Thailand (THA) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Thailand-Ghana Trade: In 2023, Thailand exported $128M to Ghana. The main products that Thailand exported to Ghana were Rice ($26.8M), Raw Sugar ($11.4M), and Flavored Water ($10.6M). Over the past 5 years the exports of Thailand to Ghana have decreased at an annualized rate of 11.2%, from $231M in 2018 to $128M in 2023.

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

Ghana-Thailand Trade: In 2023, Ghana exported $84.8M to Thailand. The main products that Ghana exported to Thailand were Crude Petroleum ($80.9M), Cocoa Paste ($1.8M), and Scrap Aluminium ($448k). Over the past 5 years the exports of Ghana to Thailand have increased at an annualized rate of 60.3%, from $8.01M in 2018 to $84.8M in 2023.

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

Comparison: In 2023, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). That same year, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Thailand exported $128M to Ghana. The main products exported from Thailand to Ghana were Rice ($26.8M), Raw Sugar ($11.4M), and Flavored Water ($10.6M). During the last 5 years the exports of Thailand to Ghana have decreased at an annualized rate of 11.2%, from $231M in 2018 to $128M in 2023.

In 2018, Ghana exported $84.8M to Thailand. The main products exported from Ghana to Thailand were Crude Petroleum ($80.9M), Cocoa Paste ($1.8M), and Scrap Aluminium ($448k). During the last 5 years the exports of Ghana to Thailand have increased at an annualized rate of 60.3%, from $8.01M in 2023 to $84.8M in 2018.

Exports from Thailand () to Ghana () (2023)

Exports from Ghana () to Thailand () (2023)

Latest Data

Trade between Thailand () and Ghana ()

Thailand Exports

Date

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$58.5B

Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Thailand than Ghana included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

In 2023, countries that imported more from Ghana than Thailand included Switzerland ($6.49B), Burkina Faso ($574M), and Togo ($261M).

Difference in imports from Ghana () and Thailand () (2023)

Comparative Advantage Thailand - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Thailand had a large net trade with Ghana in the exports of Foodstuffs ($29.1M), Vegetable Products ($27.8M), and Plastics and Rubbers ($20.9M).

During 2018, Ghana had a large net trade with Thailand in the exports of Mineral Products ($80.9M), Foodstuffs ($1.84M), and Metals ($1.14M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Ghana+$4.3MRice

Top Product Potential Ghana Thailand+$78.4MCrude 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

Year

This visualization shows the product space at the HS4 level with the flags of Thailand and Ghana. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Ghana. Similarly, a dot/product with the flag of Ghana indicates it has a comparative advantage over Thailand.

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Ghana () (2023)

Exports from Ghana () to Thailand () (2023)

Latest Data

Trade between Thailand () and Ghana ()

Thailand Exports

Ghana Exports

Market Competitiveness

Difference in imports from Ghana () and Thailand () (2023)

Comparative Advantage Thailand - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Thailand () and Ghana () (2023)

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