Australia (AUS) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Australia-Ghana Trade: In 2023, Australia exported $117M to Ghana. The main products that Australia exported to Ghana were Cyanides ($31.8M), Iron Fasteners ($5.65M), and X-Ray Equipment ($5.37M). Over the past 5 years the exports of Australia to Ghana have increased at an annualized rate of 2.78%, from $102M in 2018 to $117M in 2023.

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

Ghana-Australia Trade: In 2023, Ghana exported $14.6M to Australia. The main products that Ghana exported to Australia were N/A. Over the past 5 years the exports of Ghana to Australia have increased at an annualized rate of 22.4%, from $5.31M in 2018 to $14.6M in 2023.

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

Comparison: In 2023, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B). 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, Australia exported $117M to Ghana. The main products exported from Australia to Ghana were Cyanides ($31.8M), Iron Fasteners ($5.65M), and X-Ray Equipment ($5.37M). During the last 5 years the exports of Australia to Ghana have increased at an annualized rate of 2.78%, from $102M in 2018 to $117M in 2023.

In 2018, Ghana exported $14.6M to Australia. There were not main exports from Ghana to Australia in 2018. During the last 5 years the exports of Ghana to Australia have increased at an annualized rate of 22.4%, from $5.31M in 2023 to $14.6M in 2018.

Exports from Australia () to Ghana () (2023)

Exports from Ghana () to Australia () (2023)

Latest Data

Trade between Australia () and Ghana ()

Australia Exports

Date

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$137B

Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Australia than Ghana included China ($137B), Japan ($59B), and South Korea ($20.9B).

In 2023, countries that imported more from Ghana than Australia included United Arab Emirates ($4.93B), Switzerland ($6.49B), and South Africa ($1.85B).

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

Comparative Advantage Australia - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Australia had a large net trade with Ghana in the exports of Machines ($39.6M), Chemical Products ($35.9M), and Metals ($18.3M).

During 2018, Ghana had a large net trade with Australia in the exports of Foodstuffs ($6.86M), Transportation ($4.13M), and Precious Metals ($1.23M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Ghana+$1.06MExcavation Machinery

Top Product Potential Ghana Australia+$1.02MCocoa 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 Australia and Ghana. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over Ghana. Similarly, a dot/product with the flag of Ghana indicates it has a comparative advantage over Australia.

About

Historical Data

Bilateral Trade by Products

Exports from Australia () to Ghana () (2023)

Exports from Ghana () to Australia () (2023)

Latest Data

Trade between Australia () and Ghana ()

Australia Exports

Ghana Exports

Market Competitiveness

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

Comparative Advantage Australia - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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