Colombia (COL) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Colombia-Ghana Trade: In 2023, Colombia exported $22.4M to Ghana. The main products that Colombia exported to Ghana were Palm Oil ($18.1M), Garden Tools ($1.36M), and Lifting Machinery ($806k). Over the past 5 years the exports of Colombia to Ghana have increased at an annualized rate of 57.1%, from $2.34M in 2018 to $22.4M in 2023.

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

Ghana-Colombia Trade: In 2023, Ghana exported $878k to Colombia. The main products that Ghana exported to Colombia were Raw Lead ($876k), Used Clothing ($600), and Bedspreads ($300). Over the past 5 years the exports of Ghana to Colombia have decreased at an annualized rate of 32.5%, from $9.32M in 2018 to $878k in 2023.

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

Comparison: In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). 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, Colombia exported $22.4M to Ghana. The main products exported from Colombia to Ghana were Palm Oil ($18.1M), Garden Tools ($1.36M), and Lifting Machinery ($806k). During the last 5 years the exports of Colombia to Ghana have increased at an annualized rate of 57.1%, from $2.34M in 2018 to $22.4M in 2023.

In 2018, Ghana exported $878k to Colombia. The main products exported from Ghana to Colombia were Raw Lead ($876k), Used Clothing ($600), and Bedspreads ($300). During the last 5 years the exports of Ghana to Colombia have decreased at an annualized rate of 32.5%, from $9.32M in 2023 to $878k in 2018.

Exports from Colombia () to Ghana () (2023)

Exports from Ghana () to Colombia () (2023)

Latest Data

Trade between Colombia () and Ghana ()

Colombia Exports

Date

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Ghana
Top DestinationSwitzerland$6.49B

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 2023, countries that imported more from Colombia than Ghana included United States ($14.8B), Panama ($4.66B), and Ecuador ($2.19B).

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

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

Comparative Advantage Colombia - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Ghana in the exports of Animal and Vegetable Bi-Products ($18.1M), Metals ($1.99M), and Machines ($1.11M).

During 2018, Ghana had a large net trade with Colombia in the exports of Metals ($876k), Textiles ($1.18k), and Stone And Glass ($400).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Ghana () (2023)

Exports from Ghana () to Colombia () (2023)

Latest Data

Trade between Colombia () and Ghana ()

Colombia Exports

Ghana Exports

Market Competitiveness

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

Comparative Advantage Colombia - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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