Turkey (TUR) and Ghana (GHA) Trade | The Observatory of Economic Complexity

About

Turkey-Ghana Trade: In 2023, Turkey exported $274M to Ghana. The main products that Turkey exported to Ghana were Pasta ($42.8M), Wheat Flours ($27.9M), and Insulated Wire ($13.4M). Over the past 5 years the exports of Turkey to Ghana have decreased at an annualized rate of 4.43%, from $344M in 2018 to $274M in 2023.

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

Ghana-Turkey Trade: In 2023, Ghana exported $614M to Turkey. The main products that Ghana exported to Turkey were Gold ($492M), Cocoa Beans ($66.3M), and Raw Lead ($15.8M). Over the past 5 years the exports of Ghana to Turkey have increased at an annualized rate of 37.5%, from $90.8M in 2018 to $614M in 2023.

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

Comparison: In 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). 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, Turkey exported $274M to Ghana. The main products exported from Turkey to Ghana were Pasta ($42.8M), Wheat Flours ($27.9M), and Insulated Wire ($13.4M). During the last 5 years the exports of Turkey to Ghana have decreased at an annualized rate of 4.43%, from $344M in 2018 to $274M in 2023.

In 2018, Ghana exported $614M to Turkey. The main products exported from Ghana to Turkey were Gold ($492M), Cocoa Beans ($66.3M), and Raw Lead ($15.8M). During the last 5 years the exports of Ghana to Turkey have increased at an annualized rate of 37.5%, from $90.8M in 2023 to $614M in 2018.

Exports from Turkey () to Ghana () (2023)

Exports from Ghana () to Turkey () (2023)

Latest Data

Trade between Turkey () and Ghana ()

Turkey Exports

Date

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Turkey than Ghana included Germany ($24.7B), United Kingdom ($15.1B), and United States ($15.9B).

In 2023, countries that imported more from Ghana than Turkey included Switzerland ($6.49B), South Africa ($1.85B), and Burkina Faso ($574M).

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

Comparative Advantage Turkey - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkey had a large net trade with Ghana in the exports of Foodstuffs ($58.3M), Machines ($46.8M), and Vegetable Products ($29.6M).

During 2018, Ghana had a large net trade with Turkey in the exports of Precious Metals ($492M), Foodstuffs ($88.4M), and Metals ($21.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Ghana+$5.72MIron Structures

Top Product Potential Ghana Turkey+$23.7MGold

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Ghana () (2023)

Exports from Ghana () to Turkey () (2023)

Latest Data

Trade between Turkey () and Ghana ()

Turkey Exports

Ghana Exports

Market Competitiveness

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

Comparative Advantage Turkey - Ghana

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring