2022
Exports
$9.01MWorld Rnk 118 / 212
Flag Rnk 52 / 885
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$657kWorld Rnk 101 / 187
Flag Rnk 687 / 1129
2022
ECONOMIC COMPLEXITY of Ghana
-1.32Rnk 122 / 133

About

Exports In 2022, Ghana exported $9.01M in Scrap Iron, making it the 118th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 52nd most exported product in Ghana. The main destination of Scrap Iron exports from Ghana are: India ($8M), Netherlands ($846k), Spain ($143k), Niger ($13.4k), and Burkina Faso ($8.8k).

The fastest growing export markets for Scrap Iron of Ghana between 2021 and 2022 were India ($3.02M), Spain ($143k), and Netherlands ($116k).

Imports In 2022, Ghana imported $657k in Scrap Iron, becoming the 101st largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 687th most imported product in Ghana. Ghana imports Scrap Iron primarily from: United States ($429k), Australia ($123k), Burkina Faso ($73.4k), Lebanon ($16.4k), and Benin ($8.56k).

The fastest growing import markets in Scrap Iron for Ghana between 2021 and 2022 were United States ($410k), Australia ($109k), and Lebanon ($16.4k).

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 Scrap Iron. 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)$9.01M
IMPORTS (2022)$657k
NET TRADE (2022)$8.35M

In 2022, Ghana exported $9.01M in Scrap Iron. The main destinations of Ghana exports on Scrap Iron were India ($8M), Netherlands ($846k), Spain ($143k), Niger ($13.4k), and Burkina Faso ($8.8k).

In 2022, Ghana imported $657k in Scrap Iron, mainly from United States ($429k), Australia ($123k), Burkina Faso ($73.4k), Lebanon ($16.4k), and Benin ($8.56k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Ghana WERE (2021 - 2022):
India$3.02M (60.5%)
Spain$143k (1%)
Netherlands$116k (15.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Ghana WERE (2021 - 2022):
Malaysia-$79.2k (-100%)
Italy-$17.3k (-100%)
Togo-$2.81k (-54.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ghana's main exporting competitors in Scrap Iron were:
In 2022, Ghana's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $6.92M
TOP IMPORT POTENTIALUnited States+ $378k

Scrap Iron’s highest export potential is India. With an export gap of $6.92M.   Scrap Iron’s highest import potential is United States with an import gap of $378k.

See methodology.

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