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2022
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Exports $679MRnk 54 / 222
2022
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Top Product $447MRefined Petroleum
2022
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Exports $106MRnk 19 / 133
2022
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Top Product $49.1MCocoa Beans
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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Economic Complexity (ECI) ECI -1.35Rnk 115 / 124
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
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GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$2,176CURRENT US$
Rnk 147 / 186
2012-2022
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GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186

About

Belgium-Ghana In 2022, Belgium exported $679M to Ghana. The main products that Belgium exported to Ghana are 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.

Ghana-Belgium In 2022, Ghana exported $106M to Belgium. The main products that Ghana exported 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, Ghana did not export any services to Belgium.

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

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €15.7M and imported €13.1M from Ghana, resulting in a positive trade balance of €2.64M. Between December 2022 and December 2023 the exports of Belgium have decreased by €-47.5M (-75.1%) from €63.2M to €15.7M, while imports increased by €513k (4.08%) from €12.6M to €13.1M.

Trade In December 2023, the top exports of Belgium to Ghana were Mineral fuels, mineral oils and products... (€29.5M), Pharmaceutical products (€12.1M), Copper articles (€1.77M), Cars, tractors, trucks & parts thereof. (€1.23M), and Machinery, mechanical appliances, & parts (€1.15M). In December 2023 the top imports of Belgium from Ghana were Cocoa & cocoa preparations (€4.33M), Animal or vegetable fats, oils, &... (€2.07M), Wood, wood articles, & charcoal (€675k), Machinery, mechanical appliances, & parts (€393k), and Cars, tractors, trucks & parts thereof. (€202k).

Growth In December 2023, the decrease in Belgium's year-by-year exports to Ghana was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts (€-4.41M or -79.2%), Cars, tractors, trucks & parts thereof. (€-2.9M or -70.2%), and Food residues & wastes; animal fodder (€-706k or -92.9%). In December 2023, the increase in Belgium's year-by-year imports  from Ghana was explained primarily by an increase in product imports  in Cocoa & cocoa preparations (€500k or 13.1%), Machinery, mechanical appliances, & parts (€386k or 5.82k%), and Wood, wood articles, & charcoal (€340k or 101%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-47.5M(-75.1%)
IMPORT GROWTH (December 2022 - December 2023)€513k(4.08%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Ghana and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

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.

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.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Ghana
Top DestinationUnited Arab Emirates$4.72B

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 ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

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

Comparative Advantage Belgium - Ghana

Flow
Scale

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

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

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).

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

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

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