Ghana (GHA) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Ghana-Greece Trade: In 2022, Ghana exported $14.7M to Greece. The main products that Ghana exported to Greece were Raw Lead ($3.73M), Scrap Copper ($2.59M), and Animal Meal and Pellets ($2.07M). Over the past 5 years the exports of Ghana to Greece have increased at an annualized rate of 16.5%, from $6.85M in 2017 to $14.7M in 2022.

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

Greece-Ghana Trade: In 2022, Greece exported $6.28M to Ghana. The main products that Greece exported to Ghana were Utility Meters ($1.37M), Engine Parts ($339k), and Large Construction Vehicles ($332k). Over the past 5 years the exports of Greece to Ghana have decreased at an annualized rate of 31.3%, from $41.1M in 2017 to $6.28M in 2022.

In 2022, Greece 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, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $14.7M to Greece. The main products exported from Ghana to Greece were Raw Lead ($3.73M), Scrap Copper ($2.59M), and Animal Meal and Pellets ($2.07M). During the last 5 years the exports of Ghana to Greece have increased at an annualized rate of 16.5%, from $6.85M in 2017 to $14.7M in 2022.

In 2017, Greece exported $6.28M to Ghana. The main products exported from Greece to Ghana were Utility Meters ($1.37M), Engine Parts ($339k), and Large Construction Vehicles ($332k). During the last 5 years the exports of Greece to Ghana have decreased at an annualized rate of 31.3%, from $41.1M in 2022 to $6.28M in 2017.

Exports from Ghana () to Greece () (2022)

Exports from Greece () to Ghana () (2022)

Latest Data

Trade between Ghana () and Greece ()

Ghana Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Ghana than Greece included United Arab Emirates ($4.72B), Switzerland ($3.37B), and India ($2.04B).

In 2022, countries that imported more from Greece than Ghana included Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

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

Comparative Advantage Ghana - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with Greece in the exports of Metals ($6.82M), Foodstuffs ($3.57M), and Wood Products ($3.26M).

During 2017, Greece had a large net trade with Ghana in the exports of Machines ($1.7M), Instruments ($1.44M), and Metals ($821k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Greece+$1.39MScrap Copper

Top Product Potential Greece Ghana+$1.47MRefined 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 Greece. This means that a dot/product with the flag of Ghana indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Ghana.

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Historical Data

Bilateral Trade by Products

Exports from Ghana () to Greece () (2022)

Exports from Greece () to Ghana () (2022)

Latest Data

Trade between Ghana () and Greece ()

Ghana Exports

Greece Exports

Market Competitiveness

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

Comparative Advantage Ghana - Greece

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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