Uruguay (URY) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Uruguay-Ghana Trade: In 2022, Uruguay exported $1.66M to Ghana. The main products that Uruguay exported to Ghana were Non-fillet Frozen Fish ($415k), Animal Organs ($390k), and Concentrated Milk ($375k). Over the past 5 years the exports of Uruguay to Ghana have increased at an annualized rate of 3.37%, from $1.41M in 2017 to $1.66M in 2022.

In 2022, Uruguay did not export any services to Ghana.

Ghana-Uruguay Trade: In 2022, Ghana exported $968k to Uruguay. The main products that Ghana exported to Uruguay were Cocoa Paste ($819k), Cocoa Shells ($139k), and Cereal Flours ($10.1k). Over the past 5 years the exports of Ghana to Uruguay have decreased at an annualized rate of 9.93%, from $3.06M in 2017 to $968k in 2022.

In 2022, Ghana did not export any services to Uruguay.

Comparison: In 2022, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). That same year, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $1.66M to Ghana. The main products exported from Uruguay to Ghana were Non-fillet Frozen Fish ($415k), Animal Organs ($390k), and Concentrated Milk ($375k). During the last 5 years the exports of Uruguay to Ghana have increased at an annualized rate of 3.37%, from $1.41M in 2017 to $1.66M in 2022.

In 2017, Ghana exported $968k to Uruguay. The main products exported from Ghana to Uruguay were Cocoa Paste ($819k), Cocoa Shells ($139k), and Cereal Flours ($10.1k). During the last 5 years the exports of Ghana to Uruguay have decreased at an annualized rate of 9.93%, from $3.06M in 2022 to $968k in 2017.

Exports from Uruguay () to Ghana () (2022)

Exports from Ghana () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Ghana ()

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Ghana
Top DestinationUnited Arab Emirates$4.72B

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

In 2022, countries that imported more from Uruguay than Ghana included Brazil ($1.69B), Argentina ($999M), and China ($2.89B).

In 2022, countries that imported more from Ghana than Uruguay included United Arab Emirates ($4.72B), Switzerland ($3.37B), and United States ($2.83B).

Difference in imports from Ghana () and Uruguay () (2022)

Comparative Advantage Uruguay - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Ghana in the exports of Animal Products ($1.31M) and Plastics and Rubbers ($351k).

During 2017, Ghana had a large net trade with Uruguay in the exports of Foodstuffs ($958k), Vegetable Products ($10.1k), and Wood Products ($378).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Ghana+$497kConcentrated Milk

Top Product Potential Ghana Uruguay+$244kCocoa Paste

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 Uruguay and Ghana. This means that a dot/product with the flag of Uruguay indicates it has a comparative advantage over Ghana. Similarly, a dot/product with the flag of Ghana indicates it has a comparative advantage over Uruguay.

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Ghana () (2022)

Exports from Ghana () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Ghana ()

Uruguay Exports

Market Competitiveness

Difference in imports from Ghana () and Uruguay () (2022)

Comparative Advantage Uruguay - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Uruguay () and Ghana () (2022)

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