Ghana (GHA) and Belarus (BLR) Trade | The Observatory of Economic Complexity

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Ghana-Belarus Trade: In 2021, Ghana exported $6.99M to Belarus. The main products that Ghana exported to Belarus were N/A. Over the past 5 years the exports of Ghana to Belarus have decreased at an annualized rate of 22.4%, from $24.8M in 2016 to $6.99M in 2021.

In 2021, Ghana did not export any services to Belarus.

Belarus-Ghana Trade: In 2021, Belarus exported $1.71M to Ghana. The main products that Belarus exported to Ghana were N/A. Over the past 5 years the exports of Belarus to Ghana have decreased at an annualized rate of 6.73%, from $2.42M in 2016 to $1.71M in 2021.

In 2014, Belarus exported services to Ghana worth $4.14k, with Government services, n.i.e. ($4.1k) and Insurance services ($37) being the largest in terms of value.

Comparison: In 2022, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B). That same year, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Ghana exported $6.99M to Belarus. There were not main exports from Ghana to Belarus in 2021. During the last 5 years the exports of Ghana to Belarus have decreased at an annualized rate of 22.4%, from $24.8M in 2016 to $6.99M in 2021.

In 2016, Belarus exported $1.71M to Ghana. There were not main exports from Belarus to Ghana in 2016. During the last 5 years the exports of Belarus to Ghana have decreased at an annualized rate of 6.73%, from $2.42M in 2021 to $1.71M in 2016.

Exports from Ghana () to Belarus () (2021)

Exports from Belarus () to Ghana () (2021)

Latest Data

Trade between Ghana () and Belarus ()

Belarus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Belarus
Top DestinationChina$1.6B

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

In 2022, countries that imported more from Ghana than Belarus included United Arab Emirates ($4.72B), Switzerland ($3.37B), and United States ($2.83B).

In 2022, countries that imported more from Belarus than Ghana included Ukraine ($1.29B), Poland ($933M), and Kazakhstan ($827M).

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

Comparative Advantage Ghana - Belarus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Ghana had a large net trade with Belarus in the exports of .

During 2016, Belarus had a large net trade with Ghana in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Belarus+$3.64kCrude Petroleum

Top Product Potential Belarus Ghana+$2.64kRefined Petroleum

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 Ghana and Belarus. This means that a dot/product with the flag of Ghana indicates it has a comparative advantage over Belarus. Similarly, a dot/product with the flag of Belarus indicates it has a comparative advantage over Ghana.

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Belarus () (2021)

Exports from Belarus () to Ghana () (2021)

Latest Data

Trade between Ghana () and Belarus ()

Belarus Exports

Market Competitiveness

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

Comparative Advantage Ghana - Belarus

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ghana () and Belarus () (2021)

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