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Exports In 2022, Ghana exported $2.61k in Nitric Acids, making it the 89th largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 688th most exported product in Ghana. The main destination of Nitric Acids exports from Ghana are: Burkina Faso ($1.66k), Togo ($807), and Niger ($146).

The fastest growing export markets for Nitric Acids of Ghana between 2021 and 2022 were Burkina Faso ($1.06k), Togo ($807), and Niger ($146).

Imports In 2022, Ghana imported $1.32M in Nitric Acids, becoming the 50th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 597th most imported product in Ghana. Ghana imports Nitric Acids primarily from: Belgium ($974k), Netherlands ($122k), South Korea ($68.7k), China ($61.9k), and Nigeria ($54.6k).

The fastest growing import markets in Nitric Acids for Ghana between 2021 and 2022 were Belgium ($614k), South Korea ($68.1k), and Nigeria ($54.6k).

Latest Trends

Sep 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 Nitric Acids. 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)$2.61k
IMPORTS (2022)$1.32M
NET TRADE (2022)-$1.32M

In 2022, Ghana exported $2.61k in Nitric Acids. The main destinations of Ghana exports on Nitric Acids were Burkina Faso ($1.66k), Togo ($807), and Niger ($146).

In 2022, Ghana imported $1.32M in Nitric Acids, mainly from Belgium ($974k), Netherlands ($122k), South Korea ($68.7k), China ($61.9k), and Nigeria ($54.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR Ghana WERE (2021 - 2022):
Burkina Faso$1.06k (178%)
Togo$807 (1%)
Niger$146 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY Ghana WERE (2021 - 2022):Angola-$266 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Ghana's main exporting competitors in Nitric Acids were:
In 2022, Ghana's main importing competitors in Nitric Acids were:
Germany $83.3M
France $64.3M
Japan $47.6M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $523
TOP IMPORT POTENTIALSouth Korea+ $45.6k

Nitric Acids’s highest export potential is Germany. With an export gap of $523.   Nitric Acids’s highest import potential is South Korea with an import gap of $45.6k.

See methodology.

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