The Far East accounted for the largest share of 36.1% of total exports from Ghana in the first six months of the year.
According to data from the Bank of Ghana, Other Economies followed with 17% and then Other European countries with 16.1% of the share.
The European Union (12.3%), the Rest of Africa (10.3%), ECOWAS (5.1%) and North America (3.1%) followed suit.
The estimated value of merchandise exports for the second quarter of 2020 was however $3.4 billion, indicating a decrease of $548.42 million (13.6 percent) compared with US$4.02 billion recorded in the same period in 2019.
The decrease was attributable to declining receipts from the exports of crude oil, although other exports (other minerals and non-traditional exports) and some commodities recorded lower export receipts.
Timber Products
Earnings from the export of timber products in the second quarter amounted to $29.17 million representing a decline from the 2019 exports of $40.08 million.
Other Exports
The value of “other” exports, which is made up of non-traditional exports, electricity and other minerals (bauxite, diamond, aluminium and manganese), was estimated at $566.56 million, 16.2 percent lower than the outturn in the second quarter of 2019.
Top 10 Exported Non-Traditional Items
The value of the top-ten non-traditional commodities exported during the period under review amounted to $273.44 million compared to $309.36 million recorded for the same period in 2019.
Among the top 10 non-traditional items exported were cashew nuts, prepared or preserved tuna, palm oil and its fractions and aluminium.
Latest Stories
-
Davido gifts fan $50K to clear off her student loan
4 mins -
Netflix: Profits soar after password sharing crackdown
6 mins -
OSP files additional charges against former PPA CEO Adjenim Boateng Adjei
9 mins -
Samuel Anini’s ‘Legacy of Hope’ to be launched in Finland
17 mins -
Fitch Solutions projects 19.0% average inflation for Ghana in 2024
17 mins -
Beijing half marathon: Top 3 stripped of medals after investigation
20 mins -
Nigerian Tunde Onakoya attempts to break chess marathon record
24 mins -
Government set to strip ECG of its billing, collection powers – Egyapa Mercer
30 mins -
We have to focus on Premier League now – Jurgen Klopp
38 mins -
Oil price rises as US says Israel has struck Iran
44 mins -
MPs open up about growing financial pressures and health challenges
49 mins -
Nigerian music star Simi talks charting her path to stardom, and why she still engineers her own music
52 mins -
You’ve got no power to impose fines on us – ECG board members to PURC
1 hour -
Ghana to host Ghana-Cote d’Ivoire Cocoa Initiative Headquarters
1 hour -
Olympism365: IOC, WHO and PATH hold stakeholder engagement in Ghana
1 hour