Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time. What is Ghana's biggest export? Eligible businesses can receive one-to-one guidance, specialist market information, and get. How can I start a mini export business in Ghana?How To Start Export Business in GhanaChoose your niche (s).Perform your market research.Look for your start-up capital.Create a website and social media page. Chinas Development Finance to Africa: A Media-Based Approach to Data Collection. In general, all imports are subject to customs duties. Surpassing America in 2013, China is now the world's biggest bottled water market in terms of sales volume, reaching 208 billion RMB ($32.6 billion) in 2019, with a yearly increase of 9.5%. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. These cookies track visitors across websites and collect information to provide customized ads. Q3:Do need to apply Permit to export Military, police and tactical items from China? In August 2022 the top imports of China from Ghana were Crude Petroleum ($113M), Manganese Ore ($72.2M), Sawn Wood ($4.46M), Equine and Bovine Hides ($1.72M), and Cocoa Powder ($1.42M). They comprise products such as cocoa beans, logs, electricity, fresh fish, fresh yams and mineral ore (Unprocessed gold, diamond, bauxite, etc.). For full datasets download visit Bulk Download page. [7], In April 2007 the CPPCC's Chairman, Jia Qinglin, granted a US$30 million concessional loan for the Dedicated Communications Project to foster closer military and security ties between the two countries. This reflects a sharp rise in two-way trade between the two countries from $93.13 million in 2000 to $433.74 million in 2005. Ghana's export revenue from cocoa has been rising in recent years; in 2018 the total export value was $3.2 billion, a 34% increase from 2017 and up 71% from 2016, according to TradeMap data. Cocoa is the biggest export. Find many great new & used options and get the best deals for CANADA TO UK FDC REGITERED PRINTED MULTIFRANKED COVER 1935 at the best online prices at eBay! Nkrumah's dressing changed to the Chinese-supplied Mao suit. Textiles, Interior Textiles & Carpets Exporting to Ghana Exporting should be a natural step for any successful business. The top five exported HS 6 digit level products to world by Ghana along with trade value are: Ghana exported Gold in oth semi-manufactured forms,non-monetar , worth US$ 5,928,795.04 million. This meant that with its import value of $13.2 billion, Ghana's trade balance was a positive, at $3.9 billion. The cookie is used to store the user consent for the cookies in the category "Other. Standard users can export data in a easy to use web interface or using an excel add-in. Ghana's timber and wood product exports in January 2017 amounted to 30,758 cubic metres, a 5.76% year-on-year increase when compared to the January 2016. Free shipping for many products! Merchandise Trade statistics data for Ghana (GHA) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Aluminum: $128.7 million (1%) Ghana's top 10 exports accounted for 94.4% of the overall value of its global shipments. The United States imposes export controls to protect national security interests and promote foreign policy objectives related to dual-use goods and less-sensitive military items through implementation of the Export Administration Regulations (EAR) (15 CFR Parts 730 - 774). 13 political parties back EC's move for new voters' register, Brogya Genfi sues Tolon MP over alleged forgery; demands annulment of polls, India to inject $150m into Ghanas Agric mechanisation, Voter IDs will be used for registration of SIM cards Sam George insists. By 2013, Ghana's export to China began to increase significantly at a high rate of 86.7%, while in 2014 . Customs releases must be processed and submitted at the export desk within cut-off times, normally 5 days to vessel ETA. [4]:4 & 8[9], China is currently the second largest exporter to Ghana. During the last 25 years the exports of China to Ghana have increased at an annualized rate of 20%, from $71.3M in 1995 to $6.75B in 2020. The value of trade between Africa and China rose by 35% from 2020 to $254 billion last year, mainly due to an increase in Chinese exports to the continent. Ghana, wake up! Trade professionals at the U.S. Commercial Service, part of the U.S. Department of Commerce's International Trade Administration, developed these Export Solutions to help U.S. exporters create successful international sales strategies. The African nation of Ghana does export cocoa to Canada. The report blames corrupt officials in Ghana for forging documents to allow the wood to leave the country. During the last 25 years the exports of Ghana to China have increased at an annualized rate of 26.5%, from $4.23M in 1995 to $1.52B in 2020. Set up your virtual or office space.Look for local and international product suppliers.Look for local and international partners to work with.How can [4]:5, Ghanaian Chinese are an ethnic group of Chinese diaspora in Ghana. We also use third-party cookies that help us analyze and understand how you use this website. EXPORT GROWTH (August 2021 - August 2022): $14.4M, (1.94%), IMPORT GROWTH (August 2021 - August 2022): $22.1M, (12.6%), MAIN EXPORTER (August 2022): Zhejiang Province, $171M. Will it backfire? This section shows exports and imports data at subnational level for China. [7], An indication of the importance China attaches to its economic relationship with Ghana in the West African region was the decision to open the fourth office of the China-Africa Development Fund in Accra. White label accounts can distribute our data. The EasyPASS Programme verifies the conformity of Products in addition to any existing import processes. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. 2020 Exports: $6.75B, Rnk 54 / 209, 2020 Top Product: $232M, Coated Flat-Rolled Iron, 2020 Exports: $1.52B, Rnk 3 / 124, 2020 Top Product: $1.24B, Crude Petroleum, 2020 Economic Complexity (ECI): ECI 0.96, Rnk 28 / 127, 2020 Economic Complexity (ECI): ECI -1.32, Rnk 120 / 127, 2020 GDP: $14.7T, CURRENT US$Rnk 2 / 195, 2010-2020 GDP GROWTH: 142%, CURRENT US$Rnk 5 / 195, 2020 GDP: $68.5B, CURRENT US$Rnk 73 / 195, 2010-2020 GDP GROWTH: 113%, CURRENT US$Rnk 15 / 195, 2020 GDP PC: $10,435, CURRENT US$Rnk 68 / 195, 2010-2020GDP PC GROWTH: 129%, CURRENT US$Rnk 5 / 195, 2020GDP PC: $2,206, CURRENT US$Rnk 146 / 195, 2010-2020GDP PC GROWTH: 69.7%, CURRENT US$Rnk 18 / 195. 1.75tr USD. Chinese Premier Wen Jiabao visited Ghana on the second leg of his seven-nation tour of Africa in 2007. Trade, Complexity, and Rankings Updated to 2020, EXPORT GROWTH (August 2021 - August 2022), IMPORT GROWTH (August 2021 - August 2022). VideoWhy mourners are opting to scatter ashes by drone. Read more. The cookie is used to store the user consent for the cookies in the category "Analytics". How do I become a exporter in Ghana?Basic Requirements for ExportBe registered with the Registrar-General's Department.Be registered with the Ghana Export Promotion Council and obtain a number.Get a Taxpayer Identification Number (TIN) from the Ghana Revenue Authority or a GhanaCard PIN.How much does it cost to start an import export business?While the costs to start Monthly value of U.S. trade goods exports to China June 2022. In 2019, Ghana's exports of cocoa and cocoa. But what is Ghana's main export? The rare species, which takes 100 years to grow, is mostly used to make imperial-style furniture in China. Trade is highly concentrated, with Malaysia and the Netherlands account for just over half of the market. During the last 25 years the exports of China to Ghana have increased at an annualized rate of 20%, Three leap from migrant rescue boat held in Italy, Olivia Attwood withdraws from I'm a Celebrity. LATEST NEWS. While advising the Ghanaian workers at the company to work hard and grow the business into an international status, Nana Appiagyei Dankawoso also advised the management to treat the Ghanaian workers fairly, saying pay them well just as you would do for your Chinese brothers back home. The top 1 exporters of Sesame seeds are Ghana. It not only abates reliance on your indigenous customers, but also allows for greater market reach and profit. The Bureau of Industry and Security . 15 ppm and under Sulfur. [6], In addition to macro trade and investment flows, Ghana has seen an increasing influx of Chinese entrepreneurial migrants. Of these reserves 715,000 hectares have been dedicated for natural timber production, with the remainder under protection and plantation development. Ghana's main import partners are China, the United States, Belgium, India and the United Kingdom. The Services sector also emerged a significant recipient of Chinese investments from 2006. The BBC is not responsible for the content of external sites. Find many great new & used options and get the best deals for Europe mostly Scandinavia very fine MNH assortment in book High Cat Value at the best online prices at eBay! This website uses cookies to improve your experience while you navigate through the website. How much money does Ghana make from chocolate? [14] As of 2009 there were an estimated 700,000 ethnic Chinese migrants that have settled in Ghana. Despite the manufacturing sector regaining its lead as the largest retainer of Chinese investments in 2014, the General Trade sector has received a largely steady flow of Chinese investments especially since 2004 and therefore the Chinese impact felt more in the trading sector. Each country is colored based on the difference in imports they receive from China and Ghana or the difference in the growth in imports. Ghana has a natural resource-based relationship with China. Shipping To Ghana South Africa Kenya By Sea From China Guangzhou Shenzhen , Find Complete Details about Shipping To Ghana South Africa Kenya By Sea From China Guangzhou Shenzhen,Right Sea Freight,Shipping Agent To Africa Port,Shipping Forwarder To Africa Port from Air Freight Supplier or Manufacturer-Honza International Logistics Co., Ltd. After Kufuor was elected president of Ghana in 2001 the PRC gave Ghana a US$2.4 million grant to renovate the theatre.[4]. Ghana Exports to China Ghana Exports to China was US$2.81 Billion during 2019, according to the United Nations COMTRADE database on international trade. Experts point towards Ghana cleaning up its export industry. . Includes import documentation and other requirements for both the U.S. exporter and foreign importer. Trade In August 2022, the top exports of China to Ghana were Coated Flat-Rolled Iron ($64.6M), Rubber Footwear ($24.3M), Fake Hair ($18.9M), Cold-Rolled Iron ($18.1M), and Other Small Iron Pipes ($18M). [5], Since the 2000s the volume of Chinese trade and investment in Ghana has increased greatly. . China. Only China Xinxing could issue the permit for the legal shipment. That same year, Ghana ranked 120 in the Economic Complexity Index (ECI -1.32), and 80 in total exports ($13.1B). [13] Migrants from Shanghai also began to arrive round this time. The Minister of Trade and Industry, Mr Alan Kyerematen, in a speech read on his behalf, has welcomed the E-Tang Group and said the company fit into the governments industrial policy, which was towards developing industries that were export-oriented with high value addition, high technology, high local content and having strong linkages with the domestic economy. Advanced users can use our Python/R/Matlab packages. There is strict law and regulation by Chinese government for the exporting of Military , police and tactical items. This mean that the more blue a dot/product is, the more China has comparative advantage over Ghana. Often drawing contrast with Indian and Lebanese merchants trading in Ghana, Ghanaian traders decry the indiscriminate trading patterns of Chinese merchants and their increasing concentration in spaces that are contested as markets. Via a -5.9% drop, Denmark was the sole top country to . Ghana's information ministry has not yet responded to the BBC's request for comment. This chart compares trade between China and Ghana by product, considering products traded by both, China and Ghana. The main products that Ghana exported to China were Crude Petroleum ($1.24B), Manganese Ore ($164M), and Sawn Wood ($24.3M). Wood exports from Ghana mainly fluctuated. China has provided substantial technical support to Ghana with more than 700 Ghanaians having attended Chinese-funded training courses in education, trading, communication, energy, auditing, agriculture and fisheries operation. Read about our approach to external linking. During the last 25 years the exports of Ghana to China have increased at an annualized rate of 26.5%, from $4.23M in 1995 to $1.52B in 2020. U.S. exports of services to China were an estimated $58.9 billion. CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo. The main products that China exported to Ghana are Coated Flat-Rolled Iron ($232M), Rubber Footwear ($211M), and Motorcycles and cycles ($173M). Relatedly, the Ministry of Food and Agriculture (MoFA) has intimated that China's entry into the production and export of cocoa beans must not in any way hurt Ghana's industry. Goods exports to China rebounded in 2017. China, as the Ghana's largest timber export destination, brought significant impacts on Ghana's timber export. He said currently, China was Ghana's largest trade partner, contributing hugely to Foreign Direct Investments in the country. Gold is a foremost export commodity for Ghana, with this treasure-able metal bringing in almost 48 percent of the country's revenue. IATF2023 - English The African Export-Import Bank (Afreximbank), in collaboration with the African Union and the AfCFTA Secretariat, brings you. Meanwhile, the United States stayed safely on top, exporting $99.6 billion, and Russia stayed in the second slot at $61.5 billion. Origins In August 2022 the exports of China were mainly from Zhejiang Province ($171M), Guangdong Province ($116M), Shandong Province ($90M), Jiangsu Province ($50.5M), and Fujian Province ($49M), while imports destinations were mainly Beijing ($113M), Ningxia Hui Autonomous Region ($58M), Shanghai Province ($19.8M), Hebei Province ($1.72M), and Guangdong Province ($1.07M). Beijing provided a concessionary loan of US$30 million to support the first phase of a telecommunications project to link all ten regional capitals and 36 towns in Ghana with fiber optic cables. Washington DC: Center for Global Development. Visit online help, call phone no. The Export Support Service provides specialised support for UK businesses that export to China. About six million rosewood trees have been cut down in Ghana for illegal export to China since 2012, an environmental group says. Of 283 projects that Chinese nationals and SOEs have investments in 97 are in manufacturing, 59 in trading, 48 in tourism, 44 in services and 15 in construction. According to the International Trade Administration's (ITA) China Commercial Guide, U.S. exports to China in 2018 were $120.34 billion, down from $129.89 billion the previous year. VideoLooking for clues in video of forgotten massacre, The agony of not knowing, as Mariupol mass burial sites grow. However, there is a lack of quantitative analyses on impact factors of timber trade between the two countries in the past, which this paper sought to do.,The authors first collected Ghana's timber exports to China from 1997 to . By value, the listed 15 countries shipped 97.5% of cement imported by United States in 2021. [6] Despite these economic flows and the tangible physical outcomes of Chinese companies highlighted in buildings and infrastructure, for most Ghanaian the Chinese presence is manifest in individual Chinese migrants trading in spaces that were hitherto dominated by Ghanaian merchants. [15], China-Ghanaian trade and Foreign Direct Investment. Since then Ghana has provided substantial diplomatic support to the PRC with the PRC reciprocating with material support for Ghana's development. In 2012, China-Ghana bilateral trade volume surpassed 5 billion UD dollars for the first time in many years. Read about our approach to external linking. You also have the option to opt-out of these cookies. (Source: IMF) Ghana is currently our 83rd largest goods trading partner with $1.8 billion in total (two way) goods trade during 2019. These items could be changed depending on Government Policy. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. These cookies ensure basic functionalities and security features of the website, anonymously. To seize more of the value of a bar of chocolate, it needs to bring . A farmer collects a cocoa pod at a farm in Alepe, Ivory Coast December 7, 2020. From a mere $4.4 million Chinese projects registered by the Ghana Investment Promotion Centre in 2000, Chinese registered flows had increased to $1.6 billion in 2014 alone. During 2020, Ghana had a large net trade with China in the exports of Mineral Products ($1.43B), Wood Products ($41.7M), and Foodstuffs ($23.3M). In 2020, Ghana did not export any services to China. The two countries have enjoyed a strong relationship since 1960, with high-level official visits to China by then President Nkrumah and reciprocal visits to Ghana by Premier Zhou Enlai. [1][2] After the Nkrumah regime was overthrown Beijing withdrew around 200 Chinese aid workers and embassy staff. Standing Committee of the National People's Congress of China, "The Confused Moments Of Nkrumah In China After The Coup", "Visiting senior Chinese official lauds Ghana for political stability, national unity", "Chinese entrepreneurial migrants in Ghana: socioeconomic impacts and Ghanaian trader attitudes", "The Fourth Office of China-Africa Development Fund Inaugurated in Ghana", "/Zhu Yinian, a Shanghai person in Ghana's world of commerce", "Africa-China Relationship: Gains So Far", "Living Transitions: A Primer to Chinese Presence in Ghana", https://en.wikipedia.org/w/index.php?title=ChinaGhana_relations&oldid=1119609051, A total of US$43.5 million in development assistance to Ghana between 1964 and 1970 and has written off US$25 million of debt. Accra, Ghana//-The news that broke that China has exported some quantities of cocoa beans to Belgium has generated fuss among Ghanaians. In September 2010 Ghanaian President John Evans Atta Mills visited China on an official visit. Why did 300 containers of precious timber go missing? In 2020, Ghana did not export any services to China. As a beneficiary of the African Growth and Opportunity Act (AGOA), Ghana has duty-free access to the U.S. market for over 1,800 products, in addition to the more than 5,000 products . China-Ghanaian relations refer to the current and historical relationship between the Republic of Ghana and the People's Republic of China (PRC). China is one of Ghana's trade partners as bilateral trade increased to 27.39%, 69.04% and 56.5% in 2010, 2011, and 2012 repectively. Ghana and other West African countries are the victims of China's insatiable and unchecked demand for rosewood, the EIA said. This rise occurred despite last year's . It is also Ghana's biggest trading partner with the total value of trade reaching a record $7.46 billion in 2019. The Chief Executive Officer (CEO) of E-Tang Group Ghana, Mr Eric Worchie, said the company would introduce competition into the industry. EXPORT GHANA EXPORT MORE. According to the latest report . The total shipping per product was around USD 6. Quoting data from the International Trade Centre, he said in 2018, Ghana's exports to China amounted to US$2.4 billion, surpassing other trade partners. IATF2023-Market Place. Related questions. US soybean exports to China totaled almost $15 billion in 2012up $4.5 billion from a year earlier. Many Ghanaians who reacted to the news published on social media particularly Facebook, said China is bent on breaking Ghana's and Ivory Coast's cocoa production and export dominance. Investigations found "a massive institutionalised timber trafficking scheme, enabled by high-level corruption and collusion", it said. China is exporting Cocoa to Belgium. +233 303 200192, or email (gh.export@maersk.com) for further assistance. By 2015 however, Building and Construction sectors of the Ghanaian economy had emerged the largest recipient of Chinese investment flows followed by Manufacturing and General Trade. Quoting data from the International Trade Centre, he said in 2018, Ghana's exports to China amounted to US$2.4 billion, surpassing other trade partners. Ghana operates under the Customs Valuation Code . China is currently the largest investor in Ghana by the number of registered projects. Video, Looking for clues in video of forgotten massacre, Why mourners are opting to scatter ashes by drone. This included a grant of a US$7.5 million for the construction of an office complex for Ghana's Ministry of Defence. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. By clicking Accept All, you consent to the use of ALL the cookies. Ghana-China In 2020, Ghana exported $1.52B to China. In August 2022, the increase in China's year-by-year imports from Ghana was explained primarily by an increase in product imports in Manganese Ore ($18.8M or 105%), Rough Wood ($1.67M or 407%), and Scrap Copper ($492k or 584%). These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Largely independent of Chinese SOEs, they either remained in the country after working for big Chinese firms in Ghana or moved from China to Ghana just to trade. Following two years of declines, US goods exports to China increased by $14 billion in 2017growing twice as fast as exports to the rest of the world. Value Year; China: $1.90B 2019 United States: $976.22M 2019 United Kingdom: . REUTERS/Luc Gnago. But, as with most things in business, the theory is easier than the practical. The campaign group also said that logging was contributing to the desertification crisis in Ghana. 2021 All Rights Reserved Citi Newsroom. The top importers of cocoa beans from Belgium include Germany, France, Austria, and the Netherlands. Ghana - Import Requirements and Documentation. Even France's aircraft exports doubled China's, at $14.7 billion. Base metals not specified elsewhere, cermets. Analytical cookies are used to understand how visitors interact with the website. He said, the NDC Government built the Komenda Sugar factory and secured a loan to . Ghana imports Cassava primarily from: Egypt ($14.5k), China ($8.79k), Belgium ($7.25k), United Kingdom ($683), and Netherlands ($558)". In 2005 US$433.74 million worth of imports came into Ghana from China with Ghana exporting US$0.1 worth of exports. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. In 2018, the Trump Administration imposed a variety of tariffs on Chinese goods in response to . The two West African countries control 60% of the world's total . 2022 Data 2023 Forecast 1996-2019 Historical. 151.07bn USD. During the last 25 years the exports of Ghana to China have increased at an annualized rate of 26.5%, The international media and Ghana's local media have been awash with news of China's first ever export of cocoa beans to Europe, precisely Belgium. We have a plan for your needs. Ghana exported Cocoa beans, whole or broken, raw or . Warehouse Handling Fee = 30.1%. Special woven or tufted fabric, lace, tapestry, Wadding, felt, nonwovens, yarns, twine, cordage, Stone, plaster, cement, asbestos, mica or similar materials, Works of art, collectors' pieces and antiques, Pulp of wood, fibrous cellulosic material, waste, Tanning, dyeing extracts, tannins, derivatives, pigments, Railway, tramway locomotives, rolling stock, equipment, Carpets and other textile floor coverings.