2023
Exports
$255MWorld Rnk 7 / 128
Flag Rnk 7 / 1037
2023
PRODUCT COMPLEXITY IN Cocoa Butter
-1.34Rnk 911 / 1025
2023
Imports
$84.8kWorld Rnk 106 / 179
Flag Rnk 949 / 1177
2023
ECONOMIC COMPLEXITY of Ghana
-0.97Rnk 109 / 132

About

Exports In 2023, Ghana exported $255M in Cocoa Butter, making it the 7th largest exporter of Cocoa Butter in the world. At the same year, Cocoa Butter was the 7th most exported product in Ghana. The main destination of Cocoa Butter exports from Ghana are: Netherlands ($127M), France ($60.8M), Germany ($22.4M), United States ($21.9M), and Italy ($9.4M).

The fastest growing export markets for Cocoa Butter of Ghana between 2022 and 2023 were Spain ($4.76M), Poland ($2.04M), and Italy ($1.26M).

Imports In 2023, Ghana imported $84.8k in Cocoa Butter, becoming the 106th largest importer of Cocoa Butter in the world. At the same year, Cocoa Butter was the 949th most imported product in Ghana. Ghana imports Cocoa Butter primarily from: Germany ($83.8k), South Africa ($428), United Kingdom ($270), United Arab Emirates ($195), and United States ($97).

The fastest growing import markets in Cocoa Butter for Ghana between 2022 and 2023 were Germany ($83.8k), South Africa ($428), and United Kingdom ($62).

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 Cocoa Butter. 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)$255M
IMPORTS (2023)$84.8k
NET TRADE (2023)$255M

In 2023, Ghana exported $255M in Cocoa Butter. The main destinations of Ghana exports on Cocoa Butter were Netherlands ($127M), France ($60.8M), Germany ($22.4M), United States ($21.9M), and Italy ($9.4M).

In 2023, Ghana imported $84.8k in Cocoa Butter, mainly from Germany ($83.8k), South Africa ($428), United Kingdom ($270), United Arab Emirates ($195), and United States ($97).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Butter EXPORT MARKETS FOR Ghana WERE (2022 - 2023):
Spain$4.76M (344%)
Poland$2.04M (8.85k%)
Italy$1.26M (15.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Butter BY Ghana WERE (2022 - 2023):
United States-$16M (-42.3%)
Belgium-$5.23M (-97.3%)
United Kingdom-$3.72M (-82.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Ghana's main exporting competitors in Cocoa Butter were:
In 2023, Ghana's main importing competitors in Cocoa Butter were:

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Trade Value of Cocoa Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $24.3M
TOP IMPORT POTENTIALCote d'Ivoire+ $924

Cocoa Butter’s highest export potential is United States. With an export gap of $24.3M.   Cocoa Butter’s highest import potential is Cote d'Ivoire with an import gap of $924.

See methodology.

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