2022
Flag  
GDP
$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH
76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC 
$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH
7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC
$2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH
41.6%CURRENT US$
Rnk 46 / 186

About

United Kingdom-Ghana Trade: In 2022, United Kingdom exported $789M to Ghana. The main products that United Kingdom exported to Ghana were Refined Petroleum ($67.5M), Used Clothing ($64.7M), and Iron Structures ($47.1M). Over the past 5 years the exports of United Kingdom to Ghana have increased at an annualized rate of 17.7%, from $349M in 2017 to $789M in 2022.

In 2022, United Kingdom did not export any services to Ghana.

Ghana-United Kingdom Trade: In 2022, Ghana exported $371M to United Kingdom. The main products that Ghana exported to United Kingdom were Crude Petroleum ($529M), Processed Fish ($49.9M), and Tropical Fruits ($32.7M). Over the past 5 years the exports of Ghana to United Kingdom have increased at an annualized rate of 9.22%,  from $239M in 2017 to $371M in 2022.

In 2022, Ghana did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $789M to Ghana. The main products exported from United Kingdom to Ghana were Refined Petroleum ($67.5M), Used Clothing ($64.7M), and Iron Structures ($47.1M). During the last 5 years the exports of United Kingdom to Ghana have increased at an annualized rate of 17.7%, from $349M in 2017 to $789M in 2022.

In 2017, Ghana exported $371M to United Kingdom. The main products exported from Ghana to United Kingdom were Crude Petroleum ($529M), Processed Fish ($49.9M), and Tropical Fruits ($32.7M). During the last 22 years the exports of Ghana to United Kingdom have increased at an annualized rate of 9.22%, from $239M in 1995 to $371M in 2017.

Exports from United Kingdom (Flag) to Ghana (Flag) (2022)

Exports from Ghana (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top Destination
United States$61.8B
Ghana
Top Destination
United Arab Emirates$4.72B

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

In 2022, countries that imported more from United Kingdom than Ghana included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Ghana than United Kingdom included Burkina Faso ($285M) and Niger ($56.3M).

Difference in imports from Ghana (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Ghana

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Ghana in the exports of Machines ($107M), Chemical Products ($87.6M), and Metals ($70.7M).

During 2017, Ghana had a large net trade with United Kingdom in the exports of Mineral Products ($529M), Foodstuffs ($97.7M), and Vegetable Products ($53.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Ghana+$30.6MRefined Petroleum
Top Product Potential Ghana United Kingdom+$178MCrude 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 United Kingdom and Ghana. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Ghana. Similarly, a dot/product with the flag of Ghana indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Ghana (Flag) (2022)

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