Data from the Ghana Statistical Service (GSS) has disclosed that the United Arab Emirates (UAE) remains Ghana’s top export destination, for the second quarter of 2024, accounting for GH¢15.0 billion.
The figure represents 23.3 percent of the country’s total exports.
“Switzerland followed closely with exports valued at GH¢13.2 billion representing 20.5%, while South Africa ranked third, with exports amounting to GH¢8.3 billion (12.9%),” the data indicated.
A breakdown of the data shows that Ghana’s import market was predominated by gas oil (GH¢7.3 billion) and motor spirit super (GH¢7.2 billion), which together contributed a quarter (24.7%) of the total import value of GH¢58.8 billion.
China remained the primary source of Ghana’s imports, contributing GH¢12.3 billion (20.9% of total imports), followed by the UAE with a value of GH¢9.1 billion (15.4%) and the United Kingdom with an import value of GH¢5.2 billion (8.8%).
The Export and Import Unit Value Indices (UVIs) revealed price shifts in key commodities.
“Export prices recorded a 40.5 percent year-on-year increase, driven largely by surging gold prices while import prices increased by 18.9 percent”.
