Ghana (GHA) and Iran (IRN) Trade | The Observatory of Economic Complexity

About

Ghana-Iran Trade: In 2023, Ghana exported $20 to Iran. The main products that Ghana exported to Iran were Coconuts, Brazil Nuts, and Cashews ($20). Over the past 5 years the exports of Ghana to Iran have decreased at an annualized rate of 92.6%, from $9.15M in 2018 to $20 in 2023.

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

Iran-Ghana Trade: In 2023, Iran exported $284k to Ghana. The main products that Iran exported to Ghana were Boat Propellers ($42k), Other Iron Products ($36k), and Animal Organs ($26.4k). Over the past 5 years the exports of Iran to Ghana have decreased at an annualized rate of 60.8%, from $30.6M in 2018 to $284k in 2023.

In 2023, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $20 to Iran. The main products exported from Ghana to Iran were Coconuts, Brazil Nuts, and Cashews ($20). During the last 5 years the exports of Ghana to Iran have decreased at an annualized rate of 92.6%, from $9.15M in 2018 to $20 in 2023.

In 2018, Iran exported $284k to Ghana. The main products exported from Iran to Ghana were Boat Propellers ($42k), Other Iron Products ($36k), and Animal Organs ($26.4k). During the last 5 years the exports of Iran to Ghana have decreased at an annualized rate of 60.8%, from $30.6M in 2023 to $284k in 2018.

Exports from Ghana () to Iran () (2023)

Exports from Iran () to Ghana () (2023)

Latest Data

Trade between Ghana () and Iran ()

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Iran
Top DestinationChina$4.59B

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

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

In 2023, countries that imported more from Iran than Ghana included China ($4.59B), Turkey ($2.18B), and Pakistan ($943M).

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

Comparative Advantage Ghana - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Iran in the exports of Vegetable Products ($20).

During 2018, Iran had a large net trade with Ghana in the exports of Machines ($118k), Animal Products ($47.8k), and Metals ($47.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Iran+$3.71kGold

Top Product Potential Iran Ghana+$3.9kEthylene Polymers

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Iran () (2023)

Exports from Iran () to Ghana () (2023)

Latest Data

Trade between Ghana () and Iran ()

Ghana Exports

Market Competitiveness

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

Comparative Advantage Ghana - Iran

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring