Flag Russia / Ghana Flag

2020
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Exports
: $119M, Rnk 98 / 187

2020
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Top Product
: $48.6M, Wheat

2020
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Exports
: $71.2M, Rnk 27 / 124

2020
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Top Product
: $38M, Cocoa Paste

2020
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Economic Complexity (ECI)
: ECI 0.5, Rnk 43 / 127

2020
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Economic Complexity (ECI)
: ECI -1.32, Rnk 120 / 127

2020
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GDP
: $1.48T, CURRENT US$
Rnk 11 / 195

2010-2020
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GDP GROWTH
: -2.72%, CURRENT US$
Rnk 164 / 195

2020
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 GDP
: $68.5B, CURRENT US$
Rnk 73 / 195

2010-2020
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GDP GROWTH
: 113%, CURRENT US$
Rnk 15 / 195

2020
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GDP PC 
: $10,127, CURRENT US$
Rnk 70 / 195

2010-2020
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GDP PC GROWTH
: -5.14%, CURRENT US$
Rnk 154 / 195

2020
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GDP PC
: $2,206, CURRENT US$
Rnk 146 / 195

2010-2020
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GDP PC GROWTH
: 69.7%, CURRENT US$
Rnk 18 / 195

Russia-Ghana In 2020, Russia exported $119M to Ghana. The main products that Russia exported to Ghana are Wheat ($48.6M), Nitrogenous Fertilizers ($23M), and Mixed Mineral or Chemical Fertilizers ($13.6M). During the last 24 years the exports of Russia to Ghana have increased at an annualized rate of 14%, from $5.1M in 1996 to $119M in 2020.

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 2020, Ghana exported $71.2M to Russia. The main products that Ghana exported to Russia were Cocoa Paste ($38M), Cocoa Powder ($15.9M), and Cocoa Beans ($15.7M). During the last 24 years the exports of Ghana to Russia have increased at an annualized rate of 3.71%, from $29.7M in 1996 to $71.2M in 2020.

In 2020, Ghana did not export any services to Russia.

Comparison In 2020,  Russia ranked 43 in the Economic Complexity Index (ECI 0.5), and 13 in total exports ($330B). That same year, Ghana ranked 120 in the Economic Complexity Index (ECI -1.32), and 80 in total exports ($13.1B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Russia exported $119M to Ghana. The main products exported from Russia to Ghana were Wheat ($48.6M), Nitrogenous Fertilizers ($23M), and Mixed Mineral or Chemical Fertilizers ($13.6M). During the last 24 years the exports of Russia to Ghana have increased at an annualized rate of 14%, from $5.1M in 1996 to $119M in 2020.

In 2020, Ghana exported $71.2M to Russia. The main products exported from Ghana to Russia were Cocoa Paste ($38M), Cocoa Powder ($15.9M), and Cocoa Beans ($15.7M). During the last 24 years the exports of Ghana to Russia have increased at an annualized rate of 3.71%, from $29.7M in 1996 to $71.2M in 2020.

Market Competitiveness

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Measure

Russia
Top Destination
: China, $49.3B

Ghana
Top Destination
: Switzerland, $3.07B

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 2019, countries that imported more from Russia than Ghana were China ($49.3B), United Kingdom ($25.3B), and Netherlands ($22.5B).

In 2019, countries that imported more from Ghana than Russia were Burkina Faso ($254M), Switzerland ($3.07B), and Niger ($62.1M).

Comparative Advantage Russia - Ghana

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Flow

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

During 2020, Russia had a large net trade with Ghana in the exports of Vegetable Products ($48.6M), Chemical Products ($43.9M), and Paper Goods ($15.7M).

During 2020, Ghana had a large net trade with Russia in the exports of Foodstuffs ($69.6M), Wood Products ($693k), and Metals ($490k).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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.