Ghana (GHA) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Ghana-Austria Trade: In 2022, Ghana exported $1.15M to Austria. The main products that Ghana exported to Austria were Processed Fish ($541k), Paintings ($342k), and Scrap Plastic ($92.6k). Over the past 5 years the exports of Ghana to Austria have decreased at an annualized rate of 23.6%, from $4.41M in 2017 to $1.15M in 2022.

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

Austria-Ghana Trade: In 2022, Austria exported $26.5M to Ghana. The main products that Austria exported to Ghana were Stone Processing Machines ($4.15M), Instructional Models ($3.51M), and Motor vehicles; parts and accessories (8701 to 8705) ($2.21M). Over the past 5 years the exports of Austria to Ghana have increased at an annualized rate of 3.1%, from $22.8M in 2017 to $26.5M in 2022.

In 2022, Austria 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $1.15M to Austria. The main products exported from Ghana to Austria were Processed Fish ($541k), Paintings ($342k), and Scrap Plastic ($92.6k). During the last 5 years the exports of Ghana to Austria have decreased at an annualized rate of 23.6%, from $4.41M in 2017 to $1.15M in 2022.

In 2017, Austria exported $26.5M to Ghana. The main products exported from Austria to Ghana were Stone Processing Machines ($4.15M), Instructional Models ($3.51M), and Motor vehicles; parts and accessories (8701 to 8705) ($2.21M). During the last 5 years the exports of Austria to Ghana have increased at an annualized rate of 3.1%, from $22.8M in 2022 to $26.5M in 2017.

Exports from Ghana () to Austria () (2022)

Exports from Austria () to Ghana () (2022)

Latest Data

Trade between Ghana () and Austria ()

Ghana Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Ghana than Austria included United Arab Emirates ($4.72B), India ($2.04B), and Burkina Faso ($285M).

In 2022, countries that imported more from Austria than Ghana included Germany ($57.7B), Italy ($13.6B), and United States ($14.4B).

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

Comparative Advantage Ghana - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with Austria in the exports of Foodstuffs ($560k), Arts and Antiques ($342k), and Plastics and Rubbers ($110k).

During 2017, Austria had a large net trade with Ghana in the exports of Machines ($11.7M), Instruments ($4.25M), and Transportation ($2.43M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Austria+$635kProcessed Fish

Top Product Potential Austria Ghana+$2.64MMotor vehicles; parts and accessories (8701 to 8705)

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Austria () (2022)

Exports from Austria () to Ghana () (2022)

Latest Data

Trade between Ghana () and Austria ()

Ghana Exports

Austria Exports

Market Competitiveness

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

Comparative Advantage Ghana - Austria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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