Ghana Iron Ore Industry Outlook 2018

See how Ghana Iron Ore performed compared to key markets such as China, Japan and South Korea.

Key Market Indicators

The country was number 93 in 2018, with Nigeria ahead with $6,210. Japan, South Korea and Germany came in at numbers 2, 3 and 4 in the rankings, respectively. In 2018, Ghanaian imports of iron ore totaled $6.2 million, a dramatic 99.5% decrease from the $127.2 million imported the previous year. This 11.6% increase since 2001 was overshadowed by Nigeria's $62.1 million. Japan, South Korea and Germany took the top three spots with respective imports at $6.3 billion, $4.6 billion and $3.2 billion. Since 2010, Ghanaian imports of iron ore have seen a steady 89.6% increase from year to year. In 2018, the country ranked 93rd, with Nigeria at the top with $62.1 million. Japan, South Korea and Germany followed in second, third and fourth places, respectively, importing $63 billion, $46 billion and $32 billion.

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