28 C
Accra
Sunday, February 28, 2021

Europe remains largest destination of Ghanaian exports

- Advertisement -

Europe  continue to remain the largest destination for exports of Ghanaian goods as European countries received the largest share of 31.0% of Ghana’s total exports at the end of September last year.

It was followed by the Far East including China and Japan which accounted for 20.1% percent of exports from Ghana.

The Rest of Africa with 15.7%, the European Union with 12.3%, Other Economies (10.6%), ECOWAS (9.0%), and North America (1.2%) followed suit respectively.

According to data from the Bank of Ghana, the Far East however emerged as the leading source of imports accounting for 39.1% of the total imports. This indicates China and the United Arab Emirates were the largest trade destination for Ghanaian traders.

The European Union followed with a share of 24.2% whilst North America (12.4%) and Other’ economies (8.0%) respectively followed. Other Europe (6.8%), Rest of Africa (5.5%) and ECOWAS (4.0%) were also regions or continent Ghana imported goods from.

Top 10 major non-oil imports hit $743m

Meanwhile, the total value of the top 10 non-oil merchandise imports for the third quarter of 2020 amounted to $743.19 million compared to $695.56 million recorded a year ago.

Some items included motor vehicles for the transport of persons and goods, self-propelled bulldozers, frozen fish, weedicides and rice.

The value of capital goods during the period [quarter 3] was $534 million, up by 6.13% or $30.86 million from the corresponding period in 2019. This was on account of an 11.53% increase in the imports of Capital goods (except transport).

Consumption goods imported, however decreased by 14.86% to $511.87 million, compared to $601.19 million a year ago.

Sub categories in this classification that accounted for the decrease included non-durable consumer goods, primary food and beverages, and processed food and beverages.

The value of intermediate goods imported however decreased by 26.47% to $1.1 billion compared to $1.49 billion recorded a year ago.

Latest news

Becca ‘failed’ to attend her mother’s final funeral rites

Entertainment of Saturday, 27 February 2021 Source: www.ghanaweb.com 2021-02-27 Ghanaian musician, Becca and her deceased mother News has emerged that Ghanaian musician, Rebecca Akosua Acheampomaa Acheampong popularly known...

Hearts of Oak announce signing of Eleven Wonders star Salifu Ibrahim

Sports News of Sunday, 28 February 2021 Source: Ghana Soccernet 2021-02-28 Salifu Ibrahim is now a player of Hearts of Oak Hearts of Oak has announced the signing...

Judicial Service order: It is not what people write; it is how the judiciary handles cases

General News of Saturday, 27 February 2021 Source: www.ghanaweb.com 2021-02-27 Prof. H.K. Prempeh is Executive Director of the CDD On the matter of the Judicial Service asking some...

Nana Ama Mcbrown and A-Plus owe me an apology

Entertainment of Saturday, 27 February 2021 Source: Sammy Kay Media 2021-02-27 Media personality, Mona Gucci Media personality, Mona Gucci has asserted on her Link Up show on Kantanka...

Related news

Becca ‘failed’ to attend her mother’s final funeral rites

Entertainment of Saturday, 27 February 2021 Source: www.ghanaweb.com 2021-02-27 Ghanaian musician, Becca and her deceased mother News has emerged that Ghanaian musician, Rebecca Akosua Acheampomaa Acheampong popularly known...

Hearts of Oak announce signing of Eleven Wonders star Salifu Ibrahim

Sports News of Sunday, 28 February 2021 Source: Ghana Soccernet 2021-02-28 Salifu Ibrahim is now a player of Hearts of Oak Hearts of Oak has announced the signing...

Judicial Service order: It is not what people write; it is how the judiciary handles cases

General News of Saturday, 27 February 2021 Source: www.ghanaweb.com 2021-02-27 Prof. H.K. Prempeh is Executive Director of the CDD On the matter of the Judicial Service asking some...

Nana Ama Mcbrown and A-Plus owe me an apology

Entertainment of Saturday, 27 February 2021 Source: Sammy Kay Media 2021-02-27 Media personality, Mona Gucci Media personality, Mona Gucci has asserted on her Link Up show on Kantanka...
- Advertisement -