UAE remains Ghana's top export market, China leads in imports

Data from the Ghana Statistical Service (GSS) has indicated that the United Arab Emirates (UAE) remains Ghana's top export destination.

Exports to the UAE accounted for GH¢15.0 billion for the second quarter of 2024 representing 23.3 percent of total exports.

“Switzerland followed closely with exports valued at GH¢13.2 billion representing 20.5%, while South Africa ranked third, with exports amounting to GH¢8.3 billion (12.9%)”, the data captured.

China remained Ghana’s primary source of imports, contributing GH¢12.3 billion (20.9% of total imports).

China was followed by the UAE with a value of GH¢9.1 billion (15.4%) and the United Kingdom with an import value of GH¢5.2 billion (8.8%).

The data also revealed that Ghana’s import market was predominated by gas oil (GH¢7.3 billion) and motor spirit super (GH¢7.2 billion), which together contributed a quarter (24.7%) of the total import value of GH¢58.8 billion.

“Export prices recorded a 40.5 percent year-on-year increase, driven largely by surging gold prices while import prices increased by 18.9 percent,” the GSS data noted.

SSD/MA

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