Palm oil imports in Ghana: data, top suppliers and prices
Ghana imported $137.7 million of palm oil in 2024 (135.2 thousand tonnes). That is 26% less than in 2023. Over 2017-2024 it shrank by about 6% a year on average. The peak in this period was 2021, at $391.8 million.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Imports by year, 2017-2024
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Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $137.7M | 135.2K t |
| 2023 | $185.4M | 159.7K t |
| 2022 | $212.3M | 178.3K t |
| 2021 | $391.8M | 367.2K t |
| 2020 | $210.9M | 293.7K t |
| 2019 | $195.5M | 363.7K t |
| 2018 | $321.0M | 312.7K t |
| 2017 | $208.3M | 295.1K t |
Where Ghana imports palm oil from
Malaysia alone supplied 57% of it.
| Supplier country | Value | Share |
|---|---|---|
| Malaysia | $78.7M | 57% |
| Indonesia | $55.3M | 40% |
| Cote d'Ivoire | $3.2M | 2.3% |
| Togo | $209K | 0.2% |
| Singapore | $156K | 0.1% |
| United States | $84K | 0.1% |
| Nigeria | $47K | 0% |
| Lebanon | $9K | 0% |
| South Africa | $0K | 0% |
Product types under HS 1511
| 1511.90 | Refined palm oil | 100% |
| 1511.10 | Crude palm oil | 0.1% |
Codes and full descriptions: HS heading 1511.
Average import price per kg
The average declared value was about $1.02 per kg, close to the world average of $1.00.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Palm oil exports from Ghana
In 2024, Ghana exported palm oil worth $46.3 million (36.2 thousand tonnes). Most of it went to Nigeria (17%), Netherlands (17%), Senegal (14%). Trade is spread widely: the top three buyer markets together make up only 48%. Among the main buyer markets, Netherlands grew fastest (+371% on the year before).
| Destination | Value | Share |
|---|---|---|
| Nigeria | $8.1M | 17% |
| Netherlands | $7.9M | 17% |
| Senegal | $6.3M | 14% |
| Spain | $6.0M | 13% |
| United States | $3.7M | 8% |
| Belgium | $2.9M | 6.3% |
| Niger | $2.7M | 5.9% |
| Germany | $2.6M | 5.6% |
| United Kingdom | $1.5M | 3.3% |
| Italy | $1.3M | 2.9% |
Who is behind these numbers in Ghana?
The shipment records behind Ghana palm oil imports (HS 1511): 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: Palm oil and its fractions; whether or not refined, but not chemically modified.
Common questions
What is the value of palm oil imported by Ghana?
Ghana imported palm oil worth $137.7 million in 2024, the latest year with complete public data, about 135.2 thousand tonnes. That ranks it 50th of 210 countries worldwide, with 0% of world imports. The value was down 26% on 2023.
Which countries supply palm oil to Ghana?
Malaysia was the largest supplier with 57% of the value ($78.7 million), followed by Indonesia (40%) and Cote d'Ivoire (2%). The top three together account for 100%, out of 9 supplier countries in total. Lebanon grew fastest among the top ten, up 49% on the year.
What is the average import price of palm oil per kg?
The average declared import value was about $1.02 per kg in 2024, close to the world average of $1.00 per kg. Because it averages all grades and sizes, treat the figure as a market benchmark, not a price offer.
How have imports of palm oil to Ghana changed since 2017?
Imports went from $208.3 million in 2017 to $137.7 million in 2024, a fall of 34%. The peak was 2021 at $391.8 million. Over 8 years the average was $232.9 million a year.
Does Ghana also export palm oil?
Yes. Ghana exported $46.3 million worth of this product in 2024, mainly to Nigeria, the Netherlands and Senegal. On balance Ghana is a net importer of this product, by about $91.4 million a year.
What is the HS code for palm oil?
The HS code for palm oil is heading 1511. In Ghana the largest six-digit codes were 1511.90 (100% of the value) and 1511.10 (0%).
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.
Same product, other countries
Palm oil product types in Ghana
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