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2022
Exports $2.77kWorld Rnk 111 / 144
Flag Rnk 683 / 885
2022
Destination $2.75k Burkina Faso
2021 - 2022
FASTEST GROWING MARKET $2.75kBurkina Faso
2022
PRODUCT COMPLEXITY IN Waxes0.46Rnk 381 / 1025
2022
Imports $727kWorld Rnk 107 / 203
Flag Rnk 674 / 1129
2022
Origin $188k Spain
2021 - 2022
FASTEST GROWING ORIGIN $188kSpain
2022
ECONOMIC COMPLEXITY of Ghana-1.32Rnk 122 / 133

About

Exports In 2022, Ghana exported $2.77k in Waxes, making it the 111th largest exporter of Waxes in the world. At the same year, Waxes was the 683rd most exported product in Ghana. The main destination of Waxes exports from Ghana are: Burkina Faso ($2.75k) and South Africa ($15).

The fastest growing export markets for Waxes of Ghana between 2021 and 2022 were Burkina Faso ($2.75k) and South Africa ($15).

Imports In 2022, Ghana imported $727k in Waxes, becoming the 107th largest importer of Waxes in the world. At the same year, Waxes was the 674th most imported product in Ghana. Ghana imports Waxes primarily from: Spain ($302k), China ($126k), Nigeria ($50.3k), South Africa ($49.6k), and France ($47.7k).

The fastest growing import markets in Waxes for Ghana between 2021 and 2022 were Spain ($188k), Nigeria ($50.3k), and Germany ($32k).

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 Waxes. 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)$2.77k
IMPORTS (2022)$727k
NET TRADE (2022)-$724k

In 2022, Ghana exported $2.77k in Waxes. The main destinations of Ghana exports on Waxes were Burkina Faso ($2.75k) and South Africa ($15).

In 2022, Ghana imported $727k in Waxes, mainly from Spain ($302k), China ($126k), Nigeria ($50.3k), South Africa ($49.6k), and France ($47.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Waxes EXPORT MARKETS FOR Ghana WERE (2021 - 2022):
Burkina Faso$2.75k (1%)
South Africa$15 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Waxes BY Ghana WERE (2021 - 2022):
Cote d'Ivoire-$17.3k (-100%)
Nigeria-$363 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ghana's main exporting competitors in Waxes were:
Germany $806M
United States $613M
China $485M
In 2022, Ghana's main importing competitors in Waxes were:
China $461M
United States $324M
Germany $251M

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Trade Value of Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $835
TOP IMPORT POTENTIALChina+ $115k

Waxes’s highest export potential is United States. With an export gap of $835.   Waxes’s highest import potential is China with an import gap of $115k.

See methodology.

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