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2022
Flag → Flag
Exports $220MRnk 63 / 215
2022
Flag → Flag
Top Product $123MWheat
2022
Flag → Flag
Exports $66.7MRnk 23 / 133
2022
Flag → Flag
Top Product $39.5MCocoa Beans
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 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 $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186

About

Canada-Ghana Trade: In 2022, Canada exported $220M to Ghana. The main products that Canada exported to Ghana were Wheat ($123M), Cars ($40.7M), and Used Clothing ($10.6M). Over the past 5 years the exports of Canada to Ghana have increased at an annualized rate of 0.049%, from $220M in 2017 to $220M in 2022.

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

Ghana-Canada Trade: In 2022, Ghana exported $66.7M to Canada. The main products that Ghana exported to Canada were Cocoa Beans ($39.5M), Cocoa Paste ($5.66M), and Rubber ($4.3M). Over the past 5 years the exports of Ghana to Canada have decreased at an annualized rate of 1.43%,  from $79.3M in 2017 to $66.7M in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Latest Trends

June, 2024

About

Overview In June 2024, Canada exported C$33M and imported C$11.6M from Ghana, resulting in a positive trade balance of C$21.4M. Between June 2023 and June 2024 the exports of Canada have increased by C$5.96M (22.1%) from C$27M to C$33M, while imports increased by C$7.53M (187%) from C$4.03M to C$11.6M.

Trade In June 2024, the top exports of Canada to Ghana were Wheat (C$15.2M), Cars (C$2.01M), Alcohol > 80% ABV (C$987k), Commodities not elsewhere specified (C$716k), and Used Clothing (C$677k). In June 2024 the top imports of Canada from Ghana were Cocoa Beans (C$7.63M), Cocoa Paste (C$1.47M), Cassava (C$855k), Other Pure Vegetable Oils (C$698k), and Veneer Sheets (C$405k).

Origins In June 2024 the exports of Canada were mainly from Ontario (C$8.65M), Saskatchewan (C$8.45M), Alberta (C$7.27M), Manitoba (C$3.9M), and Quebec (C$3.48M), while imports destinations were mainly Quebec (C$7.96M), Ontario (C$3.26M), British Columbia (C$199k), Alberta (C$55.8k), and Nova Scotia (C$55.1k).

Growth In June 2024, the increase in Canada's year-by-year exports to Ghana was explained primarily by an increase in product exports in Commodities not elsewhere specified (C$318k or 79.8%), Aircraft parts including unmanned craft (C$52.3k or 222%), and Valves (C$28k or 1.88k%). In June 2024, the increase in Canada's year-by-year imports  from Ghana was explained primarily by an increase in product imports  in Cocoa Beans (C$5.49M or 257%), Cocoa Paste (C$1.15M or 363%), and Cassava (C$579k or 209%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)C$5.96M(22.1%)
IMPORT GROWTH (June 2023 - June 2024)C$7.53M(187%)
MAIN EXPORTER (June 2024)OntarioC$8.65M

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

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

For full datasets download visit Bulk Download page.

Explore Ghana and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $220M to Ghana. The main products exported from Canada to Ghana were Wheat ($123M), Cars ($40.7M), and Used Clothing ($10.6M). During the last 5 years the exports of Canada to Ghana have increased at an annualized rate of 0.049%, from $220M in 2017 to $220M in 2022.

In 2017, Ghana exported $66.7M to Canada. The main products exported from Ghana to Canada were Cocoa Beans ($39.5M), Cocoa Paste ($5.66M), and Rubber ($4.3M). During the last 5 years the exports of Ghana to Canada have decreased at an annualized rate of 1.43%, from $79.3M in 2022 to $66.7M in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Ghana
Top DestinationUnited Arab Emirates$4.72B

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

In 2022, countries that imported more from Canada than Ghana included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

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

Comparative Advantage Canada - Ghana

Flow
Scale

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

During 2022, Canada had a large net trade with Ghana in the exports of Vegetable Products ($123M), Transportation ($43.5M), and Machines ($18.8M).

During 2017, Ghana had a large net trade with Canada in the exports of Foodstuffs ($51.5M), Plastics and Rubbers ($4.31M), and Wood Products ($3.27M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Ghana+$17.8MCars
Top Product Potential Ghana Canada+$4.11MCocoa Beans

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

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

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