Denmark (DNK) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Denmark-Ghana Trade: In 2022, Denmark exported $30.9M to Ghana. The main products that Denmark exported to Ghana were Beer ($5.82M), Chlorides ($4.82M), and Computers ($1.32M). Over the past 5 years the exports of Denmark to Ghana have decreased at an annualized rate of 33.3%, from $233M in 2017 to $30.9M in 2022.

In 2022, Denmark did not export any services to Ghana.

Ghana-Denmark Trade: In 2022, Ghana exported $2.27M to Denmark. The main products that Ghana exported to Denmark were Processed Fish ($709k), Veneer Sheets ($645k), and Shaped Wood ($267k). Over the past 5 years the exports of Ghana to Denmark have decreased at an annualized rate of 29.1%, from $12.7M in 2017 to $2.27M in 2022.

In 2022, Ghana did not export any services to Denmark.

Comparison: In 2022, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Denmark exported $30.9M to Ghana. The main products exported from Denmark to Ghana were Beer ($5.82M), Chlorides ($4.82M), and Computers ($1.32M). During the last 5 years the exports of Denmark to Ghana have decreased at an annualized rate of 33.3%, from $233M in 2017 to $30.9M in 2022.

In 2017, Ghana exported $2.27M to Denmark. The main products exported from Ghana to Denmark were Processed Fish ($709k), Veneer Sheets ($645k), and Shaped Wood ($267k). During the last 5 years the exports of Ghana to Denmark have decreased at an annualized rate of 29.1%, from $12.7M in 2022 to $2.27M in 2017.

Exports from Denmark () to Ghana () (2022)

Exports from Ghana () to Denmark () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$18.9B

Ghana
Top DestinationUnited Arab Emirates$4.72B

This map shows whether countries import more from Denmark or Ghana. Each country is colored based on the difference in imports they receive from Denmark and Ghana or the difference in the growth in imports.

In 2022, countries that imported more from Denmark than Ghana included Germany ($18.9B), Sweden ($11.6B), and United States ($13.1B).

In 2022, countries that imported more from Ghana than Denmark included United Arab Emirates ($4.72B), Switzerland ($3.37B), and India ($2.04B).

Difference in imports from Ghana () and Denmark () (2022)

Comparative Advantage Denmark - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Denmark and Ghana by product, considering products traded by both, Denmark and Ghana.

During 2022, Denmark had a large net trade with Ghana in the exports of Machines ($10.4M), Foodstuffs ($7.4M), and Chemical Products ($6.32M).

During 2017, Ghana had a large net trade with Denmark in the exports of Wood Products ($1.19M), Foodstuffs ($839k), and Machines ($65.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark Ghana+$1.02MExcavation Machinery

Top Product Potential Ghana Denmark+$649kProcessed Fish

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Denmark and Ghana. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over Ghana. Similarly, a dot/product with the flag of Ghana indicates it has a comparative advantage over Denmark.

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to Ghana () (2022)

Exports from Ghana () to Denmark () (2022)

Market Competitiveness

Difference in imports from Ghana () and Denmark () (2022)

Comparative Advantage Denmark - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Denmark () and Ghana () (2022)

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