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

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Ghana-Romania Trade: In 2023, Ghana exported $2.14M to Romania. The main products that Ghana exported to Romania were Rubber ($2.06M), Scrap Plastic ($46.1k), and Rubber Footwear ($25k). Over the past 5 years the exports of Ghana to Romania have decreased at an annualized rate of 40%, from $27.5M in 2018 to $2.14M in 2023.

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

Romania-Ghana Trade: In 2023, Romania exported $16.6M to Ghana. The main products that Romania exported to Ghana were Refined Petroleum ($7.04M), Cold-Rolled Iron ($1.72M), and Seed Oils ($1.61M). Over the past 5 years the exports of Romania to Ghana have increased at an annualized rate of 14.9%, from $8.26M in 2018 to $16.6M in 2023.

In 2023, Romania 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $2.14M to Romania. The main products exported from Ghana to Romania were Rubber ($2.06M), Scrap Plastic ($46.1k), and Rubber Footwear ($25k). During the last 5 years the exports of Ghana to Romania have decreased at an annualized rate of 40%, from $27.5M in 2018 to $2.14M in 2023.

In 2018, Romania exported $16.6M to Ghana. The main products exported from Romania to Ghana were Refined Petroleum ($7.04M), Cold-Rolled Iron ($1.72M), and Seed Oils ($1.61M). During the last 5 years the exports of Romania to Ghana have increased at an annualized rate of 14.9%, from $8.26M in 2023 to $16.6M in 2018.

Exports from Ghana () to Romania () (2023)

Exports from Romania () to Ghana () (2023)

Latest Data

Trade between Ghana () and Romania ()

Ghana Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Romania than Ghana included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

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 2023, Ghana had a large net trade with Romania in the exports of Plastics and Rubbers ($2.1M), Footwear and Headwear ($25k), and Wood Products ($7.19k).

During 2018, Romania had a large net trade with Ghana in the exports of Mineral Products ($7.04M), Animal Products ($2.56M), and Metals ($2.08M).

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.

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Historical Data

Bilateral Trade by Products

Exports from Ghana () to Romania () (2023)

Exports from Romania () to Ghana () (2023)

Latest Data

Trade between Ghana () and Romania ()

Ghana Exports

Romania Exports

Market Competitiveness

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

Comparative Advantage Ghana - Romania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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