Ghana (GHA) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Ghana-Belgium Trade: In 2022, Ghana exported $106M to Belgium. The main products that Ghana exported to Belgium were Cocoa Beans ($49.1M), Other Pure Vegetable Oils ($27.4M), and Cocoa Paste ($5.98M). Over the past 5 years the exports of Ghana to Belgium have decreased at an annualized rate of 7.46%, from $157M in 2017 to $106M in 2022.

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

Belgium-Ghana Trade: In 2022, Belgium exported $679M to Ghana. The main products that Belgium exported to Ghana were Refined Petroleum ($447M), Delivery Trucks ($20.3M), and Vaccines, blood, antisera, toxins and cultures ($19M). Over the past 5 years the exports of Belgium to Ghana have increased at an annualized rate of 13.6%, from $317M in 2017 to $679M in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $106M to Belgium. The main products exported from Ghana to Belgium were Cocoa Beans ($49.1M), Other Pure Vegetable Oils ($27.4M), and Cocoa Paste ($5.98M). During the last 5 years the exports of Ghana to Belgium have decreased at an annualized rate of 7.46%, from $157M in 2017 to $106M in 2022.

In 2017, Belgium exported $679M to Ghana. The main products exported from Belgium to Ghana were Refined Petroleum ($447M), Delivery Trucks ($20.3M), and Vaccines, blood, antisera, toxins and cultures ($19M). During the last 5 years the exports of Belgium to Ghana have increased at an annualized rate of 13.6%, from $317M in 2022 to $679M in 2017.

Exports from Ghana () to Belgium () (2022)

Exports from Belgium () to Ghana () (2022)

Latest Data

Trade between Ghana () and Belgium ()

Ghana Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Ghana than Belgium included United Arab Emirates ($4.72B) and Burkina Faso ($285M).

In 2022, countries that imported more from Belgium than Ghana included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Ghana - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with Belgium in the exports of Foodstuffs ($62.5M), Animal and Vegetable Bi-Products ($27.7M), and Wood Products ($4.84M).

During 2017, Belgium had a large net trade with Ghana in the exports of Mineral Products ($447M), Chemical Products ($72.1M), and Transportation ($40M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Belgium+$4.13MCocoa Paste

Top Product Potential Belgium Ghana+$10.7MVaccines, blood, antisera, toxins and cultures

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Belgium () (2022)

Exports from Belgium () to Ghana () (2022)

Latest Data

Trade between Ghana () and Belgium ()

Ghana Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Ghana - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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