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2022
Exports $5.21BWorld Rnk 27 / 149
Flag Rnk 2 / 885
2022
Destination $1B United States
2021 - 2022
FASTEST GROWING MARKET $1BUnited States
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $271kWorld Rnk 102 / 158
Flag Rnk 802 / 1129
2022
Origin $270k Israel
2021 - 2022
FASTEST GROWING ORIGIN $270kIsrael
2022
ECONOMIC COMPLEXITY of Ghana-1.32Rnk 122 / 133

About

Exports In 2022, Ghana exported $5.21B in Crude Petroleum, making it the 27th 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 ($2.36B), China ($1.46B), United Kingdom ($529M), Italy ($332M), and Germany ($130M).

The fastest growing export markets for Crude Petroleum of Ghana between 2021 and 2022 were United States ($1B), China ($567M), and United Kingdom ($529M).

Imports In 2022, Ghana imported $271k in Crude Petroleum, becoming the 102nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 802nd most imported product in Ghana. Ghana imports Crude Petroleum primarily from: Israel ($270k) and United Arab Emirates ($813).

The fastest growing import markets in Crude Petroleum for Ghana between 2021 and 2022 were Israel ($270k) and United Arab Emirates ($645).

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 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 (2022)$5.21B
IMPORTS (2022)$271k
NET TRADE (2022)$5.21B

In 2022, Ghana exported $5.21B in Crude Petroleum. The main destinations of Ghana exports on Crude Petroleum were United States ($2.36B), China ($1.46B), United Kingdom ($529M), Italy ($332M), and Germany ($130M).

In 2022, Ghana imported $271k in Crude Petroleum, mainly from Israel ($270k) and United Arab Emirates ($813).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Ghana WERE (2021 - 2022):
United States$1B (73.4%)
China$567M (63.5%)
United Kingdom$529M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Ghana WERE (2021 - 2022):
South Africa-$416M (-79.4%)
India-$282M (-100%)
Thailand-$154M (-65.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ghana's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Ghana's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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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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