Ghana (GHA) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Ghana-Russia Trade: In 2021, Ghana exported $77M to Russia. The main products that Ghana exported to Russia were N/A. Over the past 5 years the exports of Ghana to Russia have increased at an annualized rate of 6.18%, from $57M in 2016 to $77M in 2021.

In 2021, Ghana did not export any services to Russia.

Russia-Ghana Trade: In 2021, Russia exported $166M to Ghana. The main products that Russia exported to Ghana were N/A. Over the past 5 years the exports of Russia to Ghana have decreased at an annualized rate of 3.73%, from $217M in 2016 to $166M in 2021.

In 2020, Russia exported services to Ghana worth $380k, with Other business services ($109k), Transportation ($91k), and Financial services ($86k) being the largest in terms of value.

Comparison: In 2022, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Ghana exported $77M to Russia. There were not main exports from Ghana to Russia in 2021. During the last 5 years the exports of Ghana to Russia have increased at an annualized rate of 6.18%, from $57M in 2016 to $77M in 2021.

In 2016, Russia exported $166M to Ghana. There were not main exports from Russia to Ghana in 2016. During the last 5 years the exports of Russia to Ghana have decreased at an annualized rate of 3.73%, from $217M in 2021 to $166M in 2016.

Exports from Ghana () to Russia () (2021)

Exports from Russia () to Ghana () (2021)

Latest Data

Trade between Ghana () and Russia ()

Ghana Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Ghana than Russia included Togo ($111M), Niger ($56.3M), and Benin ($42.2M).

In 2022, countries that imported more from Russia than Ghana included China ($101B), India ($40.4B), and Germany ($27.7B).

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

Comparative Advantage Ghana - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Ghana had a large net trade with Russia in the exports of .

During 2016, Russia had a large net trade with Ghana in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Russia+$5.69kGold

Top Product Potential Russia Ghana+$9.24kRefined 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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Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Ghana worth $380k, with Other business services ($109k), Transportation ($91k), and Financial services ($86k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Ghana () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Russia () (2021)

Exports from Russia () to Ghana () (2021)

Latest Data

Trade between Ghana () and Russia ()

Ghana Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Ghana - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to Ghana () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Ghana () and Russia () (2021)

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