Refined petroleum products imports in Ghana: data, top suppliers and prices
In 2024, Ghana imported refined petroleum products worth $1.52 billion (1.64 million tonnes). Value fell 66% from 2023. Over 2017-2024 the trade grew strongly, by about 10% a year on average. The peak in this period was 2023, at $4.45 billion.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Imports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $1.52B | 1.64M t |
| 2023 | $4.45B | 5.36M t |
| 2022 | $2.97B | 2.98M t |
| 2021 | $1.68B | 2.19M t |
| 2020 | $684.8M | 1.48M t |
| 2019 | $427.8M | 518.0K t |
| 2018 | $396.2M | 358.6K t |
| 2017 | $765.6M | 1.44M t |
Where Ghana imports refined petroleum products from
One supplier dominates: Netherlands accounted for 56% of the value. Among the main suppliers, Malaysia grew fastest (+342% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| Netherlands | $842.2M | 56% |
| Belgium | $338.2M | 22% |
| Malaysia | $86.0M | 5.7% |
| Cote d'Ivoire | $83.2M | 5.5% |
| Morocco | $40.8M | 2.7% |
| United Kingdom | $24.3M | 1.6% |
| Lithuania | $22.0M | 1.5% |
| Togo | $18.8M | 1.2% |
| China | $13.6M | 0.9% |
| Singapore | $10.1M | 0.7% |
Average import price per kg
The average declared value was about $0.93 per kg, 26% above the world average of $0.74. This usually points to higher-grade or processed goods.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Refined petroleum products exports from Ghana
Ghana exported $245.5 million of refined petroleum products in 2024 (461.0 thousand tonnes). Burkina Faso alone took 86% of it. Among the main buyer markets, Burkina Faso grew fastest (+66% on the year before).
| Destination | Value | Share |
|---|---|---|
| Burkina Faso | $211.0M | 86% |
| Singapore | $33.2M | 14% |
| Togo | $1.0M | 0.4% |
| Niger | $121K | 0.1% |
| Iceland | $72K | 0% |
| Senegal | $41K | 0% |
| Namibia | $6K | 0% |
| Cote d'Ivoire | $4K | 0% |
| Benin | $3K | 0% |
| Netherlands | $2K | 0% |
Who is behind these numbers in Ghana?
The shipment records behind Ghana refined petroleum products imports (HS 2710): 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 2710: Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils.
Common questions
What is the value of refined petroleum products imported by Ghana?
Ghana imported refined petroleum products worth $1.52 billion in 2024, the latest year with complete public data, about 1.64 million tonnes. That ranks it 93rd of 226 countries worldwide, with 0% of world imports. The value was down 66% on 2023.
Which countries supply refined petroleum products to Ghana?
The Netherlands was the largest supplier with 56% of the value ($842.2 million), followed by Belgium (22%) and Malaysia (6%). The top three together account for 84%, out of 49 supplier countries in total. Malaysia grew fastest among the top ten, up 342% on the year.
What is the average import price of refined petroleum products per kg?
The average declared import value was about $0.93 per kg in 2024, 26% above the world average of $0.74 per kg. The figure blends every grade shipped, so it works as a reference point rather than a quote.
How have imports of refined petroleum products to Ghana changed since 2017?
Imports went from $765.6 million in 2017 to $1.52 billion in 2024, an increase of 98%. The peak was 2023 at $4.45 billion. Over 8 years the average was $1.61 billion a year.
Does Ghana also export refined petroleum products?
Yes. Ghana exported $245.5 million worth of this product in 2024, mainly to Burkina Faso, Singapore and Togo. On balance Ghana is a net importer of this product, by about $1.27 billion a year.
What is the HS code for refined petroleum products?
The HS code for refined petroleum products is heading 2710. In Ghana all of this trade was declared under the six-digit code 2710.00. 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 2710 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.
Same product, other countries
World refined petroleum products trade: top importers and exporters
More trade data for Ghana
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