Countries with fastest growing economies 2022
Russian foreign trade
reports and reviews

Russian trade in goods with Ghana in Q1 2020

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 first quarter of 2020: exports, imports, products, dynamics.

Russia’s Trade with Ghana

In the 1st quarter of 2020, Russia’s trade with Ghana was $34,990,857, down 35.95% ($19,637,811) from the 1st quarter of 2019.

Russia’s exports to Ghana in the 1st quarter of 2020 were $21,233,890, down 34.86% ($11,363,820) from the 1st quarter of 2019.

Russia’s imports from Ghana in the 1st quarter of 2020 were $13,756,967, down 37.56% ($8,273,991) from the 1st quarter of 2019.

Russia’s trade surplus with Ghana in the 1st quarter of 2020 was $7,476,923, a 29.24% decrease ($3,089,829) over the 1st quarter of 2019.

Ghana was Russia’s 103rd largest trading partner in the 1st quarter of 2020 (down from 95th in the 1st quarter of 2019), accounting for 0.0246% of Russia’s total trade (down from 0.0347% in the 1st quarter of 2019).

Ghana was Russia’s 98th largest export market in the 1st quarter of 2020 (down from 94th in the 1st quarter of 2019), accounting for 0.0239% of Russia’s total exports (down from 0.0312% in the 1st quarter of 2019).

Ghana was Russia’s 90th largest supplier in the 1st quarter of 2020 (down from 86th in the 1st quarter of 2019), accounting for 0.0259% of Russia’s total imports (down from 0.0415% in the 1st quarter of 2019).

Russia’s Exports to Ghana

The major share of Russian exports to Ghana in the 1st quarter of 2020 (and in the 1st quarter of 2019) was accounted for the following product types:

  • Chemical products (HS codes 28-40) - 57.59% of Russia’s total exports to Ghana (34.71% in the 1st quarter of 2019);
  • Wood and wood products (HS codes 44-49) - 20.34% of Russia’s total exports to Ghana (8.03% in the 1st quarter of 2019);
  • Food products and agricultural raw materials (HS codes 01-24) - 19.01% of Russia’s total exports to Ghana (50.04% in the 1st quarter of 2019);
  • Mineral products (HS codes 25-27) - 1.60% of Russia’s total exports to Ghana (1.40% in the 1st quarter of 2019);
  • Machinery, equipment and vehicles (HS codes 84-90) - 0.97% of Russia’s total exports to Ghana (5.53% in the 1st quarter of 2019).

The largest gains in Russia’s exports to Ghana in the 1st quarter of 2020 over the 1st quarter of 2019 were recorded for the following product groups:

  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - an increase of $1,700,292;
  • Fertilizers (HS code 31) - an increase of $956,675;
  • Sugars and sugar confectionery (HS code 17) - an increase of $166,331;
  • Meat and edible meat offal (HS code 02) - an increase of $99,391;
  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - an increase of $67,488.

The largest declines in Russia’s exports to Ghana in the 1st quarter of 2020 over the 1st quarter of 2019 were recorded for the following product groups:

  • Cereals (HS code 10) - a decrease of $12,607,021;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $1,521,501;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $116,499;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $75,588.
Russia’s exports to Ghana in the 1st quarter of 2020 by product groups
HS
code
Name of product group Value of exports
in Q1 2020,
US dollars ($)
Percent share in total export Value of exports
in Q1 2019,
US dollars ($)
Percent change
in Q1 2020
over Q1 2019
02 Meat and edible meat offal 330,224 1.56 230,83343.06
10 Cereals 3,472,973 16.36 16,079,994-78.40
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 67,488 0.32 0
17 Sugars and sugar confectionery 166,331 0.78 0
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 340,731 1.60 457,230-25.48
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 318,380 1.50 352,716-9.73
29 Organic chemicals 121,195 0.57 109,12811.06
31 Fertilizers 11,742,089 55.30 10,785,4148.87
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 5,918 0.03 0
38 Miscellaneous chemical products 19,968 0.09 0
39 Plastics and articles thereof 10,290 0.05 21,630-52.43
40 Rubber and articles thereof 11,397 0.05 46,005-75.23
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 4,318,931 20.34 2,618,63964.93
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 0 0.00 38-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 1,255 0.01 2,163-41.98
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 0 0.00 69-100.00
70 Glass and glassware 0 0.00 201-100.00
73 Articles of iron or steel 60,054 0.28 22,284169.49
74 Copper and articles thereof 0 0.00 2-100.00
76 Aluminum and articles thereof 0 0.00 354-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 0 0.00 14,704-100.00
83 Miscellaneous articles of base metal 0 0.00 411-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 115,354 0.54 190,942-39.59
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 2,132 0.01 3,436-37.95
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 84,946 0.40 1,606,447-94.71
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 3,448 0.02 1,146200.87
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 40,786 0.19 53,924-24.36

Russia’s Imports from Ghana

The major share of Russian imports from Ghana in the 1st quarter of 2020 (and in the 1st quarter of 2019) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 96.15% of Russia’s total imports from Ghana (98.87% in the 1st quarter of 2019);
  • Metals and products from them (HS codes 72-83) - 3.00% of Russia’s total imports from Ghana (0.00% in the 1st quarter of 2019);
  • Wood and wood products (HS codes 44-49) - 0.81% of Russia’s total imports from Ghana (1.12% in the 1st quarter of 2019).

The largest gains in Russia’s imports from Ghana in the 1st quarter of 2020 over the 1st quarter of 2019 were recorded for the following product groups:

  • Copper and articles thereof (HS code 74) - an increase of $412,396.

The largest declines in Russia’s imports from Ghana in the 1st quarter of 2020 over the 1st quarter of 2019 were recorded for the following product groups:

  • Cocoa and cocoa preparations (HS code 18) - a decrease of $8,552,245;
  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $135,340.
Russia’s imports from Ghana in the 1st quarter of 2020 by product groups
HS
code
Name of product group Value of imports in Q1 2020,
US dollars ($)
Percent share in total import Value of imports in Q1 2019,
US dollars ($)
Percent change
in Q1 2020
over Q1 2019
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 3,415 0.02 1,627109.90
08 Edible fruit and nuts; peel of citrus fruit or melons 51,426 0.37 91,479-43.78
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 44,067 0.32 9,876346.20
18 Cocoa and cocoa preparations 13,127,805 95.43 21,680,050-39.45
20 Preparations of vegetables, fruit, nuts or other parts of plants 118 0.00 0
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 0 0.00 600-100.00
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 146 0.00 0
44 Wood and articles of wood; wood charcoal 111,247 0.81 246,587-54.89
52 Cotton 6,246 0.05 0
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 0 0.00 739-100.00
74 Copper and articles thereof 412,396 3.00 0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 101 0.00 0
Russian foreign trade statistics
Source: Federal Customs Service of Russia