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

About

Ghana-Belgium In 2021, Ghana exported $114M to Belgium. The main products that Ghana exported to Belgium are Cocoa Beans ($64.4M), Other Pure Vegetable Oils ($18.6M), and Refined Petroleum ($15M). During the last 22 years the exports of Ghana to Belgium have increased at an annualized rate of 1.24%, from $87.1M in 1999 to $114M in 2021.

In 2021, Ghana did not export any services to Belgium.

Belgium-Ghana In 2021, Belgium exported $382M to Ghana. The main products that Belgium exported to Ghana were Refined Petroleum ($82.3M), Vaccines, blood, antisera, toxins and cultures ($70.8M), and Delivery Trucks ($27.7M). During the last 22 years the exports of Belgium to Ghana have increased at an annualized rate of 4.02%, from $161M in 1999 to $382M in 2021.

In 2021, Belgium did not export any services to Ghana.

Comparison In 2021, Ghana ranked 118 in the Economic Complexity Index (ECI -1.27), and 84 in total exports ($14.1B). That same year, Belgium ranked 18 in the Economic Complexity Index (ECI 1.28), and 15 in total exports ($403B).

Historical Data

Bilateral Trade by Products

Depth

Value

Year

In 2021, Ghana exported $114M to Belgium. The main products exported from Ghana to Belgium were Cocoa Beans ($64.4M), Other Pure Vegetable Oils ($18.6M), and Refined Petroleum ($15M). During the last 22 years the exports of Ghana to Belgium have increased at an annualized rate of 1.24%, from $87.1M in 1999 to $114M in 2021.

In 2021, Belgium exported $382M to Ghana. The main products exported from Belgium to Ghana were Refined Petroleum ($82.3M), Vaccines, blood, antisera, toxins and cultures ($70.8M), and Delivery Trucks ($27.7M). During the last 22 years the exports of Belgium to Ghana have increased at an annualized rate of 4.02%, from $161M in 1999 to $382M in 2021.

Latest Data

Ghana Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

SectionYear

Ghana
Top Destination: Switzerland, $2.44B

Belgium
Top Destination: Germany, $62.7B

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 2021, countries that imported more from Ghana than Belgium were Burkina Faso ($264M).

In 2021, countries that imported more from Belgium than Ghana were Germany ($62.7B), France ($59.9B), and Netherlands ($50.4B).

Comparative Advantage Ghana - Belgium

Flow

Scale

Year

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

During 2021, Ghana had a large net trade with Belgium in the exports of Foodstuffs ($67.8M), Animal and Vegetable Bi-Products ($18.6M), and Mineral Products ($15M).

During 2021, Belgium had a large net trade with Ghana in the exports of Chemical Products ($104M), Mineral Products ($83.4M), and Transportation ($51.2M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Ghana has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over Ghana.

About

Historical Data

Bilateral Trade by Products

Latest Data

Ghana Exports

Belgium Exports

Market Competitiveness

Comparative Advantage Ghana - Belgium

Economic Complexity

Competitive Landscape

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