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2023
Flag → Flag
Exports $197MRnk 74 / 221
2023
Flag → Flag
Top Product $51.9MPalm Oil
2023
Flag → Flag
Exports $295MRnk 15 / 172
2023
Flag → Flag
Top Product $112MCocoa Beans
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.97Rnk 109 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 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 $11,379CURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 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

Malaysia-Ghana Trade: In 2023, Malaysia exported $197M to Ghana. The main products that Malaysia exported to Ghana were Palm Oil ($51.9M), Malt Extract ($28.2M), and Raw Iron Bars ($12.4M). Over the past 5 years the exports of Malaysia to Ghana have decreased at an annualized rate of 10%, from $333M in 2018 to $197M in 2023.

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

Ghana-Malaysia Trade: In 2023, Ghana exported $295M to Malaysia. The main products that Ghana exported to Malaysia were Cocoa Beans ($112M), Crude Petroleum ($76.1M), and Rubber ($51.5M). Over the past 5 years the exports of Ghana to Malaysia have increased at an annualized rate of 4.06%,  from $242M in 2018 to $295M in 2023.

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

Comparison: In 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B). That same year, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B).

Latest Trends

December, 2024

About

Overview In December 2024, Malaysia exported MYR107M and imported MYR144M from Ghana, resulting in a negative trade balance of MYR36.9M. Between December 2023 and December 2024 the exports of Malaysia have decreased by MYR-176k (-0.16%) from MYR107M to MYR107M, while imports increased by MYR70.4M (95.5%) from MYR73.7M to MYR144M.

Trade In December 2024, the top exports of Malaysia to Ghana were Palm Oil (MYR45.5M), Hot-Rolled Iron Bars (MYR31.2M), Synthetic Filament Tow (MYR2.81M), Malt Extract (MYR2.72M), and Coated Flat-Rolled Iron (MYR2.53M). In December 2024 the top imports of Malaysia from Ghana were Cocoa Beans (MYR36.9M), Other Pure Vegetable Oils (MYR30.5M), Rubber (MYR25M), Cocoa Paste (MYR4.07M), and Copper Foil (MYR696k).

Growth In December 2024, the decrease in Malaysia's year-by-year exports to Ghana was explained primarily by an decrease in product exports in Soap (MYR-1.09M or -39.2%), Malt Extract (MYR-705k or -20.6%), and Centrifuges (MYR-290k or -90.1%). In December 2024, the increase in Malaysia's year-by-year imports  from Ghana was explained primarily by an increase in product imports  in Other Pure Vegetable Oils (MYR17.1M or 128%), Cocoa Beans (MYR15.9M or 76.1%), and Rubber (MYR11.6M or 86.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)MYR-176k(-0.16%)
IMPORT GROWTH (December 2023 - December 2024)MYR70.4M(95.5%)

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

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

For full datasets download visit Bulk Download page.

Explore Ghana and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $197M to Ghana. The main products exported from Malaysia to Ghana were Palm Oil ($51.9M), Malt Extract ($28.2M), and Raw Iron Bars ($12.4M). During the last 5 years the exports of Malaysia to Ghana have decreased at an annualized rate of 10%, from $333M in 2018 to $197M in 2023.

In 2018, Ghana exported $295M to Malaysia. The main products exported from Ghana to Malaysia were Cocoa Beans ($112M), Crude Petroleum ($76.1M), and Rubber ($51.5M). During the last 5 years the exports of Ghana to Malaysia have increased at an annualized rate of 4.06%, from $242M in 2023 to $295M in 2018.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Malaysia than Ghana included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

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

Comparative Advantage Malaysia - Ghana

Flow
Scale

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

During 2023, Malaysia had a large net trade with Ghana in the exports of Animal and Vegetable Bi-Products ($54.9M), Metals ($38.1M), and Foodstuffs ($30M).

During 2018, Ghana had a large net trade with Malaysia in the exports of Foodstuffs ($124M), Mineral Products ($76.1M), and Plastics and Rubbers ($52.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Ghana+$26.2MRefined Petroleum
Top Product Potential Ghana Malaysia+$69.2MCrude 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 Malaysia and Ghana. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Ghana. Similarly, a dot/product with the flag of Ghana indicates it has a comparative advantage over Malaysia.

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

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