Flag Armenia / Ghana Flag

2021
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Exports
: $17.6k, Rnk 100 / 129

2021
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Top Product
: $17.6k, Other Processed Fruits and Nuts

2021
FlagFlag
Exports
: $432k, Rnk 82 / 129

2021
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Top Product
: $411k, Cocoa Beans

2021
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Economic Complexity (ECI)
: ECI -0.19, Rnk 71 / 131

2021
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Economic Complexity (ECI)
: ECI -1.27, Rnk 118 / 131

2021
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GDP
: $13.9B, CURRENT US$
Rnk 129 / 182

2011-2021
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GDP GROWTH
: 36.7%, CURRENT US$
Rnk 75 / 182

2021
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 GDP
: $77.6B, CURRENT US$
Rnk 67 / 182

2011-2021
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GDP GROWTH
: 97.3%, CURRENT US$
Rnk 16 / 182

2021
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GDP PC 
: $4,670, CURRENT US$
Rnk 105 / 182

2011-2021
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GDP PC GROWTH
: 32.5%, CURRENT US$
Rnk 53 / 182

2021
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GDP PC
: $2,445, CURRENT US$
Rnk 135 / 182

2011-2021
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GDP PC GROWTH
: 57.8%, CURRENT US$
Rnk 19 / 182

Armenia-Ghana In 2021, Armenia exported $17.6k to Ghana. The main products that Armenia exported to Ghana are Other Processed Fruits and Nuts ($17.6k). During the last 18 years the exports of Armenia to Ghana have decreased at an annualized rate of 2.62%, from $28.4k in 2003 to $17.6k in 2021.

In 2021, Armenia did not export any services to Ghana.

Ghana-Armenia In 2021, Ghana exported $432k to Armenia. The main products that Ghana exported to Armenia were Cocoa Beans ($411k), Cocoa Powder ($11.9k), and Cocoa Butter ($3.05k). During the last 18 years the exports of Ghana to Armenia have increased at an annualized rate of 16.3%, from $28.5k in 2003 to $432k in 2021.

In 2021, Ghana did not export any services to Armenia.

Comparison In 2021,  Armenia ranked 71 in the Economic Complexity Index (ECI -0.19), and 133 in total exports ($3.36B). That same year, Ghana ranked 118 in the Economic Complexity Index (ECI -1.27), and 84 in total exports ($14.1B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Armenia exported $17.6k to Ghana. The main products exported from Armenia to Ghana were Other Processed Fruits and Nuts ($17.6k). During the last 18 years the exports of Armenia to Ghana have decreased at an annualized rate of 2.62%, from $28.4k in 2003 to $17.6k in 2021.

In 2021, Ghana exported $432k to Armenia. The main products exported from Ghana to Armenia were Cocoa Beans ($411k), Cocoa Powder ($11.9k), and Cocoa Butter ($3.05k). During the last 24 years the exports of Ghana to Armenia have increased at an annualized rate of 16.3%, from $28.5k in 1997 to $432k in 2021.

Armenia Exports

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Date

Market Competitiveness

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Color

Armenia
Top Destination
: Russia, $789M

Ghana
Top Destination
: Switzerland, $2.44B

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

In 2021, countries that imported more from Armenia than Ghana were Russia ($789M), Bulgaria ($199M), and Iraq ($177M).

In 2021, countries that imported more from Ghana than Armenia were Switzerland ($2.44B), United Arab Emirates ($1.73B), and United States ($1.56B).

Comparative Advantage Armenia - Ghana

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Flow
Scale

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

During 2021, Armenia had a large net trade with Ghana in the exports of Foodstuffs ($17.6k).

During 2021, Ghana had a large net trade with Armenia in the exports of Foodstuffs ($426k), Chemical Products ($2.97k), and Animal and Vegetable Bi-Products ($2.33k).

Economic Complexity

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Competitive Landscape

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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 Armenia has comparative advantage over Ghana. Similarly, the more yellow a dot/product is, the more Ghana has comparative advantage over Armenia.