Denmark (DNK) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Denmark-Ghana Trade: In 2023, Denmark exported $48.7M to Ghana. The main products that Denmark exported to Ghana were Non-fillet Frozen Fish ($5.76M), Refined Petroleum ($5.51M), and Flexible Metal Tubing ($5.33M). Over the past 5 years the exports of Denmark to Ghana have decreased at an annualized rate of 12.5%, from $94.6M in 2018 to $48.7M in 2023.

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

Ghana-Denmark Trade: In 2023, Ghana exported $9.2M to Denmark. The main products that Ghana exported to Denmark were Other Oily Seeds ($5.3M), Processed Fish ($1.02M), and Veneer Sheets ($926k). Over the past 5 years the exports of Ghana to Denmark have decreased at an annualized rate of 16.3%, from $22.4M in 2018 to $9.2M in 2023.

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

Comparison: In 2023, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). 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, Denmark exported $48.7M to Ghana. The main products exported from Denmark to Ghana were Non-fillet Frozen Fish ($5.76M), Refined Petroleum ($5.51M), and Flexible Metal Tubing ($5.33M). During the last 5 years the exports of Denmark to Ghana have decreased at an annualized rate of 12.5%, from $94.6M in 2018 to $48.7M in 2023.

In 2018, Ghana exported $9.2M to Denmark. The main products exported from Ghana to Denmark were Other Oily Seeds ($5.3M), Processed Fish ($1.02M), and Veneer Sheets ($926k). During the last 5 years the exports of Ghana to Denmark have decreased at an annualized rate of 16.3%, from $22.4M in 2023 to $9.2M in 2018.

Exports from Denmark () to Ghana () (2023)

Exports from Ghana () to Denmark () (2023)

Latest Data

Trade between Denmark () and Ghana ()

Denmark Exports

Date

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Denmark than Ghana included Germany ($14.8B), Sweden ($11.2B), and United States ($12B).

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

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

Comparative Advantage Denmark - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Ghana in the exports of N/A.

During 2018, Ghana had a large net trade with Denmark in the exports of Vegetable Products ($5.3M), Wood Products ($1.92M), and Foodstuffs ($1.02M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark Ghana+$1.02MExcavation Machinery

Top Product Potential Ghana Denmark+$649kProcessed Fish

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

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Historical Data

Bilateral Trade by Products

Exports from Denmark () to Ghana () (2023)

Exports from Ghana () to Denmark () (2023)

Latest Data

Trade between Denmark () and Ghana ()

Denmark Exports

Ghana Exports

Market Competitiveness

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

Comparative Advantage Denmark - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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