2023
Exports
$5.13BWorld Rnk 28 / 150
Flag Rnk 2 / 1037
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$125MWorld Rnk 72 / 159
Flag Rnk 29 / 1177
2023
ECONOMIC COMPLEXITY of Ghana
-0.97Rnk 109 / 132

About

Exports In 2023, Ghana exported $5.13B in Crude Petroleum, making it the 28th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most exported product in Ghana. The main destination of Crude Petroleum exports from Ghana are: United States ($1.23B), China ($1.08B), Canada ($813M), Italy ($551M), and Brazil ($358M).

The fastest growing export markets for Crude Petroleum of Ghana between 2022 and 2023 were Brazil ($358M), Portugal ($233M), and Italy ($218M).

Imports In 2023, Ghana imported $125M in Crude Petroleum, becoming the 72nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 29th most imported product in Ghana. Ghana imports Crude Petroleum primarily from: United States ($75.5M), Kazakhstan ($45.5M), Liberia ($2.44M), Angola ($926k), and Greece ($346k).

The fastest growing import markets in Crude Petroleum for Ghana between 2022 and 2023 were United States ($75.5M), Kazakhstan ($45.5M), and Liberia ($2.44M).

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 Crude 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)$5.13B
IMPORTS (2023)$125M
NET TRADE (2023)$5.01B

In 2023, Ghana exported $5.13B in Crude Petroleum. The main destinations of Ghana exports on Crude Petroleum were United States ($1.23B), China ($1.08B), Canada ($813M), Italy ($551M), and Brazil ($358M).

In 2023, Ghana imported $125M in Crude Petroleum, mainly from United States ($75.5M), Kazakhstan ($45.5M), Liberia ($2.44M), Angola ($926k), and Greece ($346k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Ghana WERE (2022 - 2023):
Brazil$358M (1%)
Portugal$233M (1%)
Italy$218M (65.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Ghana WERE (2022 - 2023):
United States-$1.11B (-47.5%)
Canada-$948M (-53.8%)
United Kingdom-$435M (-71.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $913M
TOP IMPORT POTENTIALUnited Arab Emirates+ $10.4k

Crude Petroleum’s highest export potential is China. With an export gap of $913M.   Crude Petroleum’s highest import potential is United Arab Emirates with an import gap of $10.4k.

See methodology.

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