Ghana (GHA) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Ghana-Azerbaijan Trade: In 2023, Ghana exported $227k to Azerbaijan. The main products that Ghana exported to Azerbaijan were Chlorides ($123k), Coated Metal Soldering Products ($78.3k), and Cut Flowers ($20.4k). Over the past 5 years the exports of Ghana to Azerbaijan have increased at an annualized rate of 108%, from $5.88k in 2018 to $227k in 2023.

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

Azerbaijan-Ghana Trade: In 2023, Azerbaijan exported $205k to Ghana. The main products that Azerbaijan exported to Ghana were Military Weapons ($107k), Animal Food ($38.1k), and Animal Organs ($29.4k). Over the past 5 years the exports of Azerbaijan to Ghana have increased at an annualized rate of 15.4%, from $100k in 2018 to $205k in 2023.

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

Comparison: In 2023, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $227k to Azerbaijan. The main products exported from Ghana to Azerbaijan were Chlorides ($123k), Coated Metal Soldering Products ($78.3k), and Cut Flowers ($20.4k). During the last 5 years the exports of Ghana to Azerbaijan have increased at an annualized rate of 108%, from $5.88k in 2018 to $227k in 2023.

In 2018, Azerbaijan exported $205k to Ghana. The main products exported from Azerbaijan to Ghana were Military Weapons ($107k), Animal Food ($38.1k), and Animal Organs ($29.4k). During the last 5 years the exports of Azerbaijan to Ghana have increased at an annualized rate of 15.4%, from $100k in 2023 to $205k in 2018.

Exports from Ghana () to Azerbaijan () (2023)

Exports from Azerbaijan () to Ghana () (2023)

Latest Data

Trade between Ghana () and Azerbaijan ()

Ghana Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Ghana than Azerbaijan included Switzerland ($6.49B), United Arab Emirates ($4.93B), and South Africa ($1.85B).

In 2023, countries that imported more from Azerbaijan than Ghana included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

Difference in imports from Azerbaijan () and Ghana () (2023)

Comparative Advantage Ghana - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Azerbaijan in the exports of Chemical Products ($123k), Metals ($78.3k), and Vegetable Products ($24.5k).

During 2018, Azerbaijan had a large net trade with Ghana in the exports of Weapons ($107k), Foodstuffs ($38.1k), and Animal Products ($29.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Azerbaijan+$5.75kTropical Fruits

Top Product Potential Azerbaijan Ghana+$24.8kOther Iron Products

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Ghana () to Azerbaijan () (2023)

Exports from Azerbaijan () to Ghana () (2023)

Latest Data

Trade between Ghana () and Azerbaijan ()

Ghana Exports

Azerbaijan Exports

Market Competitiveness

Difference in imports from Azerbaijan () and Ghana () (2023)

Comparative Advantage Ghana - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ghana () and Azerbaijan () (2023)

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