Ghana

Ghana ranked No. 79 in total trade value through May with a total of $638.26 million. Exports totaled $309.16 million and Imports totaled $329.11 million, a deficit of $19.95 million.

U.S. trade with Ghana rose to $501.39 million through May

Ghana’s trade with the United States rose to $501.39 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 16.44 percent below its total trade during the same time period last year. U.S. exports to Ghana increased 1.55 percent while U.S. imports from Ghana fell 28.44 percent. The U.S. deficit with Ghana was $13.97 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of New York; No. 3 Port of Philadelphia; No. 4 Port of Long Beach; and No. 5 Port of Houston. During the same period the previous year, the top five were No. 1 Port of Long Beach; No. 2 Port of Houston; No. 3 Port of Newark; No. 4 Port of Philadelphia and No. 5 Port of New York. In the current time period, the top five accounted for 50.07 percent of Ghana’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 12.37 percent to $84.46 million.
    Exports rose 29.09 percent to $14.07 million. Imports fell 17.66 percent to $70.38 million.
  • Trade with No. 2 Port of New York rose 2.33 percent to $64.22 million.
    Exports rose 11.81 percent to $46.66 million. Imports fell 16.49 percent to $17.57 million.
  • Trade with No. 3 Port of Philadelphia fell 12.13 percent to $63.19 million.
    Exports fell 69.82 percent to $166,521. Imports fell 11.68 percent to $63.03 million.
  • Trade with No. 4 Port of Long Beach fell 70.86 percent to $53.97 million.
    Exports fell 6.87 percent to $3.6 million. Imports fell 72.22 percent to $50.37 million.
  • Trade with No. 5 Port of Houston fell 44.6 percent to $53.75 million.
    Exports fell 47.37 percent to $49.44 million. Imports rose 39.37 percent to $4.32 million.

Ghana ranked No. 79 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 83.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Ghana by value through May were the categories of Passenger vehicles; Chicken and other poultry; Commercial vehicles; Plastics; and Civilian aircraft, parts, respectively. They accounted for 43.45 percent of total exports to Ghana.

The value of the top five categories of U.S. imports from Ghana –– Oil; Cocoa Beans; Gasoline, other fuels; Cocoa Paste, Defatted or Not 1803; and Rubber –– accounted for 86.85 percent of all inbound shipments.

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

  • Passenger vehicles rose 24.26 percent compared to last year to $60.18 million.
  • Chicken and other poultry fell 1.26 percent compared to last year to $20.92 million.
  • Commercial vehicles rose 533.39 percent compared to last year to $19.98 million.
  • Plastics rose 51.38 percent compared to last year to $17.33 million.
  • Civilian aircraft, parts rose 554.57 percent compared to last year to $15.91 million.

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

  • Oil fell 26.95 percent compared to last year to $132.35 million.
  • Cocoa Beans fell 15.32 percent compared to last year to $119.71 million.
  • Gasoline, other fuels rose 142.45 percent compared to last year to $14.53 million.
  • Cocoa Paste, Defatted or Not 1803 fell 30.85 percent compared to last year to $12.03 million.
  • Rubber fell 13.28 percent compared to last year to $7.2 million.

In the latest annual figures available, Ghana recorded $1.78 billion in trade with the United States. Total U.S. exports to Ghana were $ 837.42 million and imports from Ghana were $942.63 million. The U.S. deficit with Ghana was $105.21 million.