2022
Exports
$5.25MWorld Rnk 75 / 202
Flag Rnk 73 / 885
2022
PRODUCT COMPLEXITY IN Soap
-1.11Rnk 858 / 1025
2022
Imports
$76.3MWorld Rnk 32 / 223
Flag Rnk 61 / 1129
2022
ECONOMIC COMPLEXITY of Ghana
-1.32Rnk 122 / 133

About

Exports In 2022, Ghana exported $5.25M in Soap, making it the 75th largest exporter of Soap in the world. At the same year, Soap was the 73rd most exported product in Ghana. The main destination of Soap exports from Ghana are: Senegal ($1.1M), Burkina Faso ($865k), Cote d'Ivoire ($846k), United States ($834k), and Togo ($584k).

The fastest growing export markets for Soap of Ghana between 2021 and 2022 were Burkina Faso ($604k), Senegal ($422k), and Benin ($167k).

Imports In 2022, Ghana imported $76.3M in Soap, becoming the 32nd largest importer of Soap in the world. At the same year, Soap was the 61st most imported product in Ghana. Ghana imports Soap primarily from: Cote d'Ivoire ($28.6M), Indonesia ($23.2M), Malaysia ($11.8M), Nigeria ($4.57M), and China ($3.44M).

The fastest growing import markets in Soap for Ghana between 2021 and 2022 were Cote d'Ivoire ($7.29M), Indonesia ($4.02M), and Malaysia ($3.78M).

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 Soap. 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)$5.25M
IMPORTS (2022)$76.3M
NET TRADE (2022)-$71.1M

In 2022, Ghana exported $5.25M in Soap. The main destinations of Ghana exports on Soap were Senegal ($1.1M), Burkina Faso ($865k), Cote d'Ivoire ($846k), United States ($834k), and Togo ($584k).

In 2022, Ghana imported $76.3M in Soap, mainly from Cote d'Ivoire ($28.6M), Indonesia ($23.2M), Malaysia ($11.8M), Nigeria ($4.57M), and China ($3.44M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soap EXPORT MARKETS FOR Ghana WERE (2021 - 2022):
Burkina Faso$604k (232%)
Senegal$422k (62.4%)
Benin$167k (8.28k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soap BY Ghana WERE (2021 - 2022):
United States-$1.18M (-58.6%)
Cote d'Ivoire-$563k (-40%)
Niger-$287k (-37.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Soap by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.23M
TOP IMPORT POTENTIALChina+ $1.81M

Soap’s highest export potential is United States. With an export gap of $1.23M.   Soap’s highest import potential is China with an import gap of $1.81M.

See methodology.

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