Finland (FIN) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Finland-Ghana Trade: In 2022, Finland exported $76.5M to Ghana. The main products that Finland exported to Ghana were Other Construction Vehicles ($40.2M), Large Construction Vehicles ($15.3M), and Delivery Trucks ($11.2M). Over the past 5 years the exports of Finland to Ghana have increased at an annualized rate of 3.98%, from $62.9M in 2017 to $76.5M in 2022.

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

Ghana-Finland Trade: In 2022, Ghana exported $1.15M to Finland. The main products that Ghana exported to Finland were Shaped Wood ($472k), Other Processed Fruits and Nuts ($139k), and Melons ($102k). Over the past 5 years the exports of Ghana to Finland have increased at an annualized rate of 14.2%, from $595k in 2017 to $1.15M in 2022.

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

Comparison: In 2022, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). 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, Finland exported $76.5M to Ghana. The main products exported from Finland to Ghana were Other Construction Vehicles ($40.2M), Large Construction Vehicles ($15.3M), and Delivery Trucks ($11.2M). During the last 5 years the exports of Finland to Ghana have increased at an annualized rate of 3.98%, from $62.9M in 2017 to $76.5M in 2022.

In 2017, Ghana exported $1.15M to Finland. The main products exported from Ghana to Finland were Shaped Wood ($472k), Other Processed Fruits and Nuts ($139k), and Melons ($102k). During the last 5 years the exports of Ghana to Finland have increased at an annualized rate of 14.2%, from $595k in 2022 to $1.15M in 2017.

Exports from Finland () to Ghana () (2022)

Exports from Ghana () to Finland () (2022)

Latest Data

Trade between Finland () and Ghana ()

Finland Exports

Date

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationGermany$9.99B

Ghana
Top DestinationUnited Arab Emirates$4.72B

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

In 2022, countries that imported more from Finland than Ghana included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

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

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

Comparative Advantage Finland - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Finland had a large net trade with Ghana in the exports of Machines ($60.1M), Transportation ($11.8M), and Paper Goods ($2.77M).

During 2017, Ghana had a large net trade with Finland in the exports of Wood Products ($498k), Foodstuffs ($276k), and Vegetable Products ($251k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Ghana+$1.39MExcavation Machinery

Top Product Potential Ghana Finland+$200kProcessed 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 Finland and Ghana. This means that a dot/product with the flag of Finland indicates it has a comparative advantage over Ghana. Similarly, a dot/product with the flag of Ghana indicates it has a comparative advantage over Finland.

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Ghana () (2022)

Exports from Ghana () to Finland () (2022)

Latest Data

Trade between Finland () and Ghana ()

Finland Exports

Ghana Exports

Market Competitiveness

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

Comparative Advantage Finland - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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