These items could be changed depending on Government Policy. Advanced users can use our Python/R/Matlab packages. Accra, Ghana//-The news that broke that China has exported some quantities of cocoa beans to Belgium has generated fuss among Ghanaians. Austin Strange, Bradley C. Parks, Michael J. Tierney, Andreas Fuchs, Axel Dreher, and Vijaya Ramachandran. Major Trade Partners For full datasets download visit Bulk Download page. Gold is a foremost export commodity for Ghana, with this treasure-able metal bringing in almost 48 percent of the country's revenue. Value Year; China: $1.90B 2019 United States: $976.22M 2019 United Kingdom: . It not only abates reliance on your indigenous customers, but also allows for greater market reach and profit. Sea Freight Shipping from China to Ghana China-Ghanaian relations refer to the current and historical relationship between the Republic of Ghana and the People's Republic of China (PRC). Aluminum: $128.7 million (1%) Ghana's top 10 exports accounted for 94.4% of the overall value of its global shipments. Most of China's foreign direct investment in Ghana is focused on manufacturing, construction, tourism . Exports The top exports of Ghana are Gold ($5.93B), Crude Petroleum ($2.71B), Cocoa Beans ($1.28B), Cocoa Paste ($414M), and Coconuts, Brazil Nuts, and Cashews ($361M), exporting mostly to Switzerland ($3.07B), United Arab Emirates ($1.64B), China ($1.52B), India ($1.18B), and Netherlands ($697M). 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 . This website uses cookies to improve your experience while you navigate through the website. 2014-2022. Download historical data for 20 million indicators using your browser. How much money does Ghana make from chocolate? 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. Ghana is the largest exporter of Sesame seeds and accounts for 352 shipments. 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. The campaign group also said that logging was contributing to the desertification crisis in Ghana. In September 2010 Ghanaian President John Evans Atta Mills visited China on an official visit. Bilateral trade between Ghana and the United States totaled $1.5 billion in 2020, down from $1.8 billion in 2019 due primarily to a drop in Ghana's oil exports. Nkrumah's dressing changed to the Chinese-supplied Mao suit. Bansar handles many kinds of goods from China to Ghana, such as general merchandise, chemicals goods, brand goods, besides that we provide competitive shipping rates, we have rich experience to make CTN certificate and COC certificate so that consignee can finish the customs clearance successfully in Ghana. Plastics and rubbers (3.9%) Rubber tires, plastic housewares, etc. EXPORT GHANA EXPORT MORE. . 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. 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. The Export Support Service provides specialised support for UK businesses that export to China. Trade is highly concentrated, with Malaysia and the Netherlands account for just over half of the market. [4]:14&17 By 2014, total Chinese investments in Ghana had increased to $1.6 billion in that year alone. They began arriving in the late 1940s and early 1950s. Spending on climate the right thing to do, says Sunak, Salsa by phone-light: Ukrainians battle power cuts, Biden and Trump in last-ditch bid for crucial midterms votes, Looking for clues in video of forgotten massacre. The two West African countries control 60% of the world's total . Ghana, wake up! If you plan to sell in China long-term, using a bonded warehouse can be advantageous as you will be able to reduce your shipping costs a lot. Of the $130bn chocolate industry, African cocoa exporters make just a small slice. Aluminum was the fastest grower among Ghana's top 10 export categories, up by 53.7% from 2020 to 2021. This visualization show the product space at the HS4 level colored from blue to yellow. Base metals not specified elsewhere, cermets. Ghana exported Cocoa beans, whole or broken, raw or . 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. A ship entering the Ghanaian port must be given a ship entry notice (SEN) within two months of the entry. In the 1960s President Nkrumah lobbied for the PRC's reinstatement in the United Nations. VideoLooking for clues in video of forgotten massacre, The agony of not knowing, as Mariupol mass burial sites grow. Quoting data from the International Trade Centre, he said in 2018, Ghanas exports to China amounted to US$2.4 billion, surpassing other trade partners. Visit online help, call phone no. 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. 2021 All Rights Reserved Citi Newsroom. +233 303 200192, or email (gh.export@maersk.com) for further assistance. After the coup, Nkrumah stayed in Beijing for four days and Premier Zhou Enlai treated Nkrumah with courtesy. The main products exported from China to Ghana were Coated Flat-Rolled Iron ($232M), Rubber Footwear ($211M), and Motorcycles and cycles ($173M). In addition, the United States also exports a large amount of cotton ($3.4 billion), corn ($1.3 billion), and animal hides and skins ($827 million). 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%). The big issues facing Egypt's COP27 climate summit, The surprising truth about the Philistines, South Koreans demand justice for Itaewon dead, 'There really is more to life than posting on Instagram', Why mourners are opting to scatter ashes by drone. A4:T/T or L/C at sight. The Trading Economics Application Programming Interface (API) provides direct access to our data. 2022 BBC. Analytical cookies are used to understand how visitors interact with the website. We have a plan for your needs. In 2020, Ghana did not export any services to China. This page displays a table with Ghana Imports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade. What is Ghana's biggest export? In 2005 US$433.74 million worth of imports came into Ghana from China with Ghana exporting US$0.1 worth of exports. In 2019, countries that imported more from China than Ghana were United States ($438B), Hong Kong ($262B), and Japan ($151B). Free shipping for many products! A3:Yes. These cookies ensure basic functionalities and security features of the website, anonymously. 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%. He said currently, China was Ghana's largest trade partner, contributing hugely to Foreign Direct Investments in the country. The report blames corrupt officials in Ghana for forging documents to allow the wood to leave the country. Q3:Do need to apply Permit to export Military, police and tactical items from China? For the records, China is currently the largest investor in Ghana by a number of registered projects; it is also Ghana's biggest trading partner with the total value of trade reaching a record 7.46 billion U.S. dollars in 2019 (Ghana Exports to China, 2.56 billion U.S. dollars and Chinese Exports to Ghana 4.9 billion U.S. dollars) thereby . 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. The cookie is used to store the user consent for the cookies in the category "Performance". Customs releases must be processed and submitted at the export desk within cut-off times, normally 5 days to vessel ETA. Washington DC: Center for Global Development. 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. Only China Xinxing could issue the permit for the legal shipment. White label accounts can distribute our data. As reported in earlier publication on Nairametrics, India has remained Nigeria's biggest export destination after it eclipsed the United States from the position. Transportation (4.5%) Vehicle parts, passengers and cargo ships, motorcycles, etc. US$99 million interest-free loan for the construction of landing sites for fishing communities and the Afife rice project. 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. Total Chinese exports make up 7.46% of the total world exports - an indication of . [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. [5], Since the 2000s the volume of Chinese trade and investment in Ghana has increased greatly. Why did 300 containers of precious timber go missing? [13] The sources of migration have also expanded; whereas earlier migrants came mostly from Hong Kong or Shanghai, later Chinese migrants have arrived from Guangdong and Henan as well as the Republic of China on Taiwan. fast growing consumer . [4]:4 & 8[9], China is currently the second largest exporter to Ghana. The Ghana Cocoa Board (COCOBOD) is assessing the potential impact of the export of cocoa beans by China on the local cocoa industry. Mineral fuels, oils, distillation products, Fish, crustaceans, molluscs, aquatics invertebrates, Oil seed, oleagic fruits, grain, seed, fruits, Raw hides and skins (other than furskins) and leather, Inorganic chemicals, precious metal compound, isotope, Animal, vegetable fats and oils, cleavage products, Albuminoids, modified starches, glues, enzymes, Dairy products, eggs, honey, edible products, Soaps, lubricants, waxes, candles, modelling pastes, Musical instruments, parts and accessories, Manufacturers of plaiting material, basketwork, Milling products, malt, starches, inlin, wheat gluten, Optical, photo, technical, medical apparatus, Essential oils, perfumes, cosmetics, toileteries, Cereal, flour, starch, milk preparations and products, Salt, sulphur, earth, stone, plaster, lime and cement, Other made textile articles, sets, worn clothing, Articles of leather, animal gut, harness, travel good, Edible fruits, nuts, peel of citrus fruit, melons, Edible vegetables and certain roots and tubers, Articles of apparel, not knit or crocheted, Residues, wastes of food industry, animal fodder, Furniture, lighting signs, prefabricated buildings, Bird skin, feathers, artificial flowers, human hair, Paper and paperboard, articles of pulp, paper and board. This chart compares trade between China and Ghana by product, considering products traded by both, China and Ghana. It does not store any personal data. To seize more of the value of a bar of chocolate, it needs to bring . 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). Top UK goods exports to Ghana include: According to Eric Opoku, Ghana imports almost everything yet the government boasts of implementing one district one factory. [12] In the late 1960s and early 1970s, some of the Hong Kong migrants began to bring their wives and children over to Ghana. Speaking at the launch of the E-Tang Group Ghana Ltd, a subsidiary of Chinese printing giants, Shanghai KS, he said: This demonstrates the commitment that both countries attach to trade and investment for mutual benefits.. 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). . If cassava is imported, they inflate the cost on the invoice, thus; if China exports, for example, $20,000 worth of cassava into the country, invoice covering that export can be made $50,000 in Ghana. Delivery Hong Kong to Shanghai = 56%. Madagascar's forests plundered for rare rosewood. from $4.23M in 1995 to $1.52B in 2020. Three leap from migrant rescue boat held in Italy, Olivia Attwood withdraws from I'm a Celebrity. In 2020, Ghana did not export any services to China. The law provides exemptions for government, diplomatic personnel, NGO's and some others. The study is conducted based on one. 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. However, you may visit "Cookie Settings" to provide a controlled consent. 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. Via a -5.9% drop, Denmark was the sole top country to . Greater than 15 to 500 ppm Sulfur. He said, the NDC Government built the Komenda Sugar factory and secured a loan to . For Ghanaian Food and Drug Authority (FDA) -regulated products (certain food . China reciprocated with a visit in November 2011 by the Vice Chairman of the Standing Committee of the National People's Congress of China Zhou Tienong who visited Ghana and met with Ghana's then Vice President John Dramani Mahama. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Free shipping for many products! from $71.3M in 1995 to $6.75B in 2020. 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. Ghana has a diverse & rich resource base and has one of the top ten fastest growing economies in the world and the fastest growing economy in Africa. IATF2023 - English The African Export-Import Bank (Afreximbank), in collaboration with the African Union and the AfCFTA Secretariat, brings you. compared to 2018 (it was 0.342% in 2018 and cumulative exports from Ghana were equal to $ 17 billion). China and Ghana have surpassed $4 billion in trade. 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. The cookie is used to store the user consent for the cookies in the category "Other. Ghana has approximately 2.6 million hectares of forest reserve land, of which 1.6 million hectares falls within the so-called High Forest Zone. General . According to the Chinese Academy of Tropical Agricultural Sciences (CATAS) the first batch of 500 kg of cocoa beans worth 3,044 euros (about $3600) was produced in the Xinglonga township of south . October 19, 2022. Learn about all aspects of exporting and world markets through these solutions, or take advantage of our . The cookies is used to store the user consent for the cookies in the category "Necessary". 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. Related questions. 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. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. After Kufuor was elected president of Ghana in 2001 the PRC gave Ghana a US$2.4 million grant to renovate the theatre.[4]. Soybeans are used in a range of products including cooking oil and as animal feed. The procedures for importing goods from China to Ghana are detailed in the following section. 2013. It is also Ghana's biggest trading partner with the total value of trade reaching a record $7.46 billion in 2019. Experts point towards Ghana cleaning up its export industry. The two entities were sharing their thoughts on the potential The share of commodity group 4001 in total exports from Ghana increased by 0.048 p.p. Value of U.S. trade goods exports to China. [14] With the economic reform and opening up in the PRC, migrants from mainland China began arriving. This cookie is set by GDPR Cookie Consent plugin. The main products that Ghana exported to China were Crude Petroleum ($1.24B), Manganese Ore ($164M), and Sawn Wood ($24.3M). According to The Economist, China has experienced an increase from 19 billion to 37 billion liters of bottled water between 2010 and 2015. Q4: What is your terms of payment? Necessary cookies are absolutely essential for the website to function properly. 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. This cookie is set by GDPR Cookie Consent plugin. Standard users can export data in a easy to use web interface or using an excel add-in. 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. [15], China-Ghanaian trade and Foreign Direct Investment. This included a grant of a US$7.5 million for the construction of an office complex for Ghana's Ministry of Defence. [14] As of 2009 there were an estimated 700,000 ethnic Chinese migrants that have settled in Ghana. The ancestors of ethnic Chinese migrants to Ghana were of Hong Kong origin. There are a number of reasons to choose China as an export destination: largest country in the world by population with over 160 cities of more than a million inhabitants. The capital might of the Chinese merchants trading in Ghana have culminated in substantial impacts on Ghanaian traders and trading spaces. 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. Opened in November 2011 the office in Ghana focuses on the West African region for the fund. This cookie is set by GDPR Cookie Consent plugin. Read more. 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 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. Democrats elevated this Republican. Whereas total Chinese FDI in Ghana for the 2000 to 2007 period was $199 million, cumulative investments for the 2008 to 2015 period was $2.2 billion. In May, Gabon fired its vice-president and minister of forestry after 300 containers of kevazingo, also known as African rosewood, went missing. Monthly value of U.S. trade goods exports to China June 2022. By value, the listed 15 countries shipped 97.5% of cement imported by United States in 2021. It called for the trade in rosewood to be suspended across the West African region and for China to comply with international agreements on endangered species. (Source: IMF) Ghana is currently our 83rd largest goods trading partner with $1.8 billion in total (two way) goods trade during 2019. The following are the specific steps required to import a good into Ghana: Obtain registration certificate from the Registrar General's Department. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. 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. It is a fact, evidence by records over the years, that gold is a major foreign exchange earner for Ghana's socio-economic development. Ghana's main import partners are China, the United States, Belgium, India and the United Kingdom. China-Ghana In 2020, China exported $6.75B to Ghana. There is strict law and regulation by Chinese government for the exporting of Military , police and tactical items. Despite affording the average Ghanaian consumer low priced goods, they have displaced not only local Ghanaian traders but also goods coming from neighboring African countries. The Exportation of Gold from Ghana. 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. 2022 Data 2023 Forecast 1996-2019 Historical. 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. 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. 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. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".