2023
Exports
$5.81MWorld Rnk 84 / 221
Flag Rnk 98 / 1037
2023
PRODUCT COMPLEXITY IN Excavation Machinery
1.14Rnk 128 / 1025
2023
Imports
$191MWorld Rnk 54 / 224
Flag Rnk 17 / 1177
2023
ECONOMIC COMPLEXITY of Ghana
-0.97Rnk 109 / 132

About

Exports In 2023, Ghana exported $5.81M in Excavation Machinery, making it the 84th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 98th most exported product in Ghana. The main destination of Excavation Machinery exports from Ghana are: South Africa ($886k), Spain ($760k), Mauritania ($514k), Cote d'Ivoire ($488k), and United States ($355k).

The fastest growing export markets for Excavation Machinery of Ghana between 2022 and 2023 were Spain ($626k), Mauritania ($375k), and Australia ($179k).

Imports In 2023, Ghana imported $191M in Excavation Machinery, becoming the 54th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 17th most imported product in Ghana. Ghana imports Excavation Machinery primarily from: China ($94M), France ($21.7M), Netherlands ($8.32M), Belgium ($7.77M), and United States ($7.7M).

The fastest growing import markets in Excavation Machinery for Ghana between 2022 and 2023 were China ($65.3M), Malaysia ($6.75M), and France ($5.67M).

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 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 (2023)$5.81M
IMPORTS (2023)$191M
NET TRADE (2023)-$185M

In 2023, Ghana exported $5.81M in Excavation Machinery. The main destinations of Ghana exports on Excavation Machinery were South Africa ($886k), Spain ($760k), Mauritania ($514k), Cote d'Ivoire ($488k), and United States ($355k).

In 2023, Ghana imported $191M in Excavation Machinery, mainly from China ($94M), France ($21.7M), Netherlands ($8.32M), Belgium ($7.77M), and United States ($7.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Ghana WERE (2022 - 2023):
Spain$626k (467%)
Mauritania$375k (268%)
Australia$179k (562%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Ghana WERE (2022 - 2023):
Belgium-$2.9M (-93.5%)
Peru-$1.23M (-98.9%)
Mali-$999k (-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 Excavation Machinery were:
In 2023, 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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