2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 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 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 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

Ecuador-Ghana Trade: In 2022, Ecuador exported $3.48M to Ghana. The main products that Ecuador exported to Ghana were Non-fillet Frozen Fish ($3.47M) and Machinery Having Individual Functions ($5.06k). Over the past 5 years the exports of Ecuador to Ghana have increased at an annualized rate of 66.5%, from $272k in 2017 to $3.48M in 2022.

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

Ghana-Ecuador Trade: In 2022, Ghana exported $42.7k to Ecuador. The main products that Ghana exported to Ecuador were N/A. Over the past 5 years the exports of Ghana to Ecuador have increased at an annualized rate of 10.3%,  from $26.2k in 2017 to $42.7k in 2022.

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

Comparison: In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B). 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, Ecuador exported $3.48M to Ghana. The main products exported from Ecuador to Ghana were Non-fillet Frozen Fish ($3.47M) and Machinery Having Individual Functions ($5.06k). During the last 5 years the exports of Ecuador to Ghana have increased at an annualized rate of 66.5%, from $272k in 2017 to $3.48M in 2022.

In 2016, Ghana exported $42.7k to Ecuador. There were not main exports from Ghana to Ecuador in 2016. During the last 5 years the exports of Ghana to Ecuador have increased at an annualized rate of 10.3%, from $26.2k in 2021 to $42.7k in 2016.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Ghana
Top Destination
United Arab Emirates$4.72B

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

In 2022, countries that imported more from Ecuador than Ghana included United States ($9.86B), Panama ($4.97B), and China ($6.17B).

In 2022, countries that imported more from Ghana than Ecuador included United Arab Emirates ($4.72B), Switzerland ($3.37B), and India ($2.04B).

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

Comparative Advantage Ecuador - Ghana

Flow
Scale

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

During 2022, Ecuador had a large net trade with Ghana in the exports of Animal Products ($3.47M) and Machines ($5.06k).

During 2016, Ghana had a large net trade with Ecuador in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Ghana+$4.6kRefined Petroleum
Top Product Potential Ghana Ecuador+$3.78kRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Ecuador and Ghana. This means that a dot/product with the flag of Ecuador indicates it has a comparative advantage over Ghana. Similarly, a dot/product with the flag of Ghana indicates it has a comparative advantage over Ecuador.

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with