Russia (RUS) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Russia (RUS) and Ghana (GHA) Trade

2021

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Exports $166MRnk 96 / 192

2021

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About

Russia-Ghana In 2021, Russia exported $166M to Ghana. The main products that Russia exported to Ghana are Wheat ($58.2M), Nitrogenous Fertilizers ($36.9M), and Hot-Rolled Iron Bars ($22.4M). During the last 25 years the exports of Russia to Ghana have increased at an annualized rate of 15%, from $5.09M in 1996 to $166M in 2021.

In 2020, Russia exported services to Ghana worth $380k, with Other business services ($109k), Transportation ($91k), and Financial services ($86k) being the largest in terms of value.

Ghana-Russia In 2021, Ghana exported $76.7M to Russia. The main products that Ghana exported to Russia were Cocoa Paste ($50.6M), Cocoa Powder ($18M), and Cocoa Beans ($6.2M). During the last 25 years the exports of Ghana to Russia have increased at an annualized rate of 3.87%, from $29.7M in 1996 to $76.7M in 2021.

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

Comparison In 2021, Russia ranked 45 in the Economic Complexity Index (ECI 0.46), and 10 in total exports ($484B). That same year, Ghana ranked 118 in the Economic Complexity Index (ECI -1.27), and 84 in total exports ($14.1B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $9.2M and imported $7M from Ghana, resulting in a positive trade balance of $2.2M. Between January 2021 and January 2022 the exports of Russia have increased by $5.76M (168%) from $3.44M to $9.2M, while imports increased by $1.34M (23.7%) from $5.66M to $7M.

Trade In January 2022, the top exports of Russia to Ghana were Nitrogenous Fertilizers ($2.28M), Refined Petroleum ($286k), Mixed Mineral or Chemical Fertilizers ($234k), Shaving Products ($126k), and Potassic Fertilizers ($109k). In January 2022 the top imports of Russia from Ghana were Cocoa Paste ($3.66M), Cocoa Beans ($938k), Cocoa Powder ($845k), Veneer Sheets ($91.2k), and Sawn Wood ($58.8k).

Origins In January 2022 the exports of Russia were mainly from VOLOGDA REGION ($5.23M), TULA REGION ($1.46M), REPUBLIC OF KARELIA ($610k), VOLGOGRAD REGION ($568k), and STAVROPOL TERRITORY ($459k), while imports destinations were mainly MOSCOW REGION ($2.18M), VLADIMIR REGION ($1.39M), TOMSK REGION ($1.23M), KALININGRAD REGION ($738k), and PENZA REGION ($410k).

Growth In January 2022, the increase in Russia's year-by-year exports to Ghana was explained primarily by an increase in product exports in Nitrogenous Fertilizers ($596k or 35.4%). In January 2022, the increase in Russia's year-by-year imports from Ghana was explained primarily by an increase in product imports in Cocoa Paste ($1.86M or 103%), Cocoa Beans ($367k or 64.3%), and Veneer Sheets ($62.7k or 220%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2021 - January 2022)$5.76M(168%)

IMPORT GROWTH (January 2021 - January 2022)$1.34M(23.7%)

MAIN EXPORTER (January 2022)VOLOGDA REGION$5.23M

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Russia exported $166M to Ghana. The main products exported from Russia to Ghana were Wheat ($58.2M), Nitrogenous Fertilizers ($36.9M), and Hot-Rolled Iron Bars ($22.4M). During the last 25 years the exports of Russia to Ghana have increased at an annualized rate of 15%, from $5.09M in 1996 to $166M in 2021.

In 2021, Ghana exported $76.7M to Russia. The main products exported from Ghana to Russia were Cocoa Paste ($50.6M), Cocoa Powder ($18M), and Cocoa Beans ($6.2M). During the last 25 years the exports of Ghana to Russia have increased at an annualized rate of 3.87%, from $29.7M in 1996 to $76.7M in 2021.

Exports from Russia () to Ghana () (2021)

Exports from Ghana () to Russia () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$70.9B

Ghana
Top DestinationSwitzerland$2.44B

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

In 2021, countries that imported more from Russia than Ghana were China ($70.9B), Netherlands ($39B), and United States ($27.4B).

In 2021, countries that imported more from Ghana than Russia were Burkina Faso ($264M), Niger ($52.7M), and Sao Tome and Principe ($72.9k).

Difference in imports from Ghana () and Russia () (2021)

Comparative Advantage Russia - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Russia had a large net trade with Ghana in the exports of Vegetable Products ($58.7M), Chemical Products ($46.4M), and Metals ($30.9M).

During 2021, Ghana had a large net trade with Russia in the exports of Foodstuffs ($75M), Wood Products ($1.03M), and Vegetable Products ($503k).

Service Trade

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Ghana worth $380k, with Other business services ($109k), Transportation ($91k), and Financial services ($86k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Ghana () (2020)

Economic Complexity

Competitive Landscape

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 Russia has comparative advantage over Ghana. Similarly, the more yellow a dot/product is, the more Ghana has comparative advantage over Russia.

Product Space of Russia () and Ghana () (2021)

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