The United Arab Emirates (UAE) has maintained its status as Ghana’s leading export market for the second quarter of 2024, with exports valued at GH₵15.0 billion, representing 23.3% of total exports, according to data released by the Ghana Statistical Service (GSS).
Switzerland ranked as the second-largest destination for Ghanaian exports, accounting for GH₵13.2 billion (20.5%), followed by South Africa at GH₵8.3 billion (12.9%).
On the import side, Ghana’s trade was dominated by gas oil and motor spirit super, valued at GH₵7.3 billion and GH₵7.2 billion respectively, together contributing nearly a quarter of the country’s total import bill of GH₵58.8 billion.
China remained the top source of imports, with goods worth GH₵12.3 billion (20.9% of the total), while the UAE followed closely at GH₵9.1 billion (15.4%) and the United Kingdom with GH₵5.2 billion (8.8%).
The Export and Import Unit Value Indices (UVIs) reported a sharp 40.5% increase in export prices, largely driven by surging gold prices, while import prices rose by 18.9% year-on-year, reflecting broader inflationary pressures on key commodities.
Source:norvanreports.com