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2022
Flag → Flag
Exports $69.4MRnk 22 / 133
2022
Flag → Flag
Top Product $60.6MCocoa Beans
2022
Flag → Flag
Exports $52.5MRnk 101 / 215
2022
Flag → Flag
Top Product $11.8MMalt Extract
2022
Flag
Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 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$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Ghana-Singapore Trade: In 2022, Ghana exported $69.4M to Singapore. The main products that Ghana exported to Singapore were Cocoa Beans ($60.6M), Cocoa Paste ($6.71M), and Paintings ($898k). Over the past 5 years the exports of Ghana to Singapore have decreased at an annualized rate of 9.21%, from $112M in 2017 to $69.4M in 2022.

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

Singapore-Ghana Trade: In 2022, Singapore exported $52.5M to Ghana. The main products that Singapore exported to Ghana were Malt Extract ($11.8M), Refined Petroleum ($5.89M), and Large Construction Vehicles ($3.99M). Over the past 5 years the exports of Singapore to Ghana have decreased at an annualized rate of 10.5%,  from $91.7M in 2017 to $52.5M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ghana exported $69.4M to Singapore. The main products exported from Ghana to Singapore were Cocoa Beans ($60.6M), Cocoa Paste ($6.71M), and Paintings ($898k). During the last 5 years the exports of Ghana to Singapore have decreased at an annualized rate of 9.21%, from $112M in 2017 to $69.4M in 2022.

In 2017, Singapore exported $52.5M to Ghana. The main products exported from Singapore to Ghana were Malt Extract ($11.8M), Refined Petroleum ($5.89M), and Large Construction Vehicles ($3.99M). During the last 5 years the exports of Singapore to Ghana have decreased at an annualized rate of 10.5%, from $91.7M in 2022 to $52.5M in 2017.

Exports from Ghana (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to Ghana (Flag) (2022)

Latest Data

Trade between Ghana (Flag) and Singapore (Flag)

Ghana Exports

Singapore Exports

Market Competitiveness

Color
Ghana
Top DestinationUnited Arab Emirates$4.72B
Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Ghana than Singapore included Burkina Faso ($285M), United Arab Emirates ($4.72B), and Cote d'Ivoire ($163M).

In 2022, countries that imported more from Singapore than Ghana included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore (Flag) and Ghana (Flag) (2022)

Comparative Advantage Ghana - Singapore

Flow
Scale

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

During 2022, Ghana had a large net trade with Singapore in the exports of Foodstuffs ($67.4M), Arts and Antiques ($899k), and Plastics and Rubbers ($785k).

During 2017, Singapore had a large net trade with Ghana in the exports of Machines ($15.5M), Foodstuffs ($12.9M), and Mineral Products ($5.89M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ghana Singapore+$3.3MCocoa Paste
Top Product Potential Singapore Ghana+$13.2MRefined 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

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

Product Space of Ghana (Flag) and Singapore (Flag) (2022)

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