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2023
Flag → Flag
Exports $1.1BRnk 63 / 220
2023
Flag → Flag
Top Product $187MRefined Petroleum
2023
Flag → Flag
Exports $2.26BRnk 3 / 172
2023
Flag → Flag
Top Product $1.85BGold
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.97Rnk 109 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$76.4BCURRENT US$
Rnk 82 / 195
2013-2023
Flag
GDP GROWTH21.6%CURRENT US$
Rnk 135 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$2,260CURRENT US$
Rnk 152 / 196
2013-2023
Flag
GDP PC GROWTH-1.47%CURRENT US$
Rnk 154 / 195

About

India-Ghana Trade: In 2023, India exported $1.1B to Ghana. The main products that India exported to Ghana were Refined Petroleum ($187M), Packaged Medicaments ($112M), and Large Construction Vehicles ($73.8M). Over the past 5 years the exports of India to Ghana have increased at an annualized rate of 7.53%, from $765M in 2018 to $1.1B in 2023.

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

Ghana-India Trade: In 2023, Ghana exported $2.26B to India. The main products that Ghana exported to India were Gold ($1.85B), Coconuts, Brazil Nuts, and Cashews ($240M), and Rough Wood ($51.4M). Over the past 5 years the exports of Ghana to India have decreased at an annualized rate of 17.3%,  from $5.86B in 2018 to $2.26B in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $98.1M and imported $204M from Ghana, resulting in a negative trade balance of $106M. Between November 2023 and November 2024 the exports of India have increased by $11.1M (12.8%) from $86.9M to $98.1M, while imports increased by $150M (277%) from $54.2M to $204M.

Trade In November 2024, the top exports of India to Ghana were Sugar ($10.3M), Drug Formulations, Biologicals ($9.51M), Products Of Iron And Steel ($5.33M), Other Jute Manufactures ($5.26M), and Indl. Machnry For Dairy Etc ($4.9M). In November 2024 the top imports of India from Ghana were Other Wood And Wood Products ($4.06M), Aluminium, Products Of Aluminm ($1.63M), Natural Rubber ($1.06M), Iron And Steel ($1.01M), and Other Oil Seeds ($953k).

Growth In November 2024, the increase in India's year-by-year exports to Ghana was explained primarily by an increase in product exports in Sugar ($5.38M or 110%), Products Of Iron And Steel ($2.68M or 101%), and Atm, Injctng Mlding Mchnry Etc ($1.23M or 92.8%). In November 2024, the increase in India's year-by-year imports  from Ghana was explained primarily by an increase in product imports  in Iron And Steel ($634k or 168%), Aluminium, Products Of Aluminm ($550k or 51.1%), and Cocoa Products ($370k or 470%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$11.1M(12.8%)
IMPORT GROWTH (November 2023 - November 2024)$150M(277%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Ghana and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ghana and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $1.1B to Ghana. The main products exported from India to Ghana were Refined Petroleum ($187M), Packaged Medicaments ($112M), and Large Construction Vehicles ($73.8M). During the last 5 years the exports of India to Ghana have increased at an annualized rate of 7.53%, from $765M in 2018 to $1.1B in 2023.

In 2018, Ghana exported $2.26B to India. The main products exported from Ghana to India were Gold ($1.85B), Coconuts, Brazil Nuts, and Cashews ($240M), and Rough Wood ($51.4M). During the last 5 years the exports of Ghana to India have decreased at an annualized rate of 17.3%, from $5.86B in 2023 to $2.26B in 2018.

Exports from India (Flag) to Ghana (Flag) (2023)

Exports from Ghana (Flag) to India (Flag) (2023)

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from India than Ghana included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Ghana than India included Switzerland ($6.49B), Burkina Faso ($574M), and Mali ($165M).

Difference in imports from Ghana (Flag) and India (Flag) (2023)

Comparative Advantage India - Ghana

Flow
Scale

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

During 2023, India had a large net trade with Ghana in the exports of Chemical Products ($240M), Machines ($201M), and Mineral Products ($194M).

During 2018, Ghana had a large net trade with India in the exports of Precious Metals ($1.86B), Vegetable Products ($263M), and Wood Products ($76.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Ghana+$88.4MRefined Petroleum
Top Product Potential Ghana India+$495MGold

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

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

Product Space of India (Flag) and Ghana (Flag) (2023)

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