2022
Exports
$1.2kWorld Rnk 118 / 135
Flag Rnk 734 / 885
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$10.9MWorld Rnk 89 / 215
Flag Rnk 268 / 1129
2022
ECONOMIC COMPLEXITY of Ghana
-1.32Rnk 122 / 133

About

Exports In 2022, Ghana exported $1.2k in Soybean Oil, making it the 118th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 734th most exported product in Ghana. The main destination of Soybean Oil exports from Ghana are: Ireland ($815), Netherlands ($369), and Belgium ($18).

The fastest growing export markets for Soybean Oil of Ghana between 2021 and 2022 were Ireland ($815) and Netherlands ($369).

Imports In 2022, Ghana imported $10.9M in Soybean Oil, becoming the 89th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 268th most imported product in Ghana. Ghana imports Soybean Oil primarily from: Netherlands ($6.41M), Egypt ($1.58M), Mozambique ($1.06M), Brazil ($873k), and Ukraine ($455k).

The fastest growing import markets in Soybean Oil for Ghana between 2021 and 2022 were Netherlands ($1.5M), Mozambique ($1.06M), and India ($243k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Soybean Oil. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.2k
IMPORTS (2022)$10.9M
NET TRADE (2022)-$10.9M

In 2022, Ghana exported $1.2k in Soybean Oil. The main destinations of Ghana exports on Soybean Oil were Ireland ($815), Netherlands ($369), and Belgium ($18).

In 2022, Ghana imported $10.9M in Soybean Oil, mainly from Netherlands ($6.41M), Egypt ($1.58M), Mozambique ($1.06M), Brazil ($873k), and Ukraine ($455k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Ghana WERE (2021 - 2022):
Ireland$815 (1%)
Netherlands$369 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Ghana WERE (2021 - 2022):
Poland-$255 (-100%)
Belgium-$110 (-85.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ghana's main exporting competitors in Soybean Oil were:
In 2022, Ghana's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIreland+ $1.16k
TOP IMPORT POTENTIALBrazil+ $1.08M

Soybean Oil’s highest export potential is Ireland. With an export gap of $1.16k.   Soybean Oil’s highest import potential is Brazil with an import gap of $1.08M.

See methodology.

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