Ghana (GHA) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Ghana-Finland Trade: In 2023, Ghana exported $1.52M to Finland. The main products that Ghana exported to Finland were Shaped Wood ($464k), Sawn Wood ($399k), and Melons ($102k). Over the past 5 years the exports of Ghana to Finland have increased at an annualized rate of 1.85%, from $1.39M in 2018 to $1.52M in 2023.

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

Finland-Ghana Trade: In 2023, Finland exported $83.8M to Ghana. The main products that Finland exported to Ghana were Other Construction Vehicles ($22.4M), Delivery Trucks ($18.7M), and Large Construction Vehicles ($15.7M). Over the past 5 years the exports of Finland to Ghana have decreased at an annualized rate of 5.53%, from $111M in 2018 to $83.8M in 2023.

In 2023, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $1.52M to Finland. The main products exported from Ghana to Finland were Shaped Wood ($464k), Sawn Wood ($399k), and Melons ($102k). During the last 5 years the exports of Ghana to Finland have increased at an annualized rate of 1.85%, from $1.39M in 2018 to $1.52M in 2023.

In 2018, Finland exported $83.8M to Ghana. The main products exported from Finland to Ghana were Other Construction Vehicles ($22.4M), Delivery Trucks ($18.7M), and Large Construction Vehicles ($15.7M). During the last 5 years the exports of Finland to Ghana have decreased at an annualized rate of 5.53%, from $111M in 2023 to $83.8M in 2018.

Exports from Ghana () to Finland () (2023)

Exports from Finland () to Ghana () (2023)

Latest Data

Trade between Ghana () and Finland ()

Ghana Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Finland
Top DestinationUnited States$9.68B

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

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

In 2023, countries that imported more from Finland than Ghana included Germany ($9.26B), Sweden ($8.13B), and United States ($9.68B).

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

Comparative Advantage Ghana - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Finland in the exports of Wood Products ($944k), Vegetable Products ($311k), and Foodstuffs ($213k).

During 2018, Finland had a large net trade with Ghana in the exports of Machines ($49.9M), Transportation ($25.2M), and Paper Goods ($4.56M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Finland+$200kProcessed Fish

Top Product Potential Finland Ghana+$1.39MExcavation Machinery

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Finland () (2023)

Exports from Finland () to Ghana () (2023)

Latest Data

Trade between Ghana () and Finland ()

Ghana Exports

Finland Exports

Market Competitiveness

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

Comparative Advantage Ghana - Finland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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