Crude palm oil exports from Ghana: data, top buyers and prices
Exports of crude palm oil by Ghana reached $20.4 million in 2024 (17.9 thousand tonnes). Value fell 45% from 2023. Over 2017-2024 the trade grew strongly, by about 44% a year on average. The peak in this period was 2022, at $40.0 million.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Exports by year, 2017-2024
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Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $20.4M | 17.9K t |
| 2023 | $37.4M | 34.8K t |
| 2022 | $40.0M | 39.2K t |
| 2021 | $20.5M | 21.3K t |
| 2020 | $4.1M | 3.7K t |
| 2019 | $12.1M | 17.2K t |
| 2018 | $10.6M | 11.8K t |
| 2017 | $1.6M | 981 t |
Where Ghana exports crude palm oil to
The largest buyer markets were Netherlands (34%), Spain (21%), Nigeria (15%). Among the main buyer markets, Netherlands grew fastest (+558% on the year before).
| Destination | Value | Share |
|---|---|---|
| Netherlands | $7.0M | 34% |
| Spain | $4.2M | 21% |
| Nigeria | $3.1M | 15% |
| Belgium | $2.1M | 11% |
| United States | $1.9M | 9.3% |
| India | $970K | 4.8% |
| Togo | $333K | 1.6% |
| Italy | $254K | 1.3% |
| Colombia | $207K | 1% |
| France | $121K | 0.6% |
Average export price per kg
The average declared value was about $1.14 per kg, close to the world average of $0.99.
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 palm oil exports (HS 1511.10): companies, dates, quantities and declared values.
Shipment records are in the platform
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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 1511.10: Vegetable oils: palm oil and its fractions, crude, not chemically modified.
Common questions
What is the value of crude palm oil exported by Ghana?
Ghana exported crude palm oil worth $20.4 million in 2024, the latest year with complete public data, about 17.9 thousand tonnes. That ranks it 22nd of 107 countries worldwide, with 0% of world exports. The value was down 45% on 2023.
Which countries buy crude palm oil from Ghana?
The Netherlands was the largest buyer with 34% of the value ($7.0 million), followed by Spain (21%) and Nigeria (15%). The top three together account for 70%, out of 20 buyer countries in total. The Netherlands grew fastest among the top ten, up 558% on the year.
What is the average export price of crude palm oil per kg?
The average declared export value was about $1.14 per kg in 2024, 15% above the world average of $0.99 per kg. The figure blends every grade shipped, so it works as a reference point rather than a quote.
How have exports of crude palm oil from Ghana changed since 2017?
Exports went from $1.6 million in 2017 to $20.4 million in 2024. The peak was 2022 at $40.0 million. Over 8 years the average was $18.3 million a year.
What is the HS code for crude palm oil?
The HS code for crude palm oil is subheading 1511.10. It sits in HS chapter 15 (animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes). The full list of codes and descriptions is on the HS 1511 page.
How can I find the companies behind this trade?
The totals here are public statistics; the company-level detail sits in EximDataX, which has a direct customs feed for Ghana. Tell us your product to see it live.
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