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Key information about Ghana's Trade Balance
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Ghana recorded a trade surplus of 49.10 USD Million in August of 2025. This dataset provides - Ghana Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Ghana: Terms of trade, base year = 2000: The latest value from 2023 is 117.8 percent, an increase from 111.1 percent in 2022. In comparison, the world average is 103.42 percent, based on data from 188 countries. Historically, the average for Ghana from 1980 to 2023 is 85.5 percent. The minimum value, 51.93 percent, was reached in 1993 while the maximum of 121.97 percent was recorded in 1980.
The statistic shows Ghana's trade balance of goods from 2014 to 2024. Trade balance is the value of exported goods minus the value of imported goods. A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. In 2024, Ghana's trade surplus amounted to around **** billion U.S. dollars.
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Trade (% of GDP) in Ghana was reported at 69.35 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ghana - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.
As of 2023, the United Arab Emirates and Switzerland were the leading destinations of exports from Ghana, as they imported merchandise of over ************* U.S. dollars and *** billion U.S. dollars from the West African country, respectively. China and South Africa were other main export trade partners of Ghana.
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Ghana: Trade balance as percent of GDP: The latest value from 2024 is 1.15 percent, an increase from -0.85 percent in 2023. In comparison, the world average is -3.07 percent, based on data from 134 countries. Historically, the average for Ghana from 1960 to 2024 is -7.19 percent. The minimum value, -25.27 percent, was reached in 2005 while the maximum of 5.51 percent was recorded in 1972.
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Ghana Net Barter Terms of Trade Index data was reported at 122.895 2015=100 in 2021. This records an increase from the previous number of 111.105 2015=100 for 2020. Ghana Net Barter Terms of Trade Index data is updated yearly, averaging 76.814 2015=100 from Dec 1980 (Median) to 2021, with 42 observations. The data reached an all-time high of 122.895 2015=100 in 2021 and a record low of 51.933 2015=100 in 1993. Ghana Net Barter Terms of Trade Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ghana – Table GH.World Bank.WDI: Trade Index. Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2000. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year’s trade values at the Standard International Trade Classification three-digit level as weights. To improve data coverage, especially for the latest periods, UNCTAD constructs a set of average prices indexes at the three-digit product classification of the Standard International Trade Classification revision 3 using UNCTAD’s Commodity Price Statistics, international and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current year's trade values as weights.;United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics.;;
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Trade in services (% of GDP) in Ghana was reported at 25.07 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ghana - Trade in services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.
In 2024, the trade deficit of services in Ghana amounted to about **** billion U.S. dollars. A positive value means a trade surplus, a negative trade balance means a trade deficit.
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Ghana's total Exports in 2023 were valued at US$16.87 Billion, according to the United Nations COMTRADE database on international trade. Ghana's main export partners were: Switzerland, South Africa and the United Arab Emirates. The top three export commodities were: Pearls, precious stones, metals, coins; Mineral fuels, oils, distillation products and Cocoa and cocoa preparations. Total Imports were valued at US$16.39 Billion. In 2023, Ghana had a trade surplus of US$480.29 Million.
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Historical dataset showing Ghana trade balance by year from 1960 to 2023.
As of 2023, exports from Ghana to China amounted to an approximate total of *** billion U.S. dollars. This increased from roughly *** billion U.S. dollars in the previous year. Generally, the value of Chinese imports from Ghana has grown since 2000, when it stood at only ** million U.S. dollars.
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Key information about Ghana Total Trade of Goods and Services: % of Nominal GDP
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Ghana: Trade freedom index (0-100): The latest value from 2025 is 64 points, an increase from 63 points in 2024. In comparison, the world average is 70 points, based on data from 176 countries. Historically, the average for Ghana from 1995 to 2025 is 61 points. The minimum value, 31 points, was reached in 1995 while the maximum of 68 points was recorded in 2011.
The Ghana International Merchandise Trade Data 2022 serves a comprehensive repository of information detailing Ghana's imports and exports for the year 2022. The dataset's primary objectives include informing evidence-based policies and facilitating comprehensive research on trade dynamics. Sourced from the Customs Division of the Ghana Revenue Authority, the dataset follows the International Merchandise Trade Statistics Manual of the United Nations, ensuring methodological rigor. This structured dataset containing key indicators like trade values, partner countries, and commodity codes, presents an invaluable resource for understanding Ghana's trade patterns.
National coverage of all international trade with the rest of the world
Countries, commodities
All exports and imports under the general trade system, as outlined in the International Merchandise Trade Statistics Manual of the United Nations.
Other [oth]
Trade in services (% of GDP) of Ghana dipped by 4.90% from 27.0 % in 2022 to 25.7 % in 2023. Since the 30.52% surge in 2019, trade in services (% of GDP) sank by 25.09% in 2023. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.
Export trade in Ghana was dominated by gold in 2022, as the commodity fetched the country over *** billion U.S. dollars. As of the fourth quarter of 2023, the country had gold reserves amounting to **** metric tons. Moreover, the export of crude petroleum registered a value of about *** billion U.S. dollars, the second-leading commodity, followed by cocoa beans.
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Ghana Exports to United Arab Emirates was US$1.71 Billion during 2023, according to the United Nations COMTRADE database on international trade. Ghana Exports to United Arab Emirates - data, historical chart and statistics - was last updated on October of 2025.
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Net trade in goods and services (BoP, current US$) in Ghana was reported at --658958241 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ghana - Net trade in goods and services (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.
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Key information about Ghana's Trade Balance