Sri Lanka (LKA) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Sri Lanka-Ghana Trade: In 2023, Sri Lanka exported $12.9M to Ghana. The main products that Sri Lanka exported to Ghana were Tea ($6.63M), Baked Goods ($2.55M), and Activated Carbon ($1.49M). Over the past 5 years the exports of Sri Lanka to Ghana have increased at an annualized rate of 23.5%, from $4.49M in 2018 to $12.9M in 2023.

In 2023, Sri Lanka did not export any services to Ghana.

Ghana-Sri Lanka Trade: In 2023, Ghana exported $182k to Sri Lanka. The main products that Ghana exported to Sri Lanka were Rough Wood ($112k), Rubber ($27.1k), and Live Fish ($22.3k). Over the past 5 years the exports of Ghana to Sri Lanka have decreased at an annualized rate of 25.4%, from $788k in 2018 to $182k in 2023.

In 2023, Ghana did not export any services to Sri Lanka.

Comparison: In 2023, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B). That same year, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sri Lanka exported $12.9M to Ghana. The main products exported from Sri Lanka to Ghana were Tea ($6.63M), Baked Goods ($2.55M), and Activated Carbon ($1.49M). During the last 5 years the exports of Sri Lanka to Ghana have increased at an annualized rate of 23.5%, from $4.49M in 2018 to $12.9M in 2023.

In 2018, Ghana exported $182k to Sri Lanka. The main products exported from Ghana to Sri Lanka were Rough Wood ($112k), Rubber ($27.1k), and Live Fish ($22.3k). During the last 5 years the exports of Ghana to Sri Lanka have decreased at an annualized rate of 25.4%, from $788k in 2023 to $182k in 2018.

Exports from Sri Lanka () to Ghana () (2023)

Exports from Ghana () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Ghana ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

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Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Sri Lanka than Ghana included United States ($2.98B), Germany ($906M), and United Kingdom ($900M).

In 2023, countries that imported more from Ghana than Sri Lanka included Switzerland ($6.49B), United Arab Emirates ($4.93B), and South Africa ($1.85B).

Difference in imports from Ghana () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Ghana in the exports of Vegetable Products ($7.18M), Foodstuffs ($3.05M), and Chemical Products ($1.61M).

During 2018, Ghana had a large net trade with Sri Lanka in the exports of Wood Products ($112k), Plastics and Rubbers ($27.1k), and Animal Products ($22.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Sri Lanka Ghana+$2.68kTea

Top Product Potential Ghana Sri Lanka+$5.05kGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Ghana () (2023)

Exports from Ghana () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Ghana ()

Sri Lanka Exports

Ghana Exports

Market Competitiveness

Difference in imports from Ghana () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Ghana () (2023)

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