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Ghana

Ghana ranked No. 81 in total trade value through August with a total of $1.32 billion. Exports totaled $534.31 million and Imports totaled $784.21 million, a deficit of $249.9 million.

January – August 2019

Top Trading Ports

Total Trade: $1.32 billion

RankPortTotal YTD
1Port of Long Beach $304,130,579
2Port of Newark $286,745,087
3Port of Houston $149,880,511
4Port of New York $101,559,058
5Port of Philadelphia $93,080,894
6Port of Savannah, Ga. $60,536,074
7Houston’s George Bush Intercontinental Airport, Texas $47,940,467
8Port of Bellingham, Wash. $41,110,961
9Port of New Orleans $30,157,853
10Port of Charleston $28,468,808

U.S. trade with Ghana rose to $1.32 billion through August

Ghana’s trade with the United States rose to $1.32 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 31.92 percent above its total trade during the same time period last year. U.S. exports to Ghana increased 11.15 percent while U.S. imports from Ghana rose 51.17 percent. The U.S. deficit with Ghana was $249.9 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Long Beach; No. 2 Port of Newark; No. 3 Port of Houston; No. 4 Port of New York; and No. 5 Port of Philadelphia. During the same period the previous year, the top five were No. 1 Port of Long Beach No. 2 Port of Newark No. 3 Port of Houston No. 4 Port of New York and No. 5 Port of New Orleans. In the current time period, the top five accounted for 70.94 percent of Ghana’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Long Beach rose 38.24 percent to $304.13 million.
    Exports rose 515.52 percent to $6.87 million. Imports rose 35.81 percent to $297.26 million.
  • Trade with No. 2 Port of Newark rose 36.11 percent to $286.75 million.
    Exports fell 20.54 percent to $18.74 million. Imports rose 43.25 percent to $268 million.
  • Trade with No. 3 Port of Houston rose 58.76 percent to $149.88 million.
    Exports rose 61.83 percent to $146.47 million. Imports fell 12.49 percent to $3.41 million.
  • Trade with No. 4 Port of New York rose 33.73 percent to $101.56 million.
    Exports rose 4.35 percent to $76.94 million. Imports rose 1013.06 percent to $24.62 million.
  • Trade with No. 5 Port of Philadelphia rose 186.37 percent to $93.08 million.
    Exports rose 259.78 percent to $4.99 million. Imports rose 183.1 percent to $88.09 million.

Ghana ranked No. 81 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 86.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Ghana by value through August were the categories of Motor vehicles for transporting people; Chicken and other poultry; Plastics; Gasoline, other fuels; and Parts for heavy machinery, respectively. They accounted for 36.02 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; Rubber; and Cocoa powder, not sweetened –– accounted for 91.1 percent of all inbound shipments.

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

  • Motor vehicles for transporting people fell 8.56 percent compared to last year to $84.86 million.
  • Chicken and other poultry rose 41.31 percent compared to last year to $42.06 million.
  • Plastics rose 333.68 percent compared to last year to $24.14 million.
  • Gasoline, other fuels fell 27.38 percent compared to last year to $23.19 million.
  • Parts for heavy machinery rose 44.19 percent compared to last year to $18.19 million.

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

  • Oil rose 74.4 percent compared to last year to $501.37 million.
  • Cocoa Beans rose 63.16 percent compared to last year to $166.29 million.
  • Cocoa Paste, Defatted or Not 1803 fell 0.7 percent compared to last year to $24.94 million.
  • Rubber rose 16.34 percent compared to last year to $13.26 million.
  • Cocoa powder, not sweetened rose 9.59 percent compared to last year to $8.57 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.