Ghana (GHA) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Ghana-Romania Trade: In 2022, Ghana exported $3.95M to Romania. The main products that Ghana exported to Romania were Rubber ($3.72M), Scrap Plastic ($119k), and Polyacetals ($103k). Over the past 5 years the exports of Ghana to Romania have increased at an annualized rate of 88.6%, from $166k in 2017 to $3.95M in 2022.

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

Romania-Ghana Trade: In 2022, Romania exported $3.29M to Ghana. The main products that Romania exported to Ghana were Poultry Meat ($664k), Cars ($577k), and Particle Board ($515k). Over the past 5 years the exports of Romania to Ghana have decreased at an annualized rate of 13.1%, from $7.61M in 2017 to $3.29M in 2022.

In 2022, Romania 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, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $3.95M to Romania. The main products exported from Ghana to Romania were Rubber ($3.72M), Scrap Plastic ($119k), and Polyacetals ($103k). During the last 5 years the exports of Ghana to Romania have increased at an annualized rate of 88.6%, from $166k in 2017 to $3.95M in 2022.

In 2017, Romania exported $3.29M to Ghana. The main products exported from Romania to Ghana were Poultry Meat ($664k), Cars ($577k), and Particle Board ($515k). During the last 5 years the exports of Romania to Ghana have decreased at an annualized rate of 13.1%, from $7.61M in 2022 to $3.29M in 2017.

Exports from Ghana () to Romania () (2022)

Exports from Romania () to Ghana () (2022)

Latest Data

Trade between Ghana () and Romania ()

Ghana Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Romania
Top DestinationGermany$18.8B

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

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

In 2022, countries that imported more from Romania than Ghana included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

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

Comparative Advantage Ghana - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with Romania in the exports of Plastics and Rubbers ($3.95M), Wood Products ($1.7k), and Machines ($1.26k).

During 2017, Romania had a large net trade with Ghana in the exports of Animal Products ($694k), Footwear and Headwear ($656k), and Transportation ($644k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Romania+$1.28MRubber

Top Product Potential Romania Ghana+$1.76MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Romania () (2022)

Exports from Romania () to Ghana () (2022)

Latest Data

Trade between Ghana () and Romania ()

Ghana Exports

Romania Exports

Market Competitiveness

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

Comparative Advantage Ghana - Romania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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