2022
Exports
$652World Rnk 130 / 157
Flag Rnk 769 / 885
2022
PRODUCT COMPLEXITY IN Silicone
1.72Rnk 20 / 1025
2022
Imports
$1.29MWorld Rnk 104 / 215
Flag Rnk 600 / 1129
2022
ECONOMIC COMPLEXITY of Ghana
-1.32Rnk 122 / 133

About

Exports In 2022, Ghana exported $652 in Silicone, making it the 130th largest exporter of Silicone in the world. At the same year, Silicone was the 769th most exported product in Ghana. The main destination of Silicone exports from Ghana are: Nigeria ($651) and Germany ($1).

The fastest growing export markets for Silicone of Ghana between 2021 and 2022 were Nigeria ($651) and Germany ($1).

Imports In 2022, Ghana imported $1.29M in Silicone, becoming the 104th largest importer of Silicone in the world. At the same year, Silicone was the 600th most imported product in Ghana. Ghana imports Silicone primarily from: United States ($522k), China ($158k), Belgium ($125k), Ireland ($124k), and Italy ($99.2k).

The fastest growing import markets in Silicone for Ghana between 2021 and 2022 were United States ($510k), Ireland ($124k), and Belgium ($114k).

Latest Trends

Jul 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 Silicone. 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)$652
IMPORTS (2022)$1.29M
NET TRADE (2022)-$1.29M

In 2022, Ghana exported $652 in Silicone. The main destinations of Ghana exports on Silicone were Nigeria ($651) and Germany ($1).

In 2022, Ghana imported $1.29M in Silicone, mainly from United States ($522k), China ($158k), Belgium ($125k), Ireland ($124k), and Italy ($99.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Ghana WERE (2021 - 2022):
Nigeria$651 (1%)
Germany$1 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Ghana WERE (2021 - 2022):
Benin-$2.73k (-100%)
China-$44 (-100%)
Namibia-$20 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNigeria+ $816
TOP IMPORT POTENTIALUnited States+ $276k

Silicone’s highest export potential is Nigeria. With an export gap of $816.   Silicone’s highest import potential is United States with an import gap of $276k.

See methodology.

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