Ghana Import Data

Ghana Import Data

Ghana has seen significant growth in its import sector, making it one of the leading importers in Africa. The country's strategic location, stable political climate, and growing economy have all contributed to this success. As we look ahead to 2023, it is expected that Ghana's import industry will continue to thrive and cement its position as a major player in global trade.

Ghana's import rank for 2023 is set to rise even higher. In 2018, Ghana was ranked as the 87th largest importer in the world by the World Bank. However, by 2023, it is estimated that the country will move up several ranks and secure a spot among the top 70 importing nations globally.

The projected increase in Ghana's import rank can also be attributed to its growing population. By 2023, it is estimated that the country's population will reach over 32 million people – an increase of about three million from its current population of approximately 29 million. With a large and continuously expanding consumer base, there will be a greater demand for imported goods and products.

Ghana has experienced consistent economic growth over recent years, with its gross domestic product (GDP) reaching $67 billion in 2019. And with continued efforts towards diversifying its economy and attracting foreign investment, this upward trend is expected to continue into 2023.The forecasted GDP for Ghana in 2023 stands at $85 billion. This significant increase reflects both government initiatives such as Vision2030 - which aims to accelerate economic growth - as well as private sector investments across various industries.

In 2023, Ghana's top importing product is expected to be refined petroleum. This comes as no surprise as the country relies heavily on imports for its energy needs. Other key imported products include vehicles, machinery, electronics, and pharmaceuticals.

The demand for these goods is driven by Ghana's growing population and expanding economy. Additionally, the country's agricultural sector is also a significant contributor to its import market, with a large portion of food products being sourced from neighboring countries.

Ghana has a diverse range of trade partners, including both developed and developing countries. In 2023, China is projected to remain the top trading partner for Ghana in terms of imports. This can be attributed to China's dominance in manufacturing and its ability to produce goods at competitive prices. Other major import partners for Ghana include Nigeria, the United States, India, Germany, and France. These countries play a crucial role in supplying essential goods to meet Ghana's growing domestic demand.

Ghana Import Customs Trade Data Shows Top 10 Importing Products In 2023 – Analysis By Chapter

  • 32% (5.26 billion US dollar) HS CODE: 27 - Fuels, oils, and products of their distillation; bituminous substances; mineral waxes
  • 9.46% (1.55 billion USdollar) HS CODE: 84 - Parts of nuclear reactors, boilers, machinery, and mechanical appliances
  • 7.39% (1.21 billion USdollar) HS CODE: 87 - Parts and accessories for vehicles other than railway or tramway rolling stock
  • 4.02% (660 million USdollar) HS CODE: 39 - Articles made from plastics
  • 3.66% (601 million USdollar) HS CODE: 85 - A wide range of electrical machinery and equipment; sound recorders and reproducers, television image and sound recorders and reproducers, and their parts and accessories
  • 3.21% (527 million USdollar) HS CODE: 72 –Steel and Iron
  • 2.85% (468 million USdollar) HS CODE: 38 - Chemical products of various types
  • 2.68% (439 million USdollar) HS CODE: 25 - Plastering materials, lime and cement; salt; sulfur; earths and stones
  • 2.22% (364 million USdollar) HS CODE: 73 –Steel or iron articles
  • 1.9% (311 million USdollar) HS CODE: 11 - Milling products; malt; starches; inulin; wheat gluten

Ghana Import Global Trade Data Shows Top 10
Trading Partners
of Ghana

  • With a share of 18.7% (3.07 billion US dollar), China dominates
  • With a share of 9.6% (1.57 billion US dollar), Netherlands dominates
  • With a share of 6.44% (1.05 billion US dollar), India dominates
  • With a share of 6.41% (1.05 billion US dollar), Russia dominates
  • With a share of 6.05% (993 million US dollar), USA dominates
  • With a share of 4.63% (759 million US dollar), Belgium dominates
  • With a share of 3.78% (620 million US dollar), United Arab Emirates dominates
  • With a share of 3.07% (504 million US dollar), United Kingdom dominates
  • With a share of 2.23% (365 million US dollar), Switzerland dominates
  • With a share of 1.89% (311 million US dollar), South Africa dominates

Ghana Import Data Sample

UNLOCKING THE POWER OF IMPORT GLOBALS GHANA IMPORT DATA FOR GLOBAL BUSINESS EXPANSION

At Import Globals, we understand the importance of accurate and reliable data when it comes to making informed business decisions. That's why our Ghana import custom data is collected from custom shipping bill reliable documents, ensuring that you have access to the most up-to-date and trustworthy information.Custom shipping bills are official documents issued by customs authorities for every shipment entering or leaving a country. These bills contain detailed information about the goods being imported or exported.

GHANA IMPORT CUSTOM DATA PROVIDED BY IMPORT GLOBALS is a powerful tool that contains all the necessary information related to imports into Ghana. It includes details such as HS Code, product description, value of the product, quantity, weight, destination country, and origin country. Let's take a closer look at each of these components and how they can benefit your business.

HS Code refers to the Harmonized System code used for classifying goods for customs purposes. Each product has a unique HS code assigned to it based on its nature and characteristics. GHANA IMPORT DATA PROVIDED BY IMPORT GLOBALS, you can easily search for products using their respective HS codes or browse through different categories to find what you're looking for.

The product description provides a detailed overview of the item being imported. This includes specifications such as size, material composition, and any other relevant information that may be required by customs officials or buyers. Having accurate product descriptions helps avoid any confusion or delays during the import process.

The value of the product is another crucial aspect of Ghana import trade data provided by IMPORT GLOBALS. It gives you an idea of how much money is involved in each transaction and enables you to make informed decisions about pricing strategies or potential partnerships.Quantity and weight are also essential factors when it comes to importing goods into Ghana. The quantity indicates how many units of a particular item were brought into the country while weight provides information on the total weight of those units. This data can be useful for tracking inventory levels or managing supply chains efficiently.

GHANA IMPORT SHIPMENT DATA PROVIDED BY IMPORT GLOBALS also includes destination country and origin country details for each imported product. This information is vital for businesses that want to expand their operations or identify potential markets for their products.

Importing and exporting goods has become an essential part of the global economy, and Ghana is no exception. With a rapidly growing market, many businesses are looking to expand their reach beyond their borders by importing goods from other countries. However, this can be a daunting task without accurate and reliable data on import activities in Ghana. This is where Import Globals comes in - providing comprehensive and up-to-date customs data for all companies looking to grow worldwide.

Trade associations, NGOs, research companies, business consulting firms, traders, manufacturers - regardless of the industry or sector they operate in, all these entities require accurate import data to make informed decisions about their business strategies. Import Globals understands this need and offers detailed custom data that can be accessed easily through their online platform.

Import Global's Ghana import data is a valuable resource for all companies looking to grow worldwide. It not only provides accurate and updated information but also helps businesses make strategic decisions that can drive their growth in the global market. With Import Global's comprehensive custom data at their disposal, companies can tap into the potential of importing goods from Ghana and contribute towards its economic development.

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