Norway (NOR) and Ghana (GHA) Trade | OEC - The Observatory of Economic Complexity

About

Norway-Ghana In 2021, Norway exported $36.5M to Ghana. The main products that Norway exported to Ghana are Non-fillet Frozen Fish ($10.7M), Machinery Having Individual Functions ($8.58M), and Valves ($3.39M). During the last 26 years the exports of Norway to Ghana have increased at an annualized rate of 7.28%, from $5.88M in 1995 to $36.5M in 2021.

In 2021, Norway did not export any services to Ghana.

Ghana-Norway In 2021, Ghana exported $1.48M to Norway. The main products that Ghana exported to Norway were Other Processed Fruits and Nuts ($442k), Coconuts, Brazil Nuts, and Cashews ($211k), and Non-Knit Women's Shirts ($155k). During the last 26 years the exports of Ghana to Norway have decreased at an annualized rate of 3.29%, from $3.53M in 1995 to $1.48M in 2021.

In 2021, Ghana did not export any services to Norway.

Comparison In 2021, Norway ranked 38 in the Economic Complexity Index (ECI 0.69), and 33 in total exports ($164B). That same year, Ghana ranked 118 in the Economic Complexity Index (ECI -1.27), and 84 in total exports ($14.1B).

Latest Trends

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June, 2023

About

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Overview In June 2023, Norway exported NOK119M and imported NOK2.36M from Ghana, resulting in a positive trade balance of NOK116M. Between June 2022 and June 2023 the exports of Norway have decreased by NOK-8.21M (-6.46%) from NOK127M to NOK119M, while imports increased by NOK1.2M (103%) from NOK1.16M to NOK2.36M.

Trade In June 2023, the top exports of Norway to Ghana were Fish (not marine mammals), crustaceans, molluscs... (NOK5.82M), Miscellaneous edible products and preparations (NOK2.46M), Organic chemicals (NOK1.66M), Dairy products and birds' eggs (NOK1.1M), and Manufactures of metals, n.e.s. (NOK1.02M). In June 2023 the top imports of Norway from Ghana were Machinery specialized for particular industries (NOK2.2M), Professional, scientific and controlling instruments and... (NOK389k), Articles of apparel and clothing accessories (NOK280k), Vegetables and fruit (NOK238k), and General industrial machinery and equipment, n.e.s.,... (NOK76k).

Growth In June 2023, the decrease in Norway's year-by-year exports to Ghana was explained primarily by an decrease in product exports in Chemical materials and products, n.e.s. (NOK-29.8M or -100%), Miscellaneous manufactured articles, n.e.s. (NOK-2.22M or -90.6%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-570k or -88.5%). In June 2023, the increase in Norway's year-by-year imports from Ghana was explained primarily by an increase in product imports in Miscellaneous edible products and preparations (NOK18k or 1.8k%), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK18k or 69.2%), and Fixed vegetable fats and oils, crude,... (NOK15k or 68.2%).

Latest Trade

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Flow

Time Scale

Value

EXPORT GROWTH (June 2022 - June 2023): NOK-8.21M, (-6.46%)

IMPORT GROWTH (June 2022 - June 2023): NOK1.2M, (103%)

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.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Norway exported $36.5M to Ghana. The main products exported from Norway to Ghana were Non-fillet Frozen Fish ($10.7M), Machinery Having Individual Functions ($8.58M), and Valves ($3.39M). During the last 26 years the exports of Norway to Ghana have increased at an annualized rate of 7.28%, from $5.88M in 1995 to $36.5M in 2021.

In 2021, Ghana exported $1.48M to Norway. The main products exported from Ghana to Norway were Other Processed Fruits and Nuts ($442k), Coconuts, Brazil Nuts, and Cashews ($211k), and Non-Knit Women's Shirts ($155k). During the last 26 years the exports of Ghana to Norway have decreased at an annualized rate of 3.29%, from $3.53M in 1995 to $1.48M in 2021.

Market Competitiveness

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Color

SectionYear

Norway
Top Destination: United Kingdom, $33.5B

Ghana
Top Destination: Switzerland, $2.44B

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 2021, countries that imported more from Norway than Ghana were United Kingdom ($33.5B), Germany ($31.5B), and Sweden ($13.7B).

In 2021, countries that imported more from Ghana than Norway were Switzerland ($2.44B), United Arab Emirates ($1.73B), and South Africa ($546M).

Comparative Advantage Norway - Ghana

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Flow

Scale

Year

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

During 2021, Norway had a large net trade with Ghana in the exports of Machines ($15.5M), Animal Products ($11.5M), and Instruments ($2.56M).

During 2021, Ghana had a large net trade with Norway in the exports of Foodstuffs ($480k), Vegetable Products ($254k), and Textiles ($215k).

Economic Complexity

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Competitive Landscape

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Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Norway has comparative advantage over Ghana. Similarly, the more yellow a dot/product is, the more Ghana has comparative advantage over Norway.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Norway - Ghana

Economic Complexity

Competitive Landscape

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