Ghana (GHA) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

About

Ghana-Venezuela Trade: In 2018, Ghana exported $11.2k to Venezuela. The main products that Ghana exported to Venezuela were N/A. Over the past 6 years the exports of Ghana to Venezuela have increased at an annualized rate of 60.4%, from $656 in 2012 to $11.2k in 2018.

In 2018, Ghana did not export any services to Venezuela.

Venezuela-Ghana Trade: In 2018, Venezuela exported $3.83k to Ghana. The main products that Venezuela exported to Ghana were N/A. Over the past 6 years the exports of Venezuela to Ghana have decreased at an annualized rate of 8.04%, from $5.83k in 2012 to $3.83k in 2018.

In 2018, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2018, Ghana exported $11.2k to Venezuela. There were not main exports from Ghana to Venezuela in 2018. During the last 6 years the exports of Ghana to Venezuela have increased at an annualized rate of 60.4%, from $656 in 2012 to $11.2k in 2018.

In 2013, Venezuela exported $3.83k to Ghana. There were not main exports from Venezuela to Ghana in 2013. During the last 5 years the exports of Venezuela to Ghana have decreased at an annualized rate of 8.04%, from $5.83k in 2018 to $3.83k in 2013.

Exports from Ghana () to Venezuela () (2018)

Exports from Venezuela () to Ghana () (2018)

Latest Data

Trade between Ghana () and Venezuela ()

Ghana Exports

Date

May 2018

Jul 2017

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Ghana than Venezuela included United Arab Emirates ($4.72B), Switzerland ($3.37B), and United States ($2.83B).

In 2022, countries that imported more from Venezuela than Ghana included Turkey ($597M), Brazil ($361M), and Spain ($518M).

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

Comparative Advantage Ghana - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Ghana had a large net trade with Venezuela in the exports of .

During 2013, Venezuela had a large net trade with Ghana in the exports of .

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Venezuela () (2018)

Exports from Venezuela () to Ghana () (2018)

Latest Data

Trade between Ghana () and Venezuela ()

Ghana Exports

Market Competitiveness

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

Comparative Advantage Ghana - Venezuela

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Ghana () and Venezuela () (2018)

Keep Exploring