Guatemala (GTM) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Guatemala-Ghana Trade: In 2022, Guatemala exported $259k to Ghana. The main products that Guatemala exported to Ghana were Other Footwear ($136k), Plastic Lids ($80.3k), and Mixed Mineral or Chemical Fertilizers ($34.7k). Over the past 5 years the exports of Guatemala to Ghana have decreased at an annualized rate of 60.3%, from $26.4M in 2017 to $259k in 2022.

In 2022, Guatemala did not export any services to Ghana.

Ghana-Guatemala Trade: In 2022, Ghana exported $291k to Guatemala. The main products that Ghana exported to Guatemala were Cocoa Powder ($249k), Sawn Wood ($41.4k), and Imitation Jewellery ($695). Over the past 5 years the exports of Ghana to Guatemala have increased at an annualized rate of 23.8%, from $100k in 2017 to $291k in 2022.

In 2022, Ghana did not export any services to Guatemala.

Comparison: In 2022, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B). That same year, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $259k to Ghana. The main products exported from Guatemala to Ghana were Other Footwear ($136k), Plastic Lids ($80.3k), and Mixed Mineral or Chemical Fertilizers ($34.7k). During the last 5 years the exports of Guatemala to Ghana have decreased at an annualized rate of 60.3%, from $26.4M in 2017 to $259k in 2022.

In 2017, Ghana exported $291k to Guatemala. The main products exported from Ghana to Guatemala were Cocoa Powder ($249k), Sawn Wood ($41.4k), and Imitation Jewellery ($695). During the last 5 years the exports of Ghana to Guatemala have increased at an annualized rate of 23.8%, from $100k in 2022 to $291k in 2017.

Exports from Guatemala () to Ghana () (2022)

Exports from Ghana () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Ghana ()

Guatemala Exports

Date

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Ghana
Top DestinationUnited Arab Emirates$4.72B

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

In 2022, countries that imported more from Guatemala than Ghana included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

In 2022, countries that imported more from Ghana than Guatemala included United Arab Emirates ($4.72B), Switzerland ($3.37B), and India ($2.04B).

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

Comparative Advantage Guatemala - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Ghana in the exports of Footwear and Headwear ($136k), Plastics and Rubbers ($80.3k), and Chemical Products ($34.7k).

During 2017, Ghana had a large net trade with Guatemala in the exports of Foodstuffs ($249k), Wood Products ($41.4k), and Precious Metals ($695).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Ghana+$191kPlastic Lids

Top Product Potential Ghana Guatemala+$107kCocoa Powder

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

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Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Ghana () (2022)

Exports from Ghana () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Ghana ()

Guatemala Exports

Ghana Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Guatemala () and Ghana () (2022)

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