Ghana: Fuel exports (% of merchandise exports)

Key figures

Since 1962 it is up 8.8 percentage points from 0% in 1962. The World Bank has no value for 12 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2025, Ghana's fuel exports (% of merchandise exports) fell 9.78 percentage points on 2024 (from 18.57% to 8.8%).

Across the 30 yearly changes before that (1979 to 2024), the average change was +1.06 percentage points and a typical year strayed about 9.9 percentage points from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 40.31 percentage points in 2011 and the biggest yearly fall was 16.94 percentage points in 1984. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains 6% of the movement over 9 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Ghana had the 37th highest value of the 99 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Ghana in the 2025 ranking

• Singapore — 34th of 99: 9.41%
• Kyrgyz Republic — 35th of 99: 9.4%
• Argentina — 36th of 99: 9.1%
• Côte d'Ivoire — 38th of 99: 8.76%
• Malta — 39th of 99: 8.61%
• Latvia — 40th of 99: 8.52%

What this measures

Fuels comprise the commodities in SITC (Rev. 3) section 3 (mineral fuels, lubricants and related materials). This indicator is expressed as a percentage of merchandise exports which is comprised of goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e.

Limitations: Previous editions contained data based on the SITC revision 1. Data for earlier years in previous editions may differ because of the change in methodology. Concordance tables are available to convert data reported in one system to another.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 52 values

Fuel exports (% of merchandise exports) in nearby economies

• Angola — 91.5% (2025)
• Benin — 0.00000515% (2024)
• Botswana — 0.67% (2023)
• Burkina Faso — 0.02% (2024)
• Burundi — 1.89% (2023)
• Cabo Verde — 0% (2023)
• Cameroon — 54.07% (2023)
• Central African Republic — 0.03% (2024)
• Comoros — 0.00485% (2023)
• Congo, Dem. Rep. — 1.8% (2024)

More private sector & trade data for Ghana

• Merchandise trade (% of GDP) — 42.52% (2025)
• Merchandise imports (current US$) — US$17.45 billion (2025)
• Merchandise exports (current US$) — US$31.11 billion (2025)
• Merchandise imports from economies in the Arab World (% of total merchandise imports) — 10.1% (2023)
• Merchandise imports from high-income economies (% of total merchandise imports) — 56.4% (2023)
• Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) — 36.6% (2023)
• Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) — 22.78% (2023)
• Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports)

Reading data like this

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Questions people ask

What is Ghana's fuel exports (% of merchandise exports)?

8.8% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1962?

It is up 8.8 percentage points from 0% in 1962. The highest value was 40.42% in 2011 and the lowest 0% in 1962.

How does Ghana rank?

37th highest of 99 economies with data for 2025.

Is the latest change in fuel exports (% of merchandise exports) unusual for Ghana?

In 2025, Ghana's fuel exports (% of merchandise exports) fell 9.78 percentage points on 2024 (from 18.57% to 8.8%). Across the 30 yearly changes before that (1979 to 2024), the average change was +1.06 percentage points and a typical year strayed about 9.9 percentage points from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator TX.VAL.FUEL.ZS.UN, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Comtrade database, United Nations (UN), publisher: UN Statistics Division; World Integrated Trade Solution system (WITS), World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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