Ghana (GHA) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Ghana-Turkey Trade: In 2023, Ghana exported $614M to Turkey. The main products that Ghana exported to Turkey were Gold ($492M), Cocoa Beans ($66.3M), and Raw Lead ($15.8M). Over the past 5 years the exports of Ghana to Turkey have increased at an annualized rate of 46.5%, from $90.8M in 2018 to $614M in 2023.

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

Turkey-Ghana Trade: In 2023, Turkey exported $274M to Ghana. The main products that Turkey exported to Ghana were Pasta ($42.8M), Wheat Flours ($27.9M), and Insulated Wire ($13.4M). Over the past 5 years the exports of Turkey to Ghana have decreased at an annualized rate of 4.43%, from $344M in 2018 to $274M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $614M to Turkey. The main products exported from Ghana to Turkey were Gold ($492M), Cocoa Beans ($66.3M), and Raw Lead ($15.8M). During the last 5 years the exports of Ghana to Turkey have increased at an annualized rate of 46.5%, from $90.8M in 2018 to $614M in 2023.

In 2018, Turkey exported $274M to Ghana. The main products exported from Turkey to Ghana were Pasta ($42.8M), Wheat Flours ($27.9M), and Insulated Wire ($13.4M). During the last 5 years the exports of Turkey to Ghana have decreased at an annualized rate of 4.43%, from $344M in 2023 to $274M in 2018.

Exports from Ghana () to Turkey () (2023)

Exports from Turkey () to Ghana () (2023)

Latest Data

Trade between Ghana () and Turkey ()

Ghana Exports

Date

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Turkey
Top DestinationGermany$24.7B

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

In 2023, countries that imported more from Ghana than Turkey included Switzerland ($6.49B), South Africa ($1.85B), and Burkina Faso ($574M).

In 2023, countries that imported more from Turkey than Ghana included Germany ($24.7B), United Kingdom ($15.1B), and United States ($15.9B).

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

Comparative Advantage Ghana - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Turkey in the exports of Precious Metals ($492M), Foodstuffs ($88.4M), and Metals ($21.1M).

During 2018, Turkey had a large net trade with Ghana in the exports of Foodstuffs ($58.3M), Machines ($46.8M), and Vegetable Products ($29.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Turkey+$23.7MGold

Top Product Potential Turkey Ghana+$5.72MIron Structures

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Turkey () (2023)

Exports from Turkey () to Ghana () (2023)

Latest Data

Trade between Ghana () and Turkey ()

Ghana Exports

Turkey Exports

Market Competitiveness

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

Comparative Advantage Ghana - Turkey

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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