Ghana (GHA) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Ghana-Vietnam Trade: In 2023, Ghana exported $89.1M to Vietnam. The main products that Ghana exported to Vietnam were Coconuts, Brazil Nuts, and Cashews ($86.3M), Rubber ($1.08M), and Rough Wood ($903k). Over the past 5 years the exports of Ghana to Vietnam have decreased at an annualized rate of 21.9%, from $306M in 2018 to $89.1M in 2023.

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

Vietnam-Ghana Trade: In 2023, Vietnam exported $279M to Ghana. The main products that Vietnam exported to Ghana were Rice ($236M), Dental Products ($7.16M), and Cement ($6.57M). Over the past 5 years the exports of Vietnam to Ghana have decreased at an annualized rate of 7.73%, from $417M in 2018 to $279M in 2023.

In 2023, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $89.1M to Vietnam. The main products exported from Ghana to Vietnam were Coconuts, Brazil Nuts, and Cashews ($86.3M), Rubber ($1.08M), and Rough Wood ($903k). During the last 5 years the exports of Ghana to Vietnam have decreased at an annualized rate of 21.9%, from $306M in 2018 to $89.1M in 2023.

In 2018, Vietnam exported $279M to Ghana. The main products exported from Vietnam to Ghana were Rice ($236M), Dental Products ($7.16M), and Cement ($6.57M). During the last 5 years the exports of Vietnam to Ghana have decreased at an annualized rate of 7.73%, from $417M in 2023 to $279M in 2018.

Exports from Ghana () to Vietnam () (2023)

Exports from Vietnam () to Ghana () (2023)

Latest Data

Trade between Ghana () and Vietnam ()

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Vietnam
Top DestinationUnited States$118B

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

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

In 2023, countries that imported more from Vietnam than Ghana included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

Comparative Advantage Ghana - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Vietnam in the exports of Vegetable Products ($86.3M), Wood Products ($1.17M), and Plastics and Rubbers ($1.08M).

During 2018, Vietnam had a large net trade with Ghana in the exports of Vegetable Products ($236M), Chemical Products ($10.3M), and Plastics and Rubbers ($9.06M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Vietnam+$3MSawn Wood

Top Product Potential Vietnam Ghana+$5.37MCoated Flat-Rolled Iron

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Vietnam () (2023)

Exports from Vietnam () to Ghana () (2023)

Latest Data

Trade between Ghana () and Vietnam ()

Ghana Exports

Market Competitiveness

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

Comparative Advantage Ghana - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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