Flag Belgium / Ghana Flag

2021
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Exports
: $382M, Rnk 65 / 221

2021
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Top Product
: $82.3M, Refined Petroleum

2021
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Exports
: $114M, Rnk 21 / 129

2021
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Top Product
: $64.4M, Cocoa Beans

2021
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Economic Complexity (ECI)
: ECI 1.28, Rnk 18 / 131

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

2021
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GDP
: $600B, CURRENT US$
Rnk 23 / 182

2011-2021
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GDP GROWTH
: 14.6%, CURRENT US$
Rnk 118 / 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 
: $51,768, CURRENT US$
Rnk 17 / 182

2011-2021
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GDP PC GROWTH
: 9.19%, CURRENT US$
Rnk 106 / 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

Belgium-Ghana In 2021, Belgium exported $382M to Ghana. The main products that Belgium exported to Ghana are Refined Petroleum ($82.3M), Vaccines, blood, antisera, toxins and cultures ($70.8M), and Delivery Trucks ($27.7M). During the last 22 years the exports of Belgium to Ghana have increased at an annualized rate of 4.02%, from $161M in 1999 to $382M in 2021.

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

Ghana-Belgium In 2021, Ghana exported $114M to Belgium. The main products that Ghana exported to Belgium were Cocoa Beans ($64.4M), Other Pure Vegetable Oils ($18.6M), and Refined Petroleum ($15M). During the last 22 years the exports of Ghana to Belgium have increased at an annualized rate of 1.24%, from $87.1M in 1999 to $114M in 2021.

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

Comparison In 2021,  Belgium ranked 18 in the Economic Complexity Index (ECI 1.28), and 15 in total exports ($403B). 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, Belgium exported $382M to Ghana. The main products exported from Belgium to Ghana were Refined Petroleum ($82.3M), Vaccines, blood, antisera, toxins and cultures ($70.8M), and Delivery Trucks ($27.7M). During the last 22 years the exports of Belgium to Ghana have increased at an annualized rate of 4.02%, from $161M in 1999 to $382M in 2021.

In 2021, Ghana exported $114M to Belgium. The main products exported from Ghana to Belgium were Cocoa Beans ($64.4M), Other Pure Vegetable Oils ($18.6M), and Refined Petroleum ($15M). During the last 22 years the exports of Ghana to Belgium have increased at an annualized rate of 1.24%, from $87.1M in 1999 to $114M in 2021.

Market Competitiveness

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Color

Belgium
Top Destination
: Germany, $62.7B

Ghana
Top Destination
: Switzerland, $2.44B

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

In 2021, countries that imported more from Belgium than Ghana were Germany ($62.7B), France ($59.9B), and Netherlands ($50.4B).

In 2021, countries that imported more from Ghana than Belgium were Burkina Faso ($264M).

Comparative Advantage Belgium - Ghana

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Flow
Scale

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

During 2021, Belgium had a large net trade with Ghana in the exports of Chemical Products ($104M), Mineral Products ($83.4M), and Transportation ($51.2M).

During 2021, Ghana had a large net trade with Belgium in the exports of Foodstuffs ($67.8M), Animal and Vegetable Bi-Products ($18.6M), and Mineral Products ($15M).

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