US exports to Ghana during the four-month period of the year totaled $456,605,000 while its imports from Ghana were almost $100 million ($99,791,000).
The volume of trade balance between the two countries was $356,814,000 during the January-April period, according to the ITC.
For the corresponding period (January-April) in 2011, the two countries’ bilateral trade hit $648,351,000 as US’ exports to Ghana was $385,027,000 and imports $263,324,000 recording a trade balance of $121,703,000.
The total value of trade between the US and Ghana recorded a significant growth of 56% over the 2010 figures to $1.9 billion in 2011, according to a White House factsheet obtained by ghanabusinessnews.com March 9, 2012.
The factsheet indicated that US exports to Ghana were valued at $1.2 billion in 2011, up from $963 million in 2010 while imports totalled $778 million.
The five largest US import categories with Ghana in 2011 were – mineral fuel (oil) ($441 million), cocoa ($269 million), rubber ($19 million), wood ($18 million), and vegetables (yams) ($7 million), according to the ITC.
The ITC says Ghana is currently its 86th largest goods trading partner with $2 billion in total (two way) goods trade during 2011.
Ghana was the US’ 77th largest goods export market in 2011, it added.
Source Ghana Business News