Ghana (GHA) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Ghana-Thailand Trade: In 2023, Ghana exported $84.8M to Thailand. The main products that Ghana exported to Thailand were Crude Petroleum ($80.9M), Cocoa Paste ($1.8M), and Scrap Aluminium ($448k). Over the past 5 years the exports of Ghana to Thailand have increased at an annualized rate of 60.3%, from $8.01M in 2018 to $84.8M in 2023.

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

Thailand-Ghana Trade: In 2023, Thailand exported $128M to Ghana. The main products that Thailand exported to Ghana were Rice ($26.8M), Raw Sugar ($11.4M), and Flavored Water ($10.6M). Over the past 5 years the exports of Thailand to Ghana have decreased at an annualized rate of 11.2%, from $231M in 2018 to $128M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $84.8M to Thailand. The main products exported from Ghana to Thailand were Crude Petroleum ($80.9M), Cocoa Paste ($1.8M), and Scrap Aluminium ($448k). During the last 5 years the exports of Ghana to Thailand have increased at an annualized rate of 60.3%, from $8.01M in 2018 to $84.8M in 2023.

In 2018, Thailand exported $128M to Ghana. The main products exported from Thailand to Ghana were Rice ($26.8M), Raw Sugar ($11.4M), and Flavored Water ($10.6M). During the last 5 years the exports of Thailand to Ghana have decreased at an annualized rate of 11.2%, from $231M in 2023 to $128M in 2018.

Exports from Ghana () to Thailand () (2023)

Exports from Thailand () to Ghana () (2023)

Latest Data

Trade between Ghana () and Thailand ()

Ghana Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Ghana than Thailand included Switzerland ($6.49B), Burkina Faso ($574M), and Togo ($261M).

In 2023, countries that imported more from Thailand than Ghana included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Ghana - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Thailand in the exports of Mineral Products ($80.9M), Foodstuffs ($1.84M), and Metals ($1.14M).

During 2018, Thailand had a large net trade with Ghana in the exports of Foodstuffs ($29.1M), Vegetable Products ($27.8M), and Plastics and Rubbers ($20.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Thailand+$78.4MCrude Petroleum

Top Product Potential Thailand Ghana+$4.3MRice

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Thailand () (2023)

Exports from Thailand () to Ghana () (2023)

Latest Data

Trade between Ghana () and Thailand ()

Ghana Exports

Thailand Exports

Market Competitiveness

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

Comparative Advantage Ghana - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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