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2023
Flag → Flag
Exports $254MRnk 83 / 220
2023
Flag → Flag
Top Product $23.1MUnglazed Ceramics
2023
Flag → Flag
Exports $189MRnk 21 / 172
2023
Flag → Flag
Top Product $78MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI -0.97Rnk 109 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$76.4BCURRENT US$
Rnk 82 / 195
2013-2023
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GDP GROWTH21.6%CURRENT US$
Rnk 135 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$2,260CURRENT US$
Rnk 152 / 196
2013-2023
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GDP PC GROWTH-1.47%CURRENT US$
Rnk 154 / 195

About

Spain-Ghana Trade: In 2023, Spain exported $254M to Ghana. The main products that Spain exported to Ghana were Unglazed Ceramics ($23.1M), Mixed Mineral or Chemical Fertilizers ($13.7M), and Flavored Water ($10.7M). Over the past 5 years the exports of Spain to Ghana have increased at an annualized rate of 1.54%, from $235M in 2018 to $254M in 2023.

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

Ghana-Spain Trade: In 2023, Ghana exported $189M to Spain. The main products that Ghana exported to Spain were Crude Petroleum ($78M), Cocoa Paste ($31.2M), and Cocoa Beans ($29.2M). Over the past 5 years the exports of Ghana to Spain have decreased at an annualized rate of 13.3%,  from $386M in 2018 to $189M in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). 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, Spain exported €14.1M and imported €22.9M from Ghana, resulting in a negative trade balance of €8.81M. Between November 2023 and November 2024 the exports of Spain have decreased by €-3.03M (-17.7%) from €17.1M to €14.1M, while imports increased by €17M (291%) from €5.86M to €22.9M.

Trade In November 2024, the top exports of Spain to Ghana were Mixed Mineral or Chemical Fertilizers (€6.32M), Non-fillet Frozen Fish (€3.84M), Navigation Equipment (€1.53M), Unglazed Ceramics (€1.18M), and Gypsum (€827k). In November 2024 the top imports of Spain from Ghana were Cocoa Paste (€4.47M), Cocoa Beans (€1.69M), Non-fillet Frozen Fish (€1.11M), Palm Oil (€1.07M), and Cocoa Butter (€838k).

Origins In November 2024 the exports of Spain were mainly from Murcia (€2.12M), Barcelona (€1.9M), Vizcaya (€1.72M), Castellón (€1.34M), and Alicante (€1.3M), while imports destinations were mainly Barcelona (€11.2M), Alicante (€4.04M), Valladolid (€3.98M), Valencia (€1.67M), and Tarragona (€571k).

Growth In November 2024, the decrease in Spain's year-by-year exports to Ghana was explained primarily by an decrease in product exports in Unglazed Ceramics (€-2.41M or -67.2%), Flavored Water (€-958k or -71%), and Fruit Juice (€-185k or -76.7%). In November 2024, the increase in Spain's year-by-year imports  from Ghana was explained primarily by an increase in product imports  in Palm Oil (€1.06M or 7.86k%), Non-fillet Frozen Fish (€849k or 329%), and Processed Fish (€461k or 310%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-3.03M(-17.7%)
IMPORT GROWTH (November 2023 - November 2024)€17M(291%)
MAIN EXPORTER (November 2024)Murcia€2.12M

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

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

For full datasets download visit Bulk Download page.

Explore Ghana and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $254M to Ghana. The main products exported from Spain to Ghana were Unglazed Ceramics ($23.1M), Mixed Mineral or Chemical Fertilizers ($13.7M), and Flavored Water ($10.7M). During the last 5 years the exports of Spain to Ghana have increased at an annualized rate of 1.54%, from $235M in 2018 to $254M in 2023.

In 2018, Ghana exported $189M to Spain. The main products exported from Ghana to Spain were Crude Petroleum ($78M), Cocoa Paste ($31.2M), and Cocoa Beans ($29.2M). During the last 5 years the exports of Ghana to Spain have decreased at an annualized rate of 13.3%, from $386M in 2023 to $189M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Spain than Ghana included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

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

Comparative Advantage Spain - Ghana

Flow
Scale

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

During 2023, Spain had a large net trade with Ghana in the exports of Chemical Products ($55.5M), Foodstuffs ($32.2M), and Metals ($26M).

During 2018, Ghana had a large net trade with Spain in the exports of Mineral Products ($78M), Foodstuffs ($72.1M), and Animal Products ($10.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Ghana+$23.3MRefined Petroleum
Top Product Potential Ghana Spain+$127MCrude Petroleum

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 Spain and Ghana. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Ghana. Similarly, a dot/product with the flag of Ghana indicates it has a comparative advantage over Spain.

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

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