Ghana’s export earnings in 2025 were heavily concentrated among a handful of international markets, with the United Arab Emirates (UAE) emerging as the country’s single largest destination.

According to the Ghana Statistical Service’s latest trade newsletter, the UAE accounted for GH?104 billion, representing 25.9% of Ghana’s total exports between Q1 and Q4 2025.

India followed as the second-largest export destination with GH?64.3 billion (16.0%), while Switzerland recorded GH?56.8 billion (14.2%), reflecting strong demand for Ghana’s key commodities, particularly gold.

South Africa ranked fourth with GH?41.3 billion (10.3%), and China completed the top five with GH?19.6 billion (4.9%).

Collectively, these five markets accounted for 71.2% of Ghana’s total export earnings over the four quarters of 2025, highlighting the high concentration of the country’s export flows.

“The top five export destinations accounted for more than two-thirds of Ghana’s total exports,” the report noted, pointing to the limited diversification of export markets.

The dominance of the UAE and India reflects their critical role in Ghana’s gold trade, which continues to drive export revenues. Switzerland’s strong position further reinforces this trend, given its status as a global hub for gold refining and trading.

Regionally, South Africa remained Ghana’s most important African export market, while China’s presence in the top five signals continued trade ties beyond imports, where it remains Ghana’s leading source of goods.

The concentration of exports among a few countries mirrors Ghana’s broader trade structure, which is heavily reliant on primary commodities such as gold, cocoa and crude petroleum.