2023
Exports
$34MWorld Rnk 60 / 202
Flag Rnk 38 / 1037
2023
PRODUCT COMPLEXITY IN Chocolate
0.3Rnk 459 / 1025
2023
Imports
$5.51MWorld Rnk 145 / 225
Flag Rnk 351 / 1177
2023
ECONOMIC COMPLEXITY of Ghana
-0.97Rnk 109 / 132

About

Exports In 2023, Ghana exported $34M in Chocolate, making it the 60th largest exporter of Chocolate in the world. At the same year, Chocolate was the 38th most exported product in Ghana. The main destination of Chocolate exports from Ghana are: Nigeria ($30.4M), Germany ($1.79M), Togo ($409k), United States ($358k), and Cote d'Ivoire ($175k).

The fastest growing export markets for Chocolate of Ghana between 2022 and 2023 were Nigeria ($9.5M), Germany ($538k), and Netherlands ($55.9k).

Imports In 2023, Ghana imported $5.51M in Chocolate, becoming the 145th largest importer of Chocolate in the world. At the same year, Chocolate was the 351st most imported product in Ghana. Ghana imports Chocolate primarily from: Turkey ($1.42M), Italy ($751k), China ($708k), India ($629k), and Switzerland ($285k).

The fastest growing import markets in Chocolate for Ghana between 2022 and 2023 were Switzerland ($198k), India ($140k), and Kenya ($111k).

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 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 (2023)$34M
IMPORTS (2023)$5.51M
NET TRADE (2023)$28.5M

In 2023, Ghana exported $34M in Chocolate. The main destinations of Ghana exports on Chocolate were Nigeria ($30.4M), Germany ($1.79M), Togo ($409k), United States ($358k), and Cote d'Ivoire ($175k).

In 2023, Ghana imported $5.51M in Chocolate, mainly from Turkey ($1.42M), Italy ($751k), China ($708k), India ($629k), and Switzerland ($285k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Ghana WERE (2022 - 2023):
Nigeria$9.5M (45.4%)
Germany$538k (42.9%)
Netherlands$55.9k (2.25k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Ghana WERE (2022 - 2023):
United Arab Emirates-$1.02M (-99.5%)
Japan-$373k (-98.3%)
Malaysia-$268k (-73.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Ghana's main exporting competitors in Chocolate were:
Germany $6.26B
Belgium $4.09B
Italy $2.74B
In 2023, 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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