2022
Flag  
GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH
76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC 
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC
$2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH
41.6%CURRENT US$
Rnk 46 / 186

About

Portugal-Ghana Trade: In 2022, Portugal exported $37.5M to Ghana. The main products that Portugal exported to Ghana were Delivery Trucks ($4.9M), Uncoated Paper ($4.05M), and Iron Structures ($3.08M). Over the past 5 years the exports of Portugal to Ghana have decreased at an annualized rate of 16.9%, from $94.6M in 2017 to $37.5M in 2022.

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

Ghana-Portugal Trade: In 2022, Ghana exported $9.4M to Portugal. The main products that Ghana exported to Portugal were Fish Fillets ($4.28M), Cocoa Paste ($2.93M), and Non-fillet Frozen Fish ($766k). Over the past 5 years the exports of Ghana to Portugal have decreased at an annualized rate of 32.2%,  from $65.4M in 2017 to $9.4M in 2022.

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

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). 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
Value

In 2022, Portugal exported $37.5M to Ghana. The main products exported from Portugal to Ghana were Delivery Trucks ($4.9M), Uncoated Paper ($4.05M), and Iron Structures ($3.08M). During the last 5 years the exports of Portugal to Ghana have decreased at an annualized rate of 16.9%, from $94.6M in 2017 to $37.5M in 2022.

In 2017, Ghana exported $9.4M to Portugal. The main products exported from Ghana to Portugal were Fish Fillets ($4.28M), Cocoa Paste ($2.93M), and Non-fillet Frozen Fish ($766k). During the last 5 years the exports of Ghana to Portugal have decreased at an annualized rate of 32.2%, from $65.4M in 2022 to $9.4M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top Destination
Spain$20.5B
Ghana
Top Destination
United Arab Emirates$4.72B

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

In 2022, countries that imported more from Portugal than Ghana included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Ghana than Portugal included United Arab Emirates ($4.72B), Switzerland ($3.37B), and India ($2.04B).

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

Comparative Advantage Portugal - Ghana

Flow
Scale

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

During 2022, Portugal had a large net trade with Ghana in the exports of Paper Goods ($6.12M), Transportation ($6.03M), and Metals ($5.85M).

During 2017, Ghana had a large net trade with Portugal in the exports of Animal Products ($5.07M), Foodstuffs ($3.41M), and Plastics and Rubbers ($467k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Ghana+$2.47MDelivery Trucks
Top Product Potential Ghana Portugal+$751kProcessed Fish

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

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

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