Russian foreign trade
reports and reviews

Russian trade in goods with Ghana in Q4 2017

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia
The Report on Russia’s foreign trade in goods with Ghana in the fourth quarter of 2017: exports, imports, products, dynamics.

Russia’s Trade with Ghana

In the 4th quarter of 2017, Russia’s trade with Ghana was $46,785,367, down 20.30% ($11,914,696) from the 4th quarter of 2016.

Russia’s exports to Ghana in the 4th quarter of 2017 were $24,308,651, down 25.81% ($8,456,260) from the 4th quarter of 2016.

Russia’s imports from Ghana in the 4th quarter of 2017 were $22,476,716, down 13.33% ($3,458,436) from the 4th quarter of 2016.

Russia’s trade surplus with Ghana in the 4th quarter of 2017 was $1,831,935, a 73.18% decrease ($4,997,824) over the 4th quarter of 2016.

Ghana was Russia’s 102nd largest trading partner in the 4th quarter of 2017 (down from 96th in the 4th quarter of 2016), accounting for 0.0280% of Russia’s total trade (down from 0.0431% in the 4th quarter of 2016).

Ghana was Russia’s 105th largest export market in the 4th quarter of 2017 (down from 95th in the 4th quarter of 2016), accounting for 0.0236% of Russia’s total exports (down from 0.0391% in the 4th quarter of 2016).

Ghana was Russia’s 88th largest supplier in the 4th quarter of 2017 (down from 83rd in the 4th quarter of 2016), accounting for 0.0350% of Russia’s total imports (down from 0.0495% in the 4th quarter of 2016).

Russia’s Exports to Ghana

The major share of Russian exports to Ghana in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 73.88% of Russia’s total exports to Ghana (43.82% in the 4th quarter of 2016);
  • Chemical products (HS codes 28-40) - 13.42% of Russia’s total exports to Ghana (13.49% in the 4th quarter of 2016);
  • Mineral products (HS codes 25-27) - 5.59% of Russia’s total exports to Ghana (39.24% in the 4th quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 5.16% of Russia’s total exports to Ghana (2.67% in the 4th quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 1.31% of Russia’s total exports to Ghana (0.68% in the 4th quarter of 2016).

The largest gains in Russia’s exports to Ghana in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Cereals (HS code 10) - an increase of $3,583,256;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - an increase of $357,956;
  • Articles of iron or steel (HS code 73) - an increase of $131,186.

The largest declines in Russia’s exports to Ghana in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $11,499,056;
  • Fertilizers (HS code 31) - a decrease of $1,076,657.
Russia’s exports to Ghana in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value of exports
in Q4 2017,
US dollars ($)
Percent share in total export Value of exports
in Q4 2016,
US dollars ($)
Percent change
in Q4 2017
over Q4 2016
02 Meat and edible meat offal 104,678 0.43 85,70322.14
10 Cereals 17,855,300 73.45 14,272,04425.11
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 1,359,445 5.59 12,858,501-89.43
29 Organic chemicals 0 0.00 26,078-100.00
31 Fertilizers 3,248,531 13.36 4,325,188-24.89
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 0 0.00 58,754-100.00
38 Miscellaneous chemical products 13,620 0.06 3,363305.00
39 Plastics and articles thereof 753 0.00 3,627-79.24
40 Rubber and articles thereof 16 0.00 2,350-99.32
44 Wood and articles of wood; wood charcoal 20,932 0.09 0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 1,232,893 5.07 874,93740.91
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 1,653 0.01 459260.13
73 Articles of iron or steel 137,831 0.57 6,6451,974.21
76 Aluminum and articles thereof 10,000 0.04 5019,900.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 261,219 1.07 202,98528.69
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 0 0.00 1,862-100.00
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 56,386 0.23 0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 0 0.00 17,915-100.00
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 0 0.00 15,935-100.00
95 Toys, games and sports requisites; parts and accessories thereof 5,394 0.02 8,515-36.65

Russia’s Imports from Ghana

The major share of Russian imports from Ghana in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 99.30% of Russia’s total imports from Ghana (99.31% in the 4th quarter of 2016).

The largest gains in Russia’s imports from Ghana in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Edible fruit and nuts; peel of citrus fruit or melons (HS code 08) - an increase of $115,830.

The largest declines in Russia’s imports from Ghana in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Cocoa and cocoa preparations (HS code 18) - a decrease of $3,600,112.
Russia’s imports from Ghana in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value of imports in Q4 2017,
US dollars ($)
Percent share in total import Value of imports in Q4 2016,
US dollars ($)
Percent change
in Q4 2017
over Q4 2016
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 397 0.00 1,072-62.97
08 Edible fruit and nuts; peel of citrus fruit or melons 151,583 0.67 35,753323.97
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 78 0.00 0
14 Vegetable plaiting materials; vegetable products not elsewhere specified or included 46,874 0.21 0
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 3,130 0.01 2,00156.42
18 Cocoa and cocoa preparations 22,118,300 98.41 25,718,412-14.00
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 0 0.00 1,591-100.00
44 Wood and articles of wood; wood charcoal 156,354 0.70 176,323-11.33

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Russian foreign trade statistics
Source: Federal Customs Service of Russia