2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP
$76.4BCURRENT US$
Rnk 82 / 195
2013-2023
Flag
GDP GROWTH
21.6%CURRENT US$
Rnk 135 / 195
2023
Flag
GDP PC 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195
2023
Flag
GDP PC
$2,260CURRENT US$
Rnk 152 / 196
2013-2023
Flag
GDP PC GROWTH
-1.47%CURRENT US$
Rnk 154 / 195

About

Chile-Ghana Trade: In 2023, Chile exported $25.6M to Ghana. The main products that Chile exported to Ghana were Non-fillet Frozen Fish ($12.3M), Petroleum Gas ($2.96M), and Metal Stoppers ($2.4M). Over the past 5 years the exports of Chile to Ghana have increased at an annualized rate of 3.56%, from $21.5M in 2018 to $25.6M in 2023.

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

Ghana-Chile Trade: In 2023, Ghana exported $218k to Chile. The main products that Ghana exported to Chile were Interchangeable Tool Parts ($69.5k), Veneer Sheets ($44.3k), and Other live plants, cuttings and slips; mushroom spawn ($33.5k). Over the past 5 years the exports of Ghana to Chile have increased at an annualized rate of 3.17%,  from $187k in 2018 to $218k in 2023.

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

Comparison: In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). 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
Value

In 2023, Chile exported $25.6M to Ghana. The main products exported from Chile to Ghana were Non-fillet Frozen Fish ($12.3M), Petroleum Gas ($2.96M), and Metal Stoppers ($2.4M). During the last 5 years the exports of Chile to Ghana have increased at an annualized rate of 3.56%, from $21.5M in 2018 to $25.6M in 2023.

In 2018, Ghana exported $218k to Chile. The main products exported from Ghana to Chile were Interchangeable Tool Parts ($69.5k), Veneer Sheets ($44.3k), and Other live plants, cuttings and slips; mushroom spawn ($33.5k). During the last 5 years the exports of Ghana to Chile have increased at an annualized rate of 3.17%, from $187k in 2023 to $218k in 2018.

Exports from Chile (Flag) to Ghana (Flag) (2023)

Exports from Ghana (Flag) to Chile (Flag) (2023)

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Ghana
Top Destination
Switzerland$6.49B

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

In 2023, countries that imported more from Chile than Ghana included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

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

Difference in imports from Ghana (Flag) and Chile (Flag) (2023)

Comparative Advantage Chile - Ghana

Flow
Scale

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

During 2023, Chile had a large net trade with Ghana in the exports of Animal Products ($12.9M), Metals ($4.7M), and Mineral Products ($2.96M).

During 2018, Ghana had a large net trade with Chile in the exports of Wood Products ($95k), Metals ($69.5k), and Vegetable Products ($33.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Ghana+$484kOther Iron Products
Top Product Potential Ghana Chile+$235kRubber

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

Product Space of Chile (Flag) and Ghana (Flag) (2023)

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