Bangladesh (BGD) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Bangladesh-Ghana Trade: In 2023, Bangladesh exported $3.42M to Ghana. The main products that Bangladesh exported to Ghana were Drilling Machines ($628k), Packaged Medicaments ($617k), and Looms ($445k). Over the past 6 years the exports of Bangladesh to Ghana have increased at an annualized rate of 24.6%, from $911k in 2017 to $3.42M in 2023.

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

Ghana-Bangladesh Trade: In 2023, Ghana exported $38.1k to Bangladesh. The main products that Ghana exported to Bangladesh were Cocoa Powder ($20.1k), Motor-working Tools ($9.16k), and Refined Petroleum ($8.11k). Over the past 6 years the exports of Ghana to Bangladesh have decreased at an annualized rate of 23%, from $141k in 2017 to $38.1k in 2023.

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

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). 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, Bangladesh exported $3.42M to Ghana. The main products exported from Bangladesh to Ghana were Drilling Machines ($628k), Packaged Medicaments ($617k), and Looms ($445k). During the last 6 years the exports of Bangladesh to Ghana have increased at an annualized rate of 24.6%, from $911k in 2017 to $3.42M in 2023.

In 2018, Ghana exported $38.1k to Bangladesh. The main products exported from Ghana to Bangladesh were Cocoa Powder ($20.1k), Motor-working Tools ($9.16k), and Refined Petroleum ($8.11k). During the last 5 years the exports of Ghana to Bangladesh have decreased at an annualized rate of 23%, from $141k in 2023 to $38.1k in 2018.

Exports from Bangladesh () to Ghana () (2023)

Exports from Ghana () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Ghana ()

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Bangladesh than Ghana included Germany ($8.28B), United States ($8.58B), and United Kingdom ($4.25B).

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

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

Comparative Advantage Bangladesh - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Ghana in the exports of Machines ($1.41M), Textiles ($758k), and Chemical Products ($667k).

During 2018, Ghana had a large net trade with Bangladesh in the exports of Foodstuffs ($20.1k), Machines ($9.28k), and Mineral Products ($8.11k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Ghana+$3.91kKnit T-shirts

Top Product Potential Ghana Bangladesh+$6.86kGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Ghana () (2023)

Exports from Ghana () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Ghana ()

Ghana Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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