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2023
Flag → Flag
Exports $326MRnk 57 / 215
2023
Flag → Flag
Top Product $133MProcessed Cereals
2023
Flag → Flag
Exports $886MRnk 7 / 172
2023
Flag → Flag
Top Product $813MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.97Rnk 109 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$76.4BCURRENT US$
Rnk 82 / 195
2013-2023
Flag
GDP GROWTH21.6%CURRENT US$
Rnk 135 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$2,260CURRENT US$
Rnk 152 / 196
2013-2023
Flag
GDP PC GROWTH-1.47%CURRENT US$
Rnk 154 / 195

About

Canada-Ghana Trade: In 2023, Canada exported $326M to Ghana. The main products that Canada exported to Ghana were Processed Cereals ($133M), Wheat ($69.5M), and Cars ($59.7M). Over the past 5 years the exports of Canada to Ghana have increased at an annualized rate of 1.56%, from $301M in 2018 to $326M in 2023.

In 2023, Canada did not export any services to Ghana.

Ghana-Canada Trade: In 2023, Ghana exported $886M to Canada. The main products that Ghana exported to Canada were Crude Petroleum ($813M), Cocoa Beans ($37.9M), and Rubber ($7.03M). Over the past 5 years the exports of Ghana to Canada have increased at an annualized rate of 47.4%,  from $127M in 2018 to $886M in 2023.

In 2023, Ghana did not export any services to Canada.

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$42.1M and imported C$6.03M from Ghana, resulting in a positive trade balance of C$36.1M. Between November 2023 and November 2024 the exports of Canada have increased by C$30.6M (266%) from C$11.5M to C$42.1M, while imports increased by C$2.5M (70.8%) from C$3.53M to C$6.03M.

Trade In November 2024, the top exports of Canada to Ghana were Wheat (C$15.2M), Cars (C$2.01M), Alcohol > 80% ABV (C$987k), Commodities not elsewhere specified (C$716k), and Used Clothing (C$677k). In November 2024 the top imports of Canada from Ghana were Cocoa Beans (C$7.63M), Cocoa Paste (C$1.47M), Cassava (C$855k), Other Pure Vegetable Oils (C$698k), and Veneer Sheets (C$405k).

Origins In November 2024 the exports of Canada were mainly from Ontario (C$12.3M), Saskatchewan (C$10.1M), Alberta (C$8.3M), Manitoba (C$5.18M), and Quebec (C$4.55M), while imports destinations were mainly Ontario (C$3.5M), Quebec (C$1.37M), Nova Scotia (C$628k), British Columbia (C$267k), and Alberta (C$170k).

Growth In November 2024, the increase in Canada's year-by-year exports to Ghana was explained primarily by an increase in product exports in Commodities not elsewhere specified (C$318k or 79.8%), Aircraft parts for spacecraft, UAVs, and... (C$52.3k or 222%), and Valves (C$28k or 1.88k%). In November 2024, the increase in Canada's year-by-year imports  from Ghana was explained primarily by an increase in product imports  in Cocoa Beans (C$5.49M or 257%), Cocoa Paste (C$1.15M or 363%), and Cassava (C$579k or 209%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$30.6M(266%)
IMPORT GROWTH (November 2023 - November 2024)C$2.5M(70.8%)
MAIN EXPORTER (November 2024)OntarioC$12.3M

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

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

For full datasets download visit Bulk Download page.

Explore Ghana and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $326M to Ghana. The main products exported from Canada to Ghana were Processed Cereals ($133M), Wheat ($69.5M), and Cars ($59.7M). During the last 5 years the exports of Canada to Ghana have increased at an annualized rate of 1.56%, from $301M in 2018 to $326M in 2023.

In 2018, Ghana exported $886M to Canada. The main products exported from Ghana to Canada were Crude Petroleum ($813M), Cocoa Beans ($37.9M), and Rubber ($7.03M). During the last 5 years the exports of Ghana to Canada have increased at an annualized rate of 47.4%, from $127M in 2023 to $886M in 2018.

Exports from Canada (Flag) to Ghana (Flag) (2023)

Exports from Ghana (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Canada than Ghana included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Ghana than Canada included United Arab Emirates ($4.93B), South Africa ($1.85B), and Burkina Faso ($574M).

Difference in imports from Ghana (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - Ghana

Flow
Scale

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

During 2023, Canada had a large net trade with Ghana in the exports of Vegetable Products ($203M), Transportation ($67.2M), and Machines ($16.4M).

During 2018, Ghana had a large net trade with Canada in the exports of Mineral Products ($813M), Foodstuffs ($51.2M), and Plastics and Rubbers ($7.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Ghana+$17.8MCars
Top Product Potential Ghana Canada+$4.11MCocoa Beans

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Ghana. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Ghana. Similarly, a dot/product with the flag of Ghana indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Ghana (Flag) (2023)

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