2023
Exports
$120kWorld Rnk 84 / 187
Flag Rnk 446 / 1037
2023
PRODUCT COMPLEXITY IN Electromagnets
1.1Rnk 144 / 1025
2023
Imports
$2.09MWorld Rnk 89 / 216
Flag Rnk 515 / 1177
2023
ECONOMIC COMPLEXITY of Ghana
-0.97Rnk 109 / 132

About

Exports In 2023, Ghana exported $120k in Electromagnets, making it the 84th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 446th most exported product in Ghana. The main destination of Electromagnets exports from Ghana are: Egypt ($59.4k), Nigeria ($35k), Cote d'Ivoire ($11.5k), Senegal ($6.41k), and Djibouti ($4.9k).

The fastest growing export markets for Electromagnets of Ghana between 2022 and 2023 were Egypt ($59.4k), Nigeria ($35k), and Senegal ($6.41k).

Imports In 2023, Ghana imported $2.09M in Electromagnets, becoming the 89th largest importer of Electromagnets in the world. At the same year, Electromagnets was the 515th most imported product in Ghana. Ghana imports Electromagnets primarily from: Germany ($921k), India ($271k), China ($218k), South Africa ($217k), and United Kingdom ($134k).

The fastest growing import markets in Electromagnets for Ghana between 2022 and 2023 were Germany ($875k), India ($91.3k), and United Kingdom ($73.6k).

Latest Trends

Jan 2025

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 Electromagnets. 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)$120k
IMPORTS (2023)$2.09M
NET TRADE (2023)-$1.97M

In 2023, Ghana exported $120k in Electromagnets. The main destinations of Ghana exports on Electromagnets were Egypt ($59.4k), Nigeria ($35k), Cote d'Ivoire ($11.5k), Senegal ($6.41k), and Djibouti ($4.9k).

In 2023, Ghana imported $2.09M in Electromagnets, mainly from Germany ($921k), India ($271k), China ($218k), South Africa ($217k), and United Kingdom ($134k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Ghana WERE (2022 - 2023):
Egypt$59.4k (1%)
Nigeria$35k (1%)
Senegal$6.41k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Ghana WERE (2022 - 2023):
Cote d'Ivoire-$25.4k (-68.9%)
Netherlands-$652 (-100%)
Sweden-$395 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Ghana's main exporting competitors in Electromagnets were:
China $5.34B
Germany $1.17B
Japan $974M
In 2023, Ghana's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $747
TOP IMPORT POTENTIALChina+ $217k

Electromagnets’s highest export potential is United States. With an export gap of $747.   Electromagnets’s highest import potential is China with an import gap of $217k.

See methodology.

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