Ghana top imports for the year 2011..

ghana-top-imports

According to the World Trade Organization, trade represented 109.3% of Ghana’s GDP from 2006-2008.  In 2008, merchandise exports totaled over $5.2bn while merchandise imports totaled over $10.2bn.  Also in 2008, commercial services exports totaled over $1.5bn while commercial services imports totaled close to $2bn.  Overall, Ghana is a net importer.

Note:  The information in this snapshot can help identify trade factors that may impact investments in Ghana.  For example, the higher the Trade-to-GDP ratio the greater sensitivity Ghana’s economy might have to global economic, trade, and financial fluctuations. Also, changes in economies or industries of key trading partners may trigger changes in Ghana’s economy and industries.

Major Imports and Exports

According to the International Trade Centre, the top five export categories for Ghana in 2008, along with percentage of total exports, were:

  1. Pearls, precious stones, metals, coins, etc. (45.5%)
  2. Cocoa and cocoa preparations (27.4%)
  3. Wood, articles of wood, and wood charcoal (7.5%)
  4. Edible fruits, nuts, peels of citrus fruit, and melons (3.2%)
  5. Boilers, machinery, nuclear reactors, etc. (1.9%)

According to the International Trade Centre, the top five import categories for Ghana in 2008, along with percentage of total imports, were:

  1. Vehicles other than railway (14.1%)
  2. Mineral fuels, oils, distillation products (13.8%)
  3. Boilers, machinery, nuclear reactors, etc. (12.4%)
  4. Electrical and electronic equipment (10%)
  5. Cereals (5.1%)

Major Trading Partners

The top three countries to which Ghana exports merchandise, along with percentage of exports, are:

  1. Netherlands (13.5%)
  2. Ukraine (11.8%)
  3. United Kingdom (8%)

The top three countries which import merchandise to Ghana, along with percentage of imports, are:

  1. China (15.6%)
  2. Nigeria (14.7%)
  3. India (7.4%)

Sources:  World Trade Organization, International Trade Centre, and The World Factbook

http://faostat.fao.org/desktopdefault.aspx?pageid=342&lang=en&country=81

http://atlas.media.mit.edu/profile/country/gha/

http://www.afribiz.info/content/2010/import-and-export-snapshot-for-ghana

http://www.ustr.gov/countries-regions/africa/west-africa/ghana

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About Anang Tawiah

About the author :: Anang Tawiah is a New York City based Management Consultant specializing in Investment Risk and Technology Strategy. He continues to guide many Blue chip companies and Governments as a Business and Technology Consultant. Please direct all follow up questions, concerns, request for speaking engagements and presentations regarding my articles and research to my Facebook Page listed below. You can read more of his analysis or reach him for further professional consultations and or guidance at: // Email: anang@labaddi.com // Follow me on Wordpress: www.anangtawiah.com // Follow me on Facebook: www.facebook.com/AnangTawiah

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