Ghana (GHA) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

About

Ghana-Paraguay Trade: In 2022, Ghana exported $2.94k to Paraguay. The main products that Ghana exported to Paraguay were N/A. Over the past 6 years the exports of Ghana to Paraguay have decreased at an annualized rate of 27%, from $19.5k in 2016 to $2.94k in 2022.

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

Paraguay-Ghana Trade: In 2022, Paraguay exported $16.1M to Ghana. The main products that Paraguay exported to Ghana were Frozen Bovine Meat ($13.3M), Animal Organs ($2.15M), and Edible Offal ($455k). Over the past 6 years the exports of Paraguay to Ghana have increased at an annualized rate of 84.4%, from $410k in 2016 to $16.1M in 2022.

In 2022, Paraguay 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, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $2.94k to Paraguay. There were not main exports from Ghana to Paraguay in 2022. During the last 6 years the exports of Ghana to Paraguay have decreased at an annualized rate of 27%, from $19.5k in 2016 to $2.94k in 2022.

In 2018, Paraguay exported $16.1M to Ghana. The main products exported from Paraguay to Ghana were Frozen Bovine Meat ($13.3M), Animal Organs ($2.15M), and Edible Offal ($455k). During the last 5 years the exports of Paraguay to Ghana have increased at an annualized rate of 84.4%, from $410k in 2023 to $16.1M in 2018.

Exports from Ghana () to Paraguay () (2023)

Exports from Paraguay () to Ghana () (2023)

Latest Data

Trade between Ghana () and Paraguay ()

Ghana Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Ghana than Paraguay included Switzerland ($6.49B), United Arab Emirates ($4.93B), and India ($2.26B).

In 2023, countries that imported more from Paraguay than Ghana included Argentina ($4B), Brazil ($3B), and Chile ($1.26B).

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

Comparative Advantage Ghana - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with Paraguay in the exports of .

During 2018, Paraguay had a large net trade with Ghana in the exports of Animal Products ($16.1M), Chemical Products ($10.3k), and Miscellaneous ($1.13k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Paraguay+$3.21kRefined Petroleum

Top Product Potential Paraguay Ghana+$508kEdible Offal

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Paraguay () (2023)

Exports from Paraguay () to Ghana () (2023)

Latest Data

Trade between Ghana () and Paraguay ()

Ghana Exports

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Ghana - Paraguay

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 Paraguay () (2023)

Keep Exploring