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Pricing

2022
Flag → Flag
Exports $37.9kRnk 108 / 141
2022
Flag → Flag
Top Product $10.2kOther Iron Products
2022
Flag → Flag
Exports $16.3kRnk 115 / 133
2022
Flag → Flag
Top Product $11.1kCut Flowers
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
Flag  
GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 186
2022
Flag
 GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC $7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC$2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186

About

Azerbaijan-Ghana Trade: In 2022, Azerbaijan exported $37.9k to Ghana. The main products that Azerbaijan exported to Ghana were Other Iron Products ($10.2k), Electrical Control Boards ($9.96k), and Office Machine Parts ($4.14k). Over the past 5 years the exports of Azerbaijan to Ghana have increased at an annualized rate of 131%, from $574 in 2017 to $37.9k in 2022.

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

Ghana-Azerbaijan Trade: In 2022, Ghana exported $16.3k to Azerbaijan. The main products that Ghana exported to Azerbaijan were Cut Flowers ($11.1k), Plant foliage ($3.83k), and Tropical Fruits ($572). Over the past 5 years the exports of Ghana to Azerbaijan have decreased at an annualized rate of 10.8%,  from $28.8k in 2017 to $16.3k in 2022.

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

Comparison: In 2022,  Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). 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
Value

In 2022, Azerbaijan exported $37.9k to Ghana. The main products exported from Azerbaijan to Ghana were Other Iron Products ($10.2k), Electrical Control Boards ($9.96k), and Office Machine Parts ($4.14k). During the last 5 years the exports of Azerbaijan to Ghana have increased at an annualized rate of 131%, from $574 in 2017 to $37.9k in 2022.

In 2017, Ghana exported $16.3k to Azerbaijan. The main products exported from Ghana to Azerbaijan were Cut Flowers ($11.1k), Plant foliage ($3.83k), and Tropical Fruits ($572). During the last 5 years the exports of Ghana to Azerbaijan have decreased at an annualized rate of 10.8%, from $28.8k in 2022 to $16.3k in 2017.

Exports from Azerbaijan (Flag) to Ghana (Flag) (2022)

Exports from Ghana (Flag) to Azerbaijan (Flag) (2022)

Latest Data

Trade between Azerbaijan (Flag) and Ghana (Flag)

Azerbaijan Exports

Ghana Exports

Date

Market Competitiveness

Color
Azerbaijan
Top DestinationItaly$18.3B
Ghana
Top DestinationUnited Arab Emirates$4.72B

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

In 2022, countries that imported more from Azerbaijan than Ghana included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Difference in imports from Ghana (Flag) and Azerbaijan (Flag) (2022)

Comparative Advantage Azerbaijan - Ghana

Flow
Scale

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

During 2022, Azerbaijan had a large net trade with Ghana in the exports of Machines ($17.4k), Metals ($14.1k), and Instruments ($2.57k).

During 2017, Ghana had a large net trade with Azerbaijan in the exports of Vegetable Products ($15.5k), Machines ($467), and Foodstuffs ($328).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Azerbaijan Ghana+$24.8kOther Iron Products
Top Product Potential Ghana Azerbaijan+$5.75kTropical Fruits

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

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

Product Space of Azerbaijan (Flag) and Ghana (Flag) (2022)

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