2022
Exports
$7.11MWorld Rnk 80 / 221
Flag Rnk 64 / 885
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$202MWorld Rnk 51 / 224
Flag Rnk 15 / 1129
2022
ECONOMIC COMPLEXITY of Ghana
-1.32Rnk 122 / 133

About

Exports In 2022, Ghana exported $7.11M in Excavation Machinery, making it the 80th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 64th most exported product in Ghana. The main destination of Excavation Machinery exports from Ghana are: Belgium ($3.09M), South Africa ($1.52M), Netherlands ($669k), Sweden ($447k), and Angola ($275k).

The fastest growing export markets for Excavation Machinery of Ghana between 2021 and 2022 were Belgium ($2.73M), South Africa ($1.29M), and Netherlands ($653k).

Imports In 2022, Ghana imported $202M in Excavation Machinery, becoming the 51st largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 15th most imported product in Ghana. Ghana imports Excavation Machinery primarily from: N/A.

The fastest growing import markets in Excavation Machinery for Ghana between 2021 and 2022 were China ($16.4M), Netherlands ($12.1M), and France ($8.64M).

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 Excavation Machinery. 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)$7.11M
IMPORTS (2022)$202M
NET TRADE (2022)-$195M

In 2022, Ghana exported $7.11M in Excavation Machinery. The main destinations of Ghana exports on Excavation Machinery were Belgium ($3.09M), South Africa ($1.52M), Netherlands ($669k), Sweden ($447k), and Angola ($275k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Ghana WERE (2021 - 2022):
Belgium$2.73M (760%)
South Africa$1.29M (548%)
Netherlands$653k (4.08k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Ghana WERE (2021 - 2022):
Malaysia-$3.24M (-100%)
Sweden-$437k (-49.4%)
Cote d'Ivoire-$349k (-65.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ghana's main exporting competitors in Excavation Machinery were:
In 2022, Ghana's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSouth Africa+ $621k
TOP IMPORT POTENTIALChina+ $14M

Excavation Machinery’s highest export potential is South Africa. With an export gap of $621k.   Excavation Machinery’s highest import potential is China with an import gap of $14M.

See methodology.

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