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2022
Flag → Flag
Exports $67MRnk 80 / 209
2022
Flag → Flag
Top Product $11.1MNon-fillet Frozen Fish
2022
Flag → Flag
Exports $6.26MRnk 62 / 133
2022
Flag → Flag
Top Product $368kMachinery Having Individual Functions
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
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GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$2,176CURRENT US$
Rnk 147 / 186
2012-2022
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GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186

About

Norway-Ghana Trade: In 2022, Norway exported $67M to Ghana. The main products that Norway exported to Ghana were Non-fillet Frozen Fish ($11.1M), Gas and Liquid Flow Measuring Instruments ($7.05M), and Machinery Having Individual Functions ($5.28M). Over the past 5 years the exports of Norway to Ghana have increased at an annualized rate of 62.7%, from $5.88M in 2017 to $67M in 2022.

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

Ghana-Norway Trade: In 2022, Ghana exported $6.26M to Norway. The main products that Ghana exported to Norway were Machinery Having Individual Functions ($368k), Other Processed Fruits and Nuts ($331k), and Non-Knit Women's Shirts ($142k). Over the past 5 years the exports of Ghana to Norway have increased at an annualized rate of 9.75%,  from $3.93M in 2017 to $6.26M in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Latest Trends

May, 2024

About

Overview In May 2024, Norway exported NOK89.1M and imported NOK644k from Ghana, resulting in a positive trade balance of NOK88.4M. Between May 2023 and May 2024 the exports of Norway have increased by NOK54M (154%) from NOK35.1M to NOK89.1M, while imports decreased by NOK-1.46M (-69.4%) from NOK2.1M to NOK644k.

Trade In May 2024, the top exports of Norway to Ghana were Fish (not marine mammals), crustaceans, molluscs... (NOK12.2M), General industrial machinery and equipment, n.e.s.,... (NOK5.71M), Professional, scientific and controlling instruments and... (NOK2.63M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK2.47M), and Machinery specialized for particular industries (NOK1.35M). In May 2024 the top imports of Norway from Ghana were Vegetables and fruit (NOK756k), Articles of apparel and clothing accessories (NOK341k), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK38k), Fixed vegetable fats and oils, crude,... (NOK16k), and Cereals and cereal preparations (NOK12k).

Growth In May 2024, the increase in Norway's year-by-year exports to Ghana was explained primarily by an increase in product exports in Fish (not marine mammals), crustaceans, molluscs... (NOK6.42M or 110%), General industrial machinery and equipment, n.e.s.,... (NOK5.68M or 21k%), and Professional, scientific and controlling instruments and... (NOK2.62M or 26.2k%). In May 2024, the decrease in Norway's year-by-year imports  from Ghana was explained primarily by an decrease in product imports  in Machinery specialized for particular industries (NOK-2.2M or -100%), Professional, scientific and controlling instruments and... (NOK-389k or -100%), and General industrial machinery and equipment, n.e.s.,... (NOK-76k or -100%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (May 2023 - May 2024)NOK54M(154%)
IMPORT GROWTH (May 2023 - May 2024)NOK-1.46M(-69.4%)

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

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

For full datasets download visit Bulk Download page.

Explore Ghana and Norway Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $67M to Ghana. The main products exported from Norway to Ghana were Non-fillet Frozen Fish ($11.1M), Gas and Liquid Flow Measuring Instruments ($7.05M), and Machinery Having Individual Functions ($5.28M). During the last 5 years the exports of Norway to Ghana have increased at an annualized rate of 62.7%, from $5.88M in 2017 to $67M in 2022.

In 2017, Ghana exported $6.26M to Norway. The main products exported from Ghana to Norway were Machinery Having Individual Functions ($368k), Other Processed Fruits and Nuts ($331k), and Non-Knit Women's Shirts ($142k). During the last 22 years the exports of Ghana to Norway have increased at an annualized rate of 9.75%, from $3.93M in 1995 to $6.26M in 2017.

Exports from Norway (Flag) to Ghana (Flag) (2022)

Exports from Ghana (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Ghana
Top DestinationUnited Arab Emirates$4.72B

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

In 2022, countries that imported more from Norway than Ghana included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Difference in imports from Ghana (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Ghana

Flow
Scale

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

During 2022, Norway had a large net trade with Ghana in the exports of Animal Products ($11.8M), Machines ($11.7M), and Instruments ($7.43M).

During 2017, Ghana had a large net trade with Norway in the exports of Machines ($500k), Foodstuffs ($370k), and Vegetable Products ($274k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Ghana+$825kDelivery Trucks
Top Product Potential Ghana Norway+$163kCoconuts, Brazil Nuts, and Cashews

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

Product Space of Norway (Flag) and Ghana (Flag) (2022)

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