2022
Exports
$494kWorld Rnk 85 / 179
Flag Rnk 196 / 885
2022
PRODUCT COMPLEXITY IN Compasses
0.89Rnk 212 / 1025
2022
Imports
$466kWorld Rnk 136 / 211
Flag Rnk 739 / 1129
2022
ECONOMIC COMPLEXITY of Ghana
-1.32Rnk 122 / 133

About

Exports In 2022, Ghana exported $494k in Compasses, making it the 85th largest exporter of Compasses in the world. At the same year, Compasses was the 196th most exported product in Ghana. The main destination of Compasses exports from Ghana are: Netherlands ($267k), Belgium ($87.4k), Tanzania ($48.9k), Australia ($31.8k), and Spain ($28.9k).

The fastest growing export markets for Compasses of Ghana between 2021 and 2022 were Netherlands ($266k), Belgium ($87.4k), and Norway ($17.3k).

Imports In 2022, Ghana imported $466k in Compasses, becoming the 136th largest importer of Compasses in the world. At the same year, Compasses was the 739th most imported product in Ghana. Ghana imports Compasses primarily from: United Kingdom ($93.2k), Norway ($91.7k), South Africa ($86.8k), Spain ($46.3k), and Canada ($30.7k).

The fastest growing import markets in Compasses for Ghana between 2021 and 2022 were Canada ($17.3k), Australia ($14.2k), and Denmark ($9.16k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Compasses. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$494k
IMPORTS (2022)$466k
NET TRADE (2022)$27.2k

In 2022, Ghana exported $494k in Compasses. The main destinations of Ghana exports on Compasses were Netherlands ($267k), Belgium ($87.4k), Tanzania ($48.9k), Australia ($31.8k), and Spain ($28.9k).

In 2022, Ghana imported $466k in Compasses, mainly from United Kingdom ($93.2k), Norway ($91.7k), South Africa ($86.8k), Spain ($46.3k), and Canada ($30.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Ghana WERE (2021 - 2022):
Netherlands$266k (128k%)
Belgium$87.4k (1%)
Norway$17.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Ghana WERE (2021 - 2022):
Australia-$54.8k (-63.3%)
Spain-$26.7k (-48%)
Germany-$24.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ghana's main exporting competitors in Compasses were:
In 2022, Ghana's main importing competitors in Compasses were:

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $77.6k
TOP IMPORT POTENTIALUnited Kingdom+ $83.9k

Compasses’s highest export potential is Netherlands. With an export gap of $77.6k.   Compasses’s highest import potential is United Kingdom with an import gap of $83.9k.

See methodology.

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