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

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Ghana-Azerbaijan Trade: In 2022, Ghana exported $16.3k to Azerbaijan. The main products that Ghana exported to Azerbaijan were Cut Flowers ($11.1k), Plant foliage ($3.83k), and Tropical Fruits ($572). Over the past 5 years the exports of Ghana to Azerbaijan have decreased at an annualized rate of 10.8%, from $28.8k in 2017 to $16.3k in 2022.

In 2022, Ghana did not export any services to Azerbaijan.

Azerbaijan-Ghana Trade: In 2022, Azerbaijan exported $37.9k to Ghana. The main products that Azerbaijan exported to Ghana were Other Iron Products ($10.2k), Electrical Control Boards ($9.96k), and Office Machine Parts ($4.14k). Over the past 5 years the exports of Azerbaijan to Ghana have increased at an annualized rate of 131%, from $574 in 2017 to $37.9k in 2022.

In 2022, Azerbaijan did not export any services to Ghana.

Comparison: In 2022, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $16.3k to Azerbaijan. The main products exported from Ghana to Azerbaijan were Cut Flowers ($11.1k), Plant foliage ($3.83k), and Tropical Fruits ($572). During the last 5 years the exports of Ghana to Azerbaijan have decreased at an annualized rate of 10.8%, from $28.8k in 2017 to $16.3k in 2022.

In 2017, Azerbaijan exported $37.9k to Ghana. The main products exported from Azerbaijan to Ghana were Other Iron Products ($10.2k), Electrical Control Boards ($9.96k), and Office Machine Parts ($4.14k). During the last 5 years the exports of Azerbaijan to Ghana have increased at an annualized rate of 131%, from $574 in 2022 to $37.9k in 2017.

Exports from Ghana () to Azerbaijan () (2022)

Exports from Azerbaijan () to Ghana () (2022)

Latest Data

Trade between Ghana () and Azerbaijan ()

Ghana Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Azerbaijan
Top DestinationItaly$18.3B

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 2022, countries that imported more from Ghana than Azerbaijan included United Arab Emirates ($4.72B), Switzerland ($3.37B), and United States ($2.83B).

In 2022, countries that imported more from Azerbaijan than Ghana included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

Difference in imports from Azerbaijan () and Ghana () (2022)

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 2022, Ghana had a large net trade with Azerbaijan in the exports of Vegetable Products ($15.5k), Machines ($467), and Foodstuffs ($328).

During 2017, Azerbaijan had a large net trade with Ghana in the exports of Machines ($17.4k), Metals ($14.1k), and Instruments ($2.57k).

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.

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Azerbaijan () (2022)

Exports from Azerbaijan () to Ghana () (2022)

Latest Data

Trade between Ghana () and Azerbaijan ()

Ghana Exports

Azerbaijan Exports

Market Competitiveness

Difference in imports from Azerbaijan () and Ghana () (2022)

Comparative Advantage Ghana - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ghana () and Azerbaijan () (2022)

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