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Ghana

Ghana ranked No. 88 in total trade value through October with a total of $1.16 billion. Exports totaled $606.7 million and Imports totaled $549.32 million, a surplus of $57.38 million.

January – October 2018

Top Trading Ports

Total Trade: $1.16 billion

RankPortTotal YTD
1Port of Newark $224,907,164
2Port of Long Beach $221,227,009
3Port of Houston $123,205,415
4Port of New York $96,388,686
5Port of Savannah, Ga. $77,339,766
6Port of New Orleans $77,246,517
7Port of Philadelphia $36,865,425
8Houston’s George Bush Intercontinental Airport, Texas $34,030,611
9Port of Baltimore, Md. $32,938,713
10Port of Charleston $23,601,751

U.S. trade with Ghana rose to $1.16 billion through October

Ghana’s trade with the United States rose to $1.16 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 16.33 percent below its total trade during the same time period last year. Ghana’s exports decreased 22.86 percent while imports fell 7.7 percent. The U.S. surplus with Ghana was $57.38 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Long Beach; No. 3 Port of Houston; No. 4 Port of New York; and No. 5 Port of Savannah, Ga.. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 Port of Houston No. 3 Port of Long Beach No. 4 Port of Panama City, Fla. and No. 5 Port of Philadelphia. In the current time period, the top five accounted for 64.28 percent of Ghana’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 1.82 percent to $224.91 million.
    Exports fell 22.82 percent to $28.48 million. Imports rose 6.77 percent to $196.43 million.
  • Trade with No. 2 Port of Long Beach rose 43.25 percent to $221.23 million.
    Exports fell 46.17 percent to $1.91 million. Imports rose 45.35 percent to $219.32 million.
  • Trade with No. 3 Port of Houston fell 29.08 percent to $123.21 million.
    Exports fell 30.1 percent to $118.98 million. Imports rose 20.22 percent to $4.23 million.
  • Trade with No. 4 Port of New York fell 9.64 percent to $96.39 million.
    Exports fell 9.32 percent to $93.33 million. Imports fell 18.26 percent to $3.06 million.
  • Trade with No. 5 Port of Savannah, Ga. rose 7.46 percent to $77.34 million.
    Exports fell 1.12 percent to $62.51 million. Imports rose 69.51 percent to $14.83 million.

Ghana ranked No. 88 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 82.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Ghana by value through October were the categories of Motor vehicles for transporting people; Poultry, fresh, chilled or frozen; Gasoline, other fuels; Petroleum gases, other gaseous hydrocarbons; and Polymers of vinyl chloride, respectively. They accounted for 38.07 percent of total exports to Ghana.

The value of the top five categories of U.S. imports from Ghana –– Oil; Cocoa Beans; Cocoa Paste, Defatted or Not 1803; Gasoline, other fuels; and Rubber –– accounted for 84.7 percent of all inbound shipments.

Looking more closely at U.S. exports to Ghana:

  • Motor vehicles for transporting people fell 1.92 percent compared to last year to $114.85 million.
  • Poultry, fresh, chilled or frozen fell 4.15 percent compared to last year to $37.47 million.
  • Gasoline, other fuels fell 44.83 percent compared to last year to $32.13 million.
  • Petroleum gases, other gaseous hydrocarbons fell 57.95 percent compared to last year to $23.3 million.
  • Polymers of vinyl chloride rose 32.06 percent compared to last year to $23.24 million.

Looking more closely at U.S. imports from Ghana:

  • Oil fell 4.44 percent compared to last year to $287.49 million.
  • Cocoa Beans fell 40.92 percent compared to last year to $106.94 million.
  • Cocoa Paste, Defatted or Not 1803 rose 32.28 percent compared to last year to $31.73 million.
  • Gasoline, other fuels totaled $24.67 million. The previous year, there were no imports in this category.
  • Rubber rose 46.55 percent compared to last year to $14.45 million.

In the latest annual figures available, Ghana recorded $1.64 billion in trade with the United States. At year’s end, its were New York City; Houston; Los Angeles; Jacksonville/Tampa; and Philadelphia. Total U.S. exports to Ghana were $ 885.68 million and imports from Ghana were $749.97 million. The U.S. surplus with Ghana was $135.71 million.