 / 1129
2022
ECONOMIC COMPLEXITY of Ghana
-1.32Rnk 122 / 133

About

Exports In 2022, Ghana exported $23.5M in Chocolate, making it the 62nd largest exporter of Chocolate in the world. At the same year, Chocolate was the 30th most exported product in Ghana. The main destination of Chocolate exports from Ghana are: Nigeria ($20.4M), Germany ($969k), United Arab Emirates ($674k), United States ($318k), and Togo ($312k).

The fastest growing export markets for Chocolate of Ghana between 2021 and 2022 were Nigeria ($7.93M), United Arab Emirates ($518k), and Togo ($194k).

Imports In 2022, Ghana imported $9.16M in Chocolate, becoming the 129th largest importer of Chocolate in the world. At the same year, Chocolate was the 299th most imported product in Ghana. Ghana imports Chocolate primarily from: Turkey ($4.55M), China ($1.4M), Italy ($565k), India ($452k), and Netherlands ($316k).

The fastest growing import markets in Chocolate for Ghana between 2021 and 2022 were Turkey ($436k), Nigeria ($42.9k), and Lebanon ($42.8k).

Latest Trends

Aug 2024

Subnational Monthly Trade

View
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 Chocolate. 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)$23.5M
IMPORTS (2022)$9.16M
NET TRADE (2022)$14.3M

In 2022, Ghana exported $23.5M in Chocolate. The main destinations of Ghana exports on Chocolate were Nigeria ($20.4M), Germany ($969k), United Arab Emirates ($674k), United States ($318k), and Togo ($312k).

In 2022, Ghana imported $9.16M in Chocolate, mainly from Turkey ($4.55M), China ($1.4M), Italy ($565k), India ($452k), and Netherlands ($316k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Ghana WERE (2021 - 2022):
Nigeria$7.93M (63.4%)
Togo$194k (165%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Ghana WERE (2021 - 2022):
Germany-$837k (-46.3%)
Angola-$158k (-100%)
Switzerland-$124k (-70.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ghana's main exporting competitors in Chocolate were:
Germany $5.61B
Belgium $3.01B
Italy $2.46B
In 2022, Ghana's main importing competitors in Chocolate were:

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.5M
TOP IMPORT POTENTIALItaly+ $619k

Chocolate’s highest export potential is Germany. With an export gap of $1.5M.   Chocolate’s highest import potential is Italy with an import gap of $619k.

See methodology.

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