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2022
Flag → Flag
Exports $691MRnk 6 / 133
2022
Flag → Flag
Top Product $529MCrude Petroleum
2022
Flag → Flag
Exports $550MRnk 62 / 224
2022
Flag → Flag
Top Product $67.5MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Ghana-United Kingdom Trade: In 2022, Ghana exported $691M to United Kingdom. The main products that Ghana exported to United Kingdom were Crude Petroleum ($529M), Processed Fish ($49.9M), and Tropical Fruits ($32.7M). Over the past 5 years the exports of Ghana to United Kingdom have increased at an annualized rate of 13.2%, from $371M in 2017 to $691M in 2022.

In 2022, Ghana did not export any services to United Kingdom.

United Kingdom-Ghana Trade: In 2022, United Kingdom exported $550M to Ghana. The main products that United Kingdom exported to Ghana were Refined Petroleum ($67.5M), Used Clothing ($64.7M), and Iron Structures ($47.1M). Over the past 5 years the exports of United Kingdom to Ghana have decreased at an annualized rate of 6.97%,  from $789M in 2017 to $550M in 2022.

In 2022, United Kingdom did not export any services to Ghana.

Comparison: In 2022,  Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B). That same year, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ghana exported $691M to United Kingdom. The main products exported from Ghana to United Kingdom were Crude Petroleum ($529M), Processed Fish ($49.9M), and Tropical Fruits ($32.7M). During the last 5 years the exports of Ghana to United Kingdom have increased at an annualized rate of 13.2%, from $371M in 2017 to $691M in 2022.

In 2017, United Kingdom exported $550M to Ghana. The main products exported from United Kingdom to Ghana were Refined Petroleum ($67.5M), Used Clothing ($64.7M), and Iron Structures ($47.1M). During the last 5 years the exports of United Kingdom to Ghana have decreased at an annualized rate of 6.97%, from $789M in 2022 to $550M in 2017.

Exports from Ghana (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Ghana (Flag) (2022)

Latest Data

Trade between Ghana (Flag) and United Kingdom (Flag)

Ghana Exports

United Kingdom Exports

Market Competitiveness

Color
Ghana
Top DestinationUnited Arab Emirates$4.72B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Ghana than United Kingdom included Burkina Faso ($285M) and Niger ($56.3M).

In 2022, countries that imported more from United Kingdom than Ghana included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Ghana (Flag) (2022)

Comparative Advantage Ghana - United Kingdom

Flow
Scale

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

During 2022, Ghana had a large net trade with United Kingdom in the exports of Mineral Products ($529M), Foodstuffs ($97.7M), and Vegetable Products ($53.6M).

During 2017, United Kingdom had a large net trade with Ghana in the exports of Machines ($107M), Chemical Products ($87.6M), and Metals ($70.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ghana United Kingdom+$178MCrude Petroleum
Top Product Potential United Kingdom Ghana+$30.6MRefined 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

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

Product Space of Ghana (Flag) and United Kingdom (Flag) (2022)

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