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2022
Flag → Flag
Exports $1.01BRnk 63 / 217
2022
Flag → Flag
Top Product $126MPackaged Medicaments
2022
Flag → Flag
Exports $2.04BRnk 4 / 133
2022
Flag → Flag
Top Product $1.53BGold
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186

About

India-Ghana Trade: In 2022, India exported $1.01B to Ghana. The main products that India exported to Ghana were Packaged Medicaments ($126M), Refined Petroleum ($58.7M), and Large Construction Vehicles ($55.2M). Over the past 5 years the exports of India to Ghana have increased at an annualized rate of 8.13%, from $681M in 2017 to $1.01B in 2022.

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

Ghana-India Trade: In 2022, Ghana exported $2.04B to India. The main products that Ghana exported to India were Gold ($1.53B), Coconuts, Brazil Nuts, and Cashews ($294M), and Rough Wood ($78.6M). Over the past 5 years the exports of Ghana to India have decreased at an annualized rate of 15.3%,  from $4.68B in 2017 to $2.04B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $114M and imported $158M from Ghana, resulting in a negative trade balance of $44.7M. Between August 2023 and August 2024 the exports of India have increased by $25.5M (29%) from $88M to $114M, while imports decreased by $-27.4M (-14.8%) from $186M to $158M.

Trade In August 2024, the top exports of India to Ghana were Sugar ($10.3M), Drug Formulations, Biologicals ($9.51M), Products Of Iron And Steel ($5.33M), Other Jute Manufactures ($5.26M), and Indl. Machnry For Dairy Etc ($4.9M). In August 2024 the top imports of India from Ghana were Other Wood And Wood Products ($4.06M), Aluminium, Products Of Aluminm ($1.63M), Natural Rubber ($1.06M), Iron And Steel ($1.01M), and Other Oil Seeds ($953k).

Growth In August 2024, the increase in India's year-by-year exports to Ghana was explained primarily by an increase in product exports in Sugar ($5.38M or 110%), Products Of Iron And Steel ($2.68M or 101%), and Atm, Injctng Mlding Mchnry Etc ($1.23M or 92.8%). In August 2024, the decrease in India's year-by-year imports  from Ghana was explained primarily by an decrease in product imports  in Natural Rubber ($-2.82M or -72.7%), Other Oil Seeds ($-2.13M or -69.1%), and Other Wood And Wood Products ($-1.28M or -24%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$25.5M(29%)
IMPORT GROWTH (August 2023 - August 2024)$-27.4M(-14.8%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Ghana and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ghana and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $1.01B to Ghana. The main products exported from India to Ghana were Packaged Medicaments ($126M), Refined Petroleum ($58.7M), and Large Construction Vehicles ($55.2M). During the last 5 years the exports of India to Ghana have increased at an annualized rate of 8.13%, from $681M in 2017 to $1.01B in 2022.

In 2017, Ghana exported $2.04B to India. The main products exported from Ghana to India were Gold ($1.53B), Coconuts, Brazil Nuts, and Cashews ($294M), and Rough Wood ($78.6M). During the last 5 years the exports of Ghana to India have decreased at an annualized rate of 15.3%, from $4.68B in 2022 to $2.04B in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Ghana
Top DestinationUnited Arab Emirates$4.72B

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

In 2022, countries that imported more from India than Ghana included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Ghana than India included Switzerland ($3.37B) and Burkina Faso ($285M).

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

Comparative Advantage India - Ghana

Flow
Scale

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

During 2022, India had a large net trade with Ghana in the exports of Chemical Products ($231M), Machines ($193M), and Metals ($90.7M).

During 2017, Ghana had a large net trade with India in the exports of Precious Metals ($1.54B), Vegetable Products ($320M), and Wood Products ($85.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Ghana+$88.4MRefined Petroleum
Top Product Potential Ghana India+$495MGold

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

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

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