Ghana (GHA) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Ghana-Malaysia Trade: In 2022, Ghana exported $304M to Malaysia. The main products that Ghana exported to Malaysia were Cocoa Beans ($131M), Crude Petroleum ($93.5M), and Other Pure Vegetable Oils ($35.2M). Over the past 5 years the exports of Ghana to Malaysia have decreased at an annualized rate of 3.68%, from $367M in 2017 to $304M in 2022.

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

Malaysia-Ghana Trade: In 2022, Malaysia exported $350M to Ghana. The main products that Malaysia exported to Ghana were Refined Petroleum ($156M), Palm Oil ($74.8M), and Hot-Rolled Iron Bars ($34.6M). Over the past 5 years the exports of Malaysia to Ghana have increased at an annualized rate of 4.67%, from $279M in 2017 to $350M in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $304M to Malaysia. The main products exported from Ghana to Malaysia were Cocoa Beans ($131M), Crude Petroleum ($93.5M), and Other Pure Vegetable Oils ($35.2M). During the last 5 years the exports of Ghana to Malaysia have decreased at an annualized rate of 3.68%, from $367M in 2017 to $304M in 2022.

In 2017, Malaysia exported $350M to Ghana. The main products exported from Malaysia to Ghana were Refined Petroleum ($156M), Palm Oil ($74.8M), and Hot-Rolled Iron Bars ($34.6M). During the last 5 years the exports of Malaysia to Ghana have increased at an annualized rate of 4.67%, from $279M in 2022 to $350M in 2017.

Exports from Ghana () to Malaysia () (2022)

Exports from Malaysia () to Ghana () (2022)

Latest Data

Trade between Ghana () and Malaysia ()

Ghana Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Ghana than Malaysia included Switzerland ($3.37B), United Arab Emirates ($4.72B), and Burkina Faso ($285M).

In 2022, countries that imported more from Malaysia than Ghana included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

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

Comparative Advantage Ghana - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with Malaysia in the exports of Foodstuffs ($143M), Mineral Products ($93.5M), and Animal and Vegetable Bi-Products ($35.2M).

During 2017, Malaysia had a large net trade with Ghana in the exports of Mineral Products ($156M), Animal and Vegetable Bi-Products ($79.2M), and Metals ($47.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Malaysia+$69.2MCrude Petroleum

Top Product Potential Malaysia Ghana+$26.2MRefined 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 Malaysia. This means that a dot/product with the flag of Ghana indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Ghana.

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Historical Data

Bilateral Trade by Products

Exports from Ghana () to Malaysia () (2022)

Exports from Malaysia () to Ghana () (2022)

Latest Data

Trade between Ghana () and Malaysia ()

Ghana Exports

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Ghana - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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