2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH
76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC 
$2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH
41.6%CURRENT US$
Rnk 46 / 186
2022
Flag
GDP PC
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186

About

Ghana-Belgium In 2022, Ghana exported $106M to Belgium. The main products that Ghana exported to Belgium are Cocoa Beans ($49.1M), Other Pure Vegetable Oils ($27.4M), and Cocoa Paste ($5.98M). During the last 23 years the exports of Ghana to Belgium have increased at an annualized rate of 0.95%, from $85.7M in 1999 to $106M in 2022.

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

Belgium-Ghana In 2022, Belgium exported $679M to Ghana. The main products that Belgium exported to Ghana were Refined Petroleum ($447M), Delivery Trucks ($20.3M), and Vaccines, blood, antisera, toxins and cultures ($19M). During the last 23 years the exports of Belgium to Ghana have increased at an annualized rate of 6.57%, from $157M in 1999 to $679M in 2022.

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

Comparison In 2022,  Ghana ranked 115 in the Economic Complexity Index (ECI -1.35), and 79 in total exports ($20B). That same year, Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ghana exported $106M to Belgium. The main products exported from Ghana to Belgium were Cocoa Beans ($49.1M), Other Pure Vegetable Oils ($27.4M), and Cocoa Paste ($5.98M). During the last 23 years the exports of Ghana to Belgium have increased at an annualized rate of 0.95%, from $85.7M in 1999 to $106M in 2022.

In 2022, Belgium exported $679M to Ghana. The main products exported from Belgium to Ghana were Refined Petroleum ($447M), Delivery Trucks ($20.3M), and Vaccines, blood, antisera, toxins and cultures ($19M). During the last 23 years the exports of Belgium to Ghana have increased at an annualized rate of 6.57%, from $157M in 1999 to $679M in 2022.

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

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

Latest Data

Trade between Ghana (Flag) and Belgium (Flag)

Ghana Exports

Belgium Exports

Market Competitiveness

Color
Ghana
Top Destination
United Arab Emirates$4.72B
Belgium
Top Destination
Germany$91.9B

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

In 2021, countries that imported more from Ghana than Belgium were United Arab Emirates ($4.72B) and Burkina Faso ($285M).

In 2021, countries that imported more from Belgium than Ghana were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Ghana - Belgium

Flow
Scale

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

During 2022, Ghana had a large net trade with Belgium in the exports of Foodstuffs ($62.5M), Animal and Vegetable Bi-Products ($27.7M), and Wood Products ($4.84M).

During 2022, Belgium had a large net trade with Ghana in the exports of Mineral Products ($447M), Chemical Products ($72.1M), and Transportation ($40M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Ghana has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over Ghana.

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with