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2023
Flag → Flag
Exports $214MRnk 102 / 219
2023
Flag → Flag
Top Product $10.2MGas Turbines
2023
Flag → Flag
Exports $748MRnk 8 / 172
2023
Flag → Flag
Top Product $551MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.97Rnk 109 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 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 $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$2,260CURRENT US$
Rnk 152 / 196
2013-2023
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GDP PC GROWTH-1.47%CURRENT US$
Rnk 154 / 195

About

Italy-Ghana Trade: In 2023, Italy exported $214M to Ghana. The main products that Italy exported to Ghana were Gas Turbines ($10.2M), Washing and Bottling Machines ($8.63M), and Industrial Food Preperation Machinery ($7.99M). Over the past 5 years the exports of Italy to Ghana have decreased at an annualized rate of 7.83%, from $322M in 2018 to $214M in 2023.

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

Ghana-Italy Trade: In 2023, Ghana exported $748M to Italy. The main products that Ghana exported to Italy were Crude Petroleum ($551M), Raw Aluminium ($64.2M), and Cocoa Beans ($35M). Over the past 5 years the exports of Ghana to Italy have increased at an annualized rate of 34.4%,  from $171M in 2018 to $748M in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B).

Latest Trends

September, 2024

About

Overview In September 2024, Italy exported €1.23M and imported €80.1M from Ghana, resulting in a negative trade balance of €78.8M. Between September 2023 and September 2024 the exports of Italy have decreased by €-2.21M (-64.3%) from €3.44M to €1.23M, while imports decreased by €-18.2M (-18.5%) from €98.3M to €80.1M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)€-2.21M(-64.3%)
IMPORT GROWTH (October 2023 - October 2024)€-18.2M(-18.5%)

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

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

For full datasets download visit Bulk Download page.

Explore Ghana and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $214M to Ghana. The main products exported from Italy to Ghana were Gas Turbines ($10.2M), Washing and Bottling Machines ($8.63M), and Industrial Food Preperation Machinery ($7.99M). During the last 5 years the exports of Italy to Ghana have decreased at an annualized rate of 7.83%, from $322M in 2018 to $214M in 2023.

In 2018, Ghana exported $748M to Italy. The main products exported from Ghana to Italy were Crude Petroleum ($551M), Raw Aluminium ($64.2M), and Cocoa Beans ($35M). During the last 5 years the exports of Ghana to Italy have increased at an annualized rate of 34.4%, from $171M in 2023 to $748M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Italy than Ghana included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from Ghana than Italy included Burkina Faso ($574M), Uganda ($237M), and Togo ($261M).

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

Comparative Advantage Italy - Ghana

Flow
Scale

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

During 2023, Italy had a large net trade with Ghana in the exports of Machines ($78.8M), Chemical Products ($37.9M), and Foodstuffs ($18.6M).

During 2018, Ghana had a large net trade with Italy in the exports of Mineral Products ($551M), Foodstuffs ($84.2M), and Metals ($74.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Ghana+$6.67MPackaged Medicaments
Top Product Potential Ghana Italy+$214MCrude Petroleum

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

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

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