Ghana (GHA) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Ghana-Ecuador Trade: In 2023, Ghana exported $271k to Ecuador. The main products that Ghana exported to Ecuador were Non-fillet Frozen Fish ($170k), Other Inedible Animal Products ($47.9k), and Orthopedic Appliances ($36.3k). Over the past 7 years the exports of Ghana to Ecuador have increased at an annualized rate of 39.7%, from $26.2k in 2016 to $271k in 2023.

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

Ecuador-Ghana Trade: In 2023, Ecuador exported $4M to Ghana. The main products that Ecuador exported to Ghana were Palm Oil ($2.76M), Non-fillet Frozen Fish ($1M), and Bananas ($48.6k). Over the past 7 years the exports of Ecuador to Ghana have increased at an annualized rate of 19%, from $1.67M in 2016 to $4M in 2023.

In 2023, Ecuador 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, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $271k to Ecuador. The main products exported from Ghana to Ecuador were Non-fillet Frozen Fish ($170k), Other Inedible Animal Products ($47.9k), and Orthopedic Appliances ($36.3k). During the last 7 years the exports of Ghana to Ecuador have increased at an annualized rate of 39.7%, from $26.2k in 2016 to $271k in 2023.

In 2018, Ecuador exported $4M to Ghana. The main products exported from Ecuador to Ghana were Palm Oil ($2.76M), Non-fillet Frozen Fish ($1M), and Bananas ($48.6k). During the last 5 years the exports of Ecuador to Ghana have increased at an annualized rate of 19%, from $1.67M in 2023 to $4M in 2018.

Exports from Ghana () to Ecuador () (2023)

Exports from Ecuador () to Ghana () (2023)

Latest Data

Trade between Ghana () and Ecuador ()

Ghana Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Ecuador
Top DestinationUnited States$8.34B

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

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

In 2023, countries that imported more from Ecuador than Ghana included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

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

Comparative Advantage Ghana - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Ecuador in the exports of Animal Products ($218k), Instruments ($37.5k), and Transportation ($9.58k).

During 2018, Ecuador had a large net trade with Ghana in the exports of Animal and Vegetable Bi-Products ($2.76M), Animal Products ($1.03M), and Foodstuffs ($79.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Ecuador+$3.78kRefined Petroleum

Top Product Potential Ecuador Ghana+$4.6kRefined 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Ecuador () (2023)

Exports from Ecuador () to Ghana () (2023)

Latest Data

Trade between Ghana () and Ecuador ()

Ghana Exports

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Ghana - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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