2022
Flag  
GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH
76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC 
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC
$2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH
41.6%CURRENT US$
Rnk 46 / 186

About

Colombia-Ghana Trade: In 2022, Colombia exported $3.26M to Ghana. The main products that Colombia exported to Ghana were Garden Tools ($912k), Lifting Machinery ($816k), and Raw Sugar ($422k). Over the past 5 years the exports of Colombia to Ghana have increased at an annualized rate of 2.91%, from $2.82M in 2017 to $3.26M in 2022.

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

Ghana-Colombia Trade: In 2022, Ghana exported $3.66M to Colombia. The main products that Ghana exported to Colombia were Raw Lead ($3.65M), Basketwork ($6.86k), and Ornamental Ceramics ($396). Over the past 5 years the exports of Ghana to Colombia have increased at an annualized rate of 21.4%,  from $1.39M in 2017 to $3.66M in 2022.

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

Comparison: In 2022,  Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). 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, Colombia exported $3.26M to Ghana. The main products exported from Colombia to Ghana were Garden Tools ($912k), Lifting Machinery ($816k), and Raw Sugar ($422k). During the last 5 years the exports of Colombia to Ghana have increased at an annualized rate of 2.91%, from $2.82M in 2017 to $3.26M in 2022.

In 2017, Ghana exported $3.66M to Colombia. The main products exported from Ghana to Colombia were Raw Lead ($3.65M), Basketwork ($6.86k), and Ornamental Ceramics ($396). During the last 5 years the exports of Ghana to Colombia have increased at an annualized rate of 21.4%, from $1.39M in 2022 to $3.66M in 2017.

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

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

Latest Data

Trade between Colombia (Flag) and Ghana (Flag)

Colombia Exports

Ghana Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$15.6B
Ghana
Top Destination
United Arab Emirates$4.72B

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

In 2022, countries that imported more from Colombia than Ghana included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

In 2022, countries that imported more from Ghana than Colombia included United Arab Emirates ($4.72B), Switzerland ($3.37B), and Burkina Faso ($285M).

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

Comparative Advantage Colombia - Ghana

Flow
Scale

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

During 2022, Colombia had a large net trade with Ghana in the exports of Machines ($1.14M), Metals ($912k), and Foodstuffs ($839k).

During 2017, Ghana had a large net trade with Colombia in the exports of Metals ($3.65M), Wood Products ($6.86k), and Stone And Glass ($396).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Ghana+$603kRaw Sugar
Top Product Potential Ghana Colombia+$13kBasketwork

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

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

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