2022
Exports
$68.9MWorld Rnk 33 / 149
Flag Rnk 19 / 885
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$202MWorld Rnk 48 / 208
Flag Rnk 14 / 1129
2022
ECONOMIC COMPLEXITY of Ghana
-1.32Rnk 122 / 133

About

Exports In 2022, Ghana exported $68.9M in Palm Oil, making it the 33rd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 19th most exported product in Ghana. The main destination of Palm Oil exports from Ghana are: Senegal ($25.5M), Cote d'Ivoire ($11.1M), Germany ($8.81M), Nigeria ($8.64M), and Niger ($4.47M).

The fastest growing export markets for Palm Oil of Ghana between 2021 and 2022 were Germany ($8.79M), Nigeria ($4.85M), and Cote d'Ivoire ($4.64M).

Imports In 2022, Ghana imported $202M in Palm Oil, becoming the 48th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 14th most imported product in Ghana. Ghana imports Palm Oil primarily from: Cote d'Ivoire ($77.8M), Malaysia ($74.8M), Indonesia ($36.4M), Togo ($7.34M), and Singapore ($3.36M).

The fastest growing import markets in Palm Oil for Ghana between 2021 and 2022 were Cote d'Ivoire ($27.2M), Singapore ($2.76M), and Thailand ($2.18M).

COMPANIES In 2023, leading companies such as Chevron (3) were at the forefront of shipping Palm Oil from Ghana to the United States.

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 Palm Oil. 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)$68.9M
IMPORTS (2022)$202M
NET TRADE (2022)-$133M

In 2022, Ghana exported $68.9M in Palm Oil. The main destinations of Ghana exports on Palm Oil were Senegal ($25.5M), Cote d'Ivoire ($11.1M), Germany ($8.81M), Nigeria ($8.64M), and Niger ($4.47M).

In 2022, Ghana imported $202M in Palm Oil, mainly from Cote d'Ivoire ($77.8M), Malaysia ($74.8M), Indonesia ($36.4M), Togo ($7.34M), and Singapore ($3.36M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Ghana WERE (2021 - 2022):
Germany$8.79M (37.3k%)
Nigeria$4.85M (128%)
Cote d'Ivoire$4.64M (71.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Ghana WERE (2021 - 2022):
Senegal-$23.2M (-47.6%)
Niger-$10.4M (-69.9%)
Netherlands-$3.26M (-77.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ghana's main exporting competitors in Palm Oil were:
In 2022, Ghana's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.29M
TOP IMPORT POTENTIALIndonesia+ $12.1M

Palm Oil’s highest export potential is Germany. With an export gap of $5.29M.   Palm Oil’s highest import potential is Indonesia with an import gap of $12.1M.

See methodology.

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