Storage Fee = 9.4%. Ghana exported Petroleum oils and oils obtained from bituminou , worth US$ 5,251,688.77 million. This page displays a table with Ghana Imports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. In general, all imports are subject to customs duties. He said, the NDC Government built the Komenda Sugar factory and secured a loan to . Have a complete outlook on Ghanaian import market with Ghana import statistics and customs data. Read about our approach to external linking. The BBC is not responsible for the content of external sites. A farmer collects a cocoa pod at a farm in Alepe, Ivory Coast December 7, 2020. Aluminum was the fastest grower among Ghana's top 10 export categories, up by 53.7% from 2020 to 2021. Overview In August 2022, China exported $755M and imported $197M from Ghana, resulting in a positive trade balance of $558M. Following two years of declines, US goods exports to China increased by $14 billion in 2017growing twice as fast as exports to the rest of the world. Chinas Development Finance to Africa: A Media-Based Approach to Data Collection. Ghana has a long history of mining, especially for gold. This reflects a sharp rise in two-way trade between the two countries from $93.13 million in 2000 to $433.74 million in 2005. During the last 25 years the exports of Ghana to China have increased at an annualized rate of 26.5%, from $4.23M in 1995 to $1.52B in 2020. For Ghanaian Food and Drug Authority (FDA) -regulated products (certain food . [14] With the economic reform and opening up in the PRC, migrants from mainland China began arriving. The export value of wood in Ghana decreased to 196.5 million U.S. dollars in 2019, from 216.7 million U.S. dollars in the preceding year. Related questions. This is to enable the private sector to invest, create wealth and generate employment and thereby facilitate the realisation of the Golden Age of Business which the President promised investors, he said, pledging the commitment and cooperation of the ministry with the private sector to move the economy forward. You also have the option to opt-out of these cookies. Major Trade Partners The Ghana Cocoa Board (COCOBOD) is assessing the potential impact of the export of cocoa beans by China on the local cocoa industry. We also use third-party cookies that help us analyze and understand how you use this website. Exports The top exports of Ghana are Gold ($5.93B), Crude Petroleum ($2.71B), Cocoa Beans ($1.28B), Cocoa Paste ($414M), and Coconuts, Brazil Nuts, and Cashews ($361M), exporting mostly to Switzerland ($3.07B), United Arab Emirates ($1.64B), China ($1.52B), India ($1.18B), and Netherlands ($697M). The international media and Ghana's local media have been awash with news of China's first ever export of cocoa beans to Europe, precisely Belgium. Eligible businesses can receive one-to-one guidance, specialist market information, and get. 6. [7], An indication of the importance China attaches to its economic relationship with Ghana in the West African region was the decision to open the fourth office of the China-Africa Development Fund in Accra. Three leap from migrant rescue boat held in Italy, Olivia Attwood withdraws from I'm a Celebrity. What is Ghana's biggest export? Find many great new & used options and get the best deals for Europe mostly Scandinavia very fine MNH assortment in book High Cat Value at the best online prices at eBay! Ghana, wake up! Democrats elevated this Republican. Quoting data from the International Trade Centre, he said in 2018, Ghana's exports to China amounted to US$2.4 billion, surpassing other trade partners. Speaking at the launch of the E-Tang Group Ghana Ltd, a subsidiary . IATF2023-Market Place. amounted to 0.39% of total exports from Ghana (cumulative merchandise exports from Ghana totalled $ 16.7 billion in 2019). The two West African countries control 60% of the world's total . Ghana operates under the Customs Valuation Code . US$28 million interest-free loan for the construction of the 17km Ofankor-Nsawam road completed in 2009. 2013. For full datasets download visit Bulk Download page. As a beneficiary of the African Growth and Opportunity Act (AGOA), Ghana has duty-free access to the U.S. market for over 1,800 products, in addition to the more than 5,000 products . In 2012, China-Ghana bilateral trade volume surpassed 5 billion UD dollars for the first time in many years. The procedures for importing goods from China to Ghana are detailed in the following section. Recently the. The value of Belgium's cocoa beans exports in 2016 was $613 million constituting 13% of the global market share. Transportation (4.5%) Vehicle parts, passengers and cargo ships, motorcycles, etc. The report blames corrupt officials in Ghana for forging documents to allow the wood to leave the country. China-Ghana In 2020, China exported $6.75B to Ghana. In 2019, no countries were registered that imported more from Ghana than from China. The CoC is a compulsory requirement to obtain Customs clearance of goods into Ghana. (Source: IMF) Ghana is currently our 83rd largest goods trading partner with $1.8 billion in total (two way) goods trade during 2019. [6] These have culminated in frictions between the Ghana Union of Traders Association and some Ghanaian traders in general on one part, and Chinese migrants on the other hand. These were said during the maiden Ghana-China Economic and Culture week, which is underway as part of activities marking the 60th [] This section shows exports and imports data at subnational level for China. [8], Premier Wen Jiabao's 2007 visit resulted in the signing of six agreements and a US$66 million Chinese loan to expand and upgrade Ghana's telecommunications network. 2020 Exports: $6.75B, Rnk 54 / 209, 2020 Top Product: $232M, Coated Flat-Rolled Iron, 2020 Exports: $1.52B, Rnk 3 / 124, 2020 Top Product: $1.24B, Crude Petroleum, 2020 Economic Complexity (ECI): ECI 0.96, Rnk 28 / 127, 2020 Economic Complexity (ECI): ECI -1.32, Rnk 120 / 127, 2020 GDP: $14.7T, CURRENT US$Rnk 2 / 195, 2010-2020 GDP GROWTH: 142%, CURRENT US$Rnk 5 / 195, 2020 GDP: $68.5B, CURRENT US$Rnk 73 / 195, 2010-2020 GDP GROWTH: 113%, CURRENT US$Rnk 15 / 195, 2020 GDP PC: $10,435, CURRENT US$Rnk 68 / 195, 2010-2020GDP PC GROWTH: 129%, CURRENT US$Rnk 5 / 195, 2020GDP PC: $2,206, CURRENT US$Rnk 146 / 195, 2010-2020GDP PC GROWTH: 69.7%, CURRENT US$Rnk 18 / 195. It called for the trade in rosewood to be suspended across the West African region and for China to comply with international agreements on endangered species. Goods exports to China rebounded in 2017. "Since 2012, over 540,000 tons of rosewood - the equivalent of 23,478 twenty-foot containers or approximately six million trees - were illegally harvested and imported into China from Ghana while bans on harvest and trade have been in place," the group added. Mineral fuels, oils, distillation products, Fish, crustaceans, molluscs, aquatics invertebrates, Oil seed, oleagic fruits, grain, seed, fruits, Raw hides and skins (other than furskins) and leather, Inorganic chemicals, precious metal compound, isotope, Animal, vegetable fats and oils, cleavage products, Albuminoids, modified starches, glues, enzymes, Dairy products, eggs, honey, edible products, Soaps, lubricants, waxes, candles, modelling pastes, Musical instruments, parts and accessories, Manufacturers of plaiting material, basketwork, Milling products, malt, starches, inlin, wheat gluten, Optical, photo, technical, medical apparatus, Essential oils, perfumes, cosmetics, toileteries, Cereal, flour, starch, milk preparations and products, Salt, sulphur, earth, stone, plaster, lime and cement, Other made textile articles, sets, worn clothing, Articles of leather, animal gut, harness, travel good, Edible fruits, nuts, peel of citrus fruit, melons, Edible vegetables and certain roots and tubers, Articles of apparel, not knit or crocheted, Residues, wastes of food industry, animal fodder, Furniture, lighting signs, prefabricated buildings, Bird skin, feathers, artificial flowers, human hair, Paper and paperboard, articles of pulp, paper and board. Wood exports from Ghana mainly fluctuated. That same year, Ghana ranked 120 in the Economic Complexity Index (ECI -1.32), and 80 in total exports ($13.1B). The total shipping per product was around USD 6. The main products that China exported to Ghana are Coated Flat-Rolled Iron ($232M), Rubber Footwear ($211M), and Motorcycles and cycles ($173M). Of 283 projects that Chinese nationals and SOEs have investments in 97 are in manufacturing, 59 in trading, 48 in tourism, 44 in services and 15 in construction. October 19, 2022. Ghana's timber and wood product exports in January 2017 amounted to 30,758 cubic metres, a 5.76% year-on-year increase when compared to the January 2016. Similarly, the more yellow a dot/product is, the more Ghana has comparative advantage over China. These cookies will be stored in your browser only with your consent. If you plan to sell in China long-term, using a bonded warehouse can be advantageous as you will be able to reduce your shipping costs a lot. They comprise products such as cocoa beans, logs, electricity, fresh fish, fresh yams and mineral ore (Unprocessed gold, diamond, bauxite, etc.). 12.91bn USD. The capital might of the Chinese merchants trading in Ghana have culminated in substantial impacts on Ghanaian traders and trading spaces. Basic Requirements for Export While advising the Ghanaian workers at the company to work hard and grow the business into an international status, Nana Appiagyei Dankawoso also advised the management to treat the Ghanaian workers fairly, saying pay them well just as you would do for your Chinese brothers back home. Comparison In 2020, China ranked 28 in the Economic Complexity Index (ECI 0.96), and 1 in total exports ($2.65T). China is one of Ghana's trade partners as bilateral trade increased to 27.39%, 69.04% and 56.5% in 2010, 2011, and 2012 repectively. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. In 2019, Ghana GDP was an estimated $67.1 billion (current market exchange rates); real GDP was up by an estimated 6.1%; and the population was 30 million. This cookie is set by GDPR Cookie Consent plugin. Ghana is the largest exporter of Sesame seeds and accounts for 352 shipments. He said developments in the road sector, at least, pointed to a good impact, stressing also that Ghana-China relationship was essential to the stability of trade flows. This page was last edited on 2 November 2022, at 13:32. Rosewood is supposed to be protected by Cites, the Convention on International Trade in Endangered Species of Wild Fauna and Flora, but the EIA says this protection is not enough. China has provided substantial technical support to Ghana with more than 700 Ghanaians having attended Chinese-funded training courses in education, trading, communication, energy, auditing, agriculture and fisheries operation. This meant that with its import value of $13.2 billion, Ghana's trade balance was a positive, at $3.9 billion. In 2005 US$433.74 million worth of imports came into Ghana from China with Ghana exporting US$0.1 worth of exports. During the period under review, air dried sawnwood, mouldings and peeled veneer exports grew sharply with the value of exports increasing by 26%, 17% and 5% respectively. But opting out of some of these cookies may affect your browsing experience. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. To check Ghana and China trade dynamics, check the bilateral page. Video, Why mourners are opting to scatter ashes by drone, Africa Live: More on this and other stories, Fisherman tried to break window to save pilots, West urged to step up Ukraine air defence support, Dogs gifted by North Korea's Kim may need new home, Cardinal among 11 French bishops accused of abuse. The following are the specific steps required to import a good into Ghana: Obtain registration certificate from the Registrar General's Department. Top UK goods exports to Ghana include: This website uses cookies to improve your experience while you navigate through the website. Origins In August 2022 the exports of China were mainly from Zhejiang Province ($171M), Guangdong Province ($116M), Shandong Province ($90M), Jiangsu Province ($50.5M), and Fujian Province ($49M), while imports destinations were mainly Beijing ($113M), Ningxia Hui Autonomous Region ($58M), Shanghai Province ($19.8M), Hebei Province ($1.72M), and Guangdong Province ($1.07M). These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. The big issues facing Egypt's COP27 climate summit, The surprising truth about the Philistines, South Koreans demand justice for Itaewon dead, 'There really is more to life than posting on Instagram', Why mourners are opting to scatter ashes by drone. By value, the listed 15 countries shipped 97.5% of cement imported by United States in 2021. Read about our approach to external linking. He added that though the figures looked impressive, the critical question to be asked of the FDIs was the sort of impact they had on business growth and development, as well as the quality of life of the people. In 2019, Ghana's exports of cocoa and cocoa. According to Eric Opoku, Ghana imports almost everything yet the government boasts of implementing one district one factory. . These cookies ensure basic functionalities and security features of the website, anonymously. Goods exports totaled $840 million; goods imports . Quoting data from the International Trade Centre, he said in 2018, Ghana's exports to China amounted to US$2.4 billion, surpassing other trade partners. China is exporting Cocoa to Belgium. Trade, Complexity, and Rankings Updated to 2020, EXPORT GROWTH (August 2021 - August 2022), IMPORT GROWTH (August 2021 - August 2022). This visualization show the product space at the HS4 level colored from blue to yellow. Exporters shipping to Ghana any products within the categories listed below, from any Country of Origin, will require a Certificate of Conformity for . U.S. exports of services to China were an estimated $58.9 billion. [12] In the late 1960s and early 1970s, some of the Hong Kong migrants began to bring their wives and children over to Ghana. In 2019, countries that imported more from China than Ghana were United States ($438B), Hong Kong ($262B), and Japan ($151B). During the last 25 years the exports of China to Ghana have increased at an annualized rate of 20%, from $71.3M in 1995 to $6.75B in 2020. Ghana Exports to China - data, historical chart and statistics - was last updated on November of 2022. Chinese Premier Wen Jiabao visited Ghana on the second leg of his seven-nation tour of Africa in 2007. [7], In April 2007 the CPPCC's Chairman, Jia Qinglin, granted a US$30 million concessional loan for the Dedicated Communications Project to foster closer military and security ties between the two countries. Standard users can export data in a easy to use web interface or using an excel add-in. The main products that Ghana exported to China were Crude Petroleum ($1.24B), Manganese Ore ($164M), and Sawn Wood ($24.3M). [13] The sources of migration have also expanded; whereas earlier migrants came mostly from Hong Kong or Shanghai, later Chinese migrants have arrived from Guangdong and Henan as well as the Republic of China on Taiwan. He said currently, China was Ghana's largest trade partner, contributing hugely to Foreign Direct Investments in the country. About six million rosewood trees have been cut down in Ghana for illegal export to China since 2012, an environmental group says. After the coup, Nkrumah stayed in Beijing for four days and Premier Zhou Enlai treated Nkrumah with courtesy. August 31, 2022. In 2020, China did not export any services to Ghana. Meanwhile, the United States stayed safely on top, exporting $99.6 billion, and Russia stayed in the second slot at $61.5 billion.
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