Crude oil exports from Ghana: data, top buyers and prices
Ghana exported $3.74 billion of crude oil in 2024 (6.09 million tonnes). Value fell 27% from 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2022, at $7.11 billion.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Exports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $3.74B | 6.09M t |
| 2023 | $5.11B | 8.17M t |
| 2022 | $7.11B | 9.77M t |
| 2021 | $4.91B | 9.60M t |
| 2020 | $3.05B | 8.76M t |
| 2019 | $4.56B | 8.80M t |
| 2018 | $4.74B | 8.49M t |
| 2017 | $2.52B | 6.18M t |
Where Ghana exports crude oil to
Most of it went to China (34%), United States (21%), Brazil (11%). Among the main buyer markets, South Africa grew fastest (+102% on the year before).
| Destination | Value | Share |
|---|---|---|
| China | $1.27B | 34% |
| United States | $766.8M | 21% |
| Brazil | $408.7M | 11% |
| South Africa | $339.1M | 9.1% |
| Italy | $305.2M | 8.2% |
| India | $224.4M | 6% |
| Portugal | $151.5M | 4.1% |
| Spain | $82.3M | 2.2% |
| Bulgaria | $76.6M | 2.1% |
| Germany | $47.9M | 1.3% |
Average export price per kg
The average declared value was about $0.61 per kg, close to the world average of $0.54.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in Ghana?
The shipment records behind Ghana crude oil exports (HS 2709): companies, dates, quantities and declared values.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Direct customs feed: shipment-level records from the official customs source.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 2709: Petroleum oils and oils obtained from bituminous minerals; crude.
Common questions
What is the value of crude oil exported by Ghana?
Ghana exported crude oil worth $3.74 billion in 2024, the latest year with complete public data, about 6.09 million tonnes. That ranks it 30th of 138 countries worldwide, with 0% of world exports. The value was down 27% on 2023.
Which countries buy crude oil from Ghana?
China was the largest buyer with 34% of the value ($1.27 billion), followed by the United States (21%) and Brazil (11%). The top three together account for 65%, out of 12 buyer countries in total. South Africa grew fastest among the top ten, up 102% on the year.
What is the average export price of crude oil per kg?
The average declared export value was about $0.61 per kg in 2024, 13% above the world average of $0.54 per kg. The figure blends every grade shipped, so it works as a reference point rather than a quote.
How have exports of crude oil from Ghana changed since 2017?
Exports went from $2.52 billion in 2017 to $3.74 billion in 2024, an increase of 48%. The peak was 2022 at $7.11 billion. Over 8 years the average was $4.47 billion a year.
What is the HS code for crude oil?
The HS code for crude oil is heading 2709. In Ghana all of this trade was declared under the six-digit code 2709.00. It sits in HS chapter 27 (mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes). The full list of codes and descriptions is on the HS 2709 page.
How can I find the companies behind this trade?
EximDataX has a direct customs feed for Ghana, so the importers and exporters behind these totals are visible by name, shipment by shipment. Ask for a live look at your product.
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