Ghana and the United Kingdom trade in a variety of areas, including agriculture, industry, services, and technology. Notably, Ghana sends coffee, tea, crude oil, and vegetables to the United Kingdom while importing equipment, textiles, and meat, among others. Recent trade data show that bilateral trade volumes between the United Kingdom and Ghana are continuously increasing.
At the end of the third quarter of 2023, the total value of trade in goods and services (imports plus exports) between the UK and Ghana was £2.3 billion, up £703 million at current prices or 44.6% from the same period the previous year, according to the UK Department for Business and Trade factsheets. Out of this, £2.3 billion.
Total imports into the UK from Ghana totaled £1.2 billion in the four quarters ending Q3 2023 (up 110.1%, or £646 million at current prices, from the four quarters ending Q3 2022).
Ghana ranked as the UK’s 65th largest trading partner in the four quarters preceding the end of Q3 2023, accounting for 0.1% of total UK trade.
“Of all UK imports from Ghana in the four quarters to the end of Q3 2023, £693 million (56.2%) were goods and £540 million (43.8%) were services. In the same period, UK imports of goods from Ghana increased by 188.8% or £453 million in current prices, compared to the four quarters to the end of Q3 2022 while UK imports of services from Ghana increased by 55.6% or £193 million in current prices, compared to the four quarters to the end of Q3 2022,”the report read.
With that said, here are the top 5 goods imported by the UK from Ghana in the four quarters to the end of Q3 2023
| Rank | Products | Trade value (Q3 2022 – Q3 2023) | % of overall trade |
|---|---|---|---|
| 1. | Crude oil | £551.9 million | 79.6% |
| 2. | Vegetables & fruit | £60.6 million | 8.7% |
| 3. | Fish & shellfish | £32.3 million | 4.7% |
| 4. | Coffee, tea, cocoa, etc | £20.5 million | 3.0% |
| 5. | Unspecified goods | £6.8 million | 1.0% |