Mongolia (MNG) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Mongolia-Ghana Trade: In 2018, Mongolia exported $31.6k to Ghana. The main products that Mongolia exported to Ghana were N/A. Over the past 9 years the exports of Mongolia to Ghana have increased at an annualized rate of 60.4%, from $450 in 2009 to $31.6k in 2018.

In 2018, Mongolia did not export any services to Ghana.

Ghana-Mongolia Trade: In 2018, Ghana exported $1.57k to Mongolia. The main products that Ghana exported to Mongolia were Tropical Fruits ($1.57k). Over the past 9 years the exports of Ghana to Mongolia have decreased at an annualized rate of 36.5%, from $15.2k in 2009 to $1.57k in 2018.

In 2018, Ghana did not export any services to Mongolia.

Comparison: In 2022, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B). That same year, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2018, Mongolia exported $31.6k to Ghana. There were not main exports from Mongolia to Ghana in 2018. During the last 9 years the exports of Mongolia to Ghana have increased at an annualized rate of 60.4%, from $450 in 2009 to $31.6k in 2018.

In 2017, Ghana exported $1.57k to Mongolia. The main products exported from Ghana to Mongolia were Tropical Fruits ($1.57k). During the last 5 years the exports of Ghana to Mongolia have decreased at an annualized rate of 36.5%, from $15.2k in 2022 to $1.57k in 2017.

Exports from Mongolia () to Ghana () (2022)

Exports from Ghana () to Mongolia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Ghana
Top DestinationUnited Arab Emirates$4.72B

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

In 2022, countries that imported more from Mongolia than Ghana included China ($10.6B), Singapore ($346M), and South Korea ($259M).

In 2022, countries that imported more from Ghana than Mongolia included United Arab Emirates ($4.72B), United States ($2.83B), and India ($2.04B).

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

Comparative Advantage Mongolia - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Mongolia had a large net trade with Ghana in the exports of .

During 2017, Ghana had a large net trade with Mongolia in the exports of Vegetable Products ($1.57k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Ghana+$2.59kCoal Briquettes

Top Product Potential Ghana Mongolia+$4.24kTropical Fruits

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

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Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Ghana () (2022)

Exports from Ghana () to Mongolia () (2022)

Market Competitiveness

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

Comparative Advantage Mongolia - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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