Ghana (GHA) and India (IND) Trade | The Observatory of Economic Complexity

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Ghana-India Trade: In 2023, Ghana exported $2.26B to India. The main products that Ghana exported to India were Gold ($1.85B), Coconuts, Brazil Nuts, and Cashews ($240M), and Rough Wood ($51.4M). Over the past 5 years the exports of Ghana to India have decreased at an annualized rate of 17.3%, from $5.86B in 2018 to $2.26B in 2023.

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

India-Ghana Trade: In 2023, India exported $1.1B to Ghana. The main products that India exported to Ghana were Refined Petroleum ($187M), Packaged Medicaments ($112M), and Large Construction Vehicles ($73.8M). Over the past 5 years the exports of India to Ghana have increased at an annualized rate of 7.53%, from $765M in 2018 to $1.1B in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $2.26B to India. The main products exported from Ghana to India were Gold ($1.85B), Coconuts, Brazil Nuts, and Cashews ($240M), and Rough Wood ($51.4M). During the last 5 years the exports of Ghana to India have decreased at an annualized rate of 17.3%, from $5.86B in 2018 to $2.26B in 2023.

In 2018, India exported $1.1B to Ghana. The main products exported from India to Ghana were Refined Petroleum ($187M), Packaged Medicaments ($112M), and Large Construction Vehicles ($73.8M). During the last 5 years the exports of India to Ghana have increased at an annualized rate of 7.53%, from $765M in 2023 to $1.1B in 2018.

Exports from Ghana () to India () (2023)

Exports from India () to Ghana () (2023)

Latest Data

Trade between Ghana () and India ()

Ghana Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Ghana than India included Switzerland ($6.49B), Burkina Faso ($574M), and Mali ($165M).

In 2023, countries that imported more from India than Ghana included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Ghana - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with India in the exports of Precious Metals ($1.86B), Vegetable Products ($263M), and Wood Products ($76.9M).

During 2018, India had a large net trade with Ghana in the exports of Chemical Products ($240M), Machines ($201M), and Mineral Products ($194M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana India+$495MGold

Top Product Potential India Ghana+$88.4MRefined 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 India. This means that a dot/product with the flag of Ghana indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Ghana.

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Historical Data

Bilateral Trade by Products

Exports from Ghana () to India () (2023)

Exports from India () to Ghana () (2023)

Latest Data

Trade between Ghana () and India ()

Ghana Exports

India Exports

Market Competitiveness

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

Comparative Advantage Ghana - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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