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2022
Flag → Flag
Exports $293MRnk 83 / 218
2022
Flag → Flag
Top Product $44.4MUnglazed Ceramics
2022
Flag → Flag
Exports $222MRnk 13 / 133
2022
Flag → Flag
Top Product $98.9MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
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GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$2,176CURRENT US$
Rnk 147 / 186
2012-2022
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GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186

About

Spain-Ghana Trade: In 2022, Spain exported $293M to Ghana. The main products that Spain exported to Ghana were Unglazed Ceramics ($44.4M), Refined Petroleum ($25.5M), and Flavored Water ($18.6M). Over the past 5 years the exports of Spain to Ghana have decreased at an annualized rate of 1.94%, from $323M in 2017 to $293M in 2022.

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

Ghana-Spain Trade: In 2022, Ghana exported $222M to Spain. The main products that Ghana exported to Spain were Crude Petroleum ($98.9M), Cocoa Paste ($33.9M), and Cocoa Beans ($27.6M). Over the past 5 years the exports of Ghana to Spain have increased at an annualized rate of 2.25%,  from $182M in 2017 to $222M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Latest Trends

July, 2024

About

Overview In July 2024, Spain exported €19M and imported €10.9M from Ghana, resulting in a positive trade balance of €8.06M. Between July 2023 and July 2024 the exports of Spain have decreased by €-1.37M (-6.74%) from €20.3M to €19M, while imports increased by €838k (8.34%) from €10.1M to €10.9M.

Trade In July 2024, the top exports of Spain to Ghana were Mixed Mineral or Chemical Fertilizers (€6.32M), Non-fillet Frozen Fish (€3.84M), Navigation Equipment (€1.53M), Unglazed Ceramics (€1.18M), and Gypsum (€827k). In July 2024 the top imports of Spain from Ghana were Cocoa Paste (€4.47M), Cocoa Beans (€1.69M), Non-fillet Frozen Fish (€1.11M), Palm Oil (€1.07M), and Cocoa Butter (€838k).

Origins In July 2024 the exports of Spain were mainly from Murcia (€2.9M), Castellón (€2.7M), Barcelona (€2.05M), Valladolid (€1.6M), and Madrid (€1.55M), while imports destinations were mainly Valencia (€2.64M), Barcelona (€2.47M), Córdoba (€1.85M), Valladolid (€1.57M), and Madrid (€1.19M).

Growth In July 2024, the decrease in Spain's year-by-year exports to Ghana was explained primarily by an decrease in product exports in Unglazed Ceramics (€-2.41M or -67.2%), Flavored Water (€-958k or -71%), and Fruit Juice (€-185k or -76.7%). In July 2024, the increase in Spain's year-by-year imports  from Ghana was explained primarily by an increase in product imports  in Palm Oil (€1.06M or 7.86k%), Non-fillet Frozen Fish (€849k or 329%), and Processed Fish (€461k or 310%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€-1.37M(-6.74%)
IMPORT GROWTH (July 2023 - July 2024)€838k(8.34%)
MAIN EXPORTER (July 2024)Murcia€2.9M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Ghana and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ghana and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $293M to Ghana. The main products exported from Spain to Ghana were Unglazed Ceramics ($44.4M), Refined Petroleum ($25.5M), and Flavored Water ($18.6M). During the last 5 years the exports of Spain to Ghana have decreased at an annualized rate of 1.94%, from $323M in 2017 to $293M in 2022.

In 2017, Ghana exported $222M to Spain. The main products exported from Ghana to Spain were Crude Petroleum ($98.9M), Cocoa Paste ($33.9M), and Cocoa Beans ($27.6M). During the last 5 years the exports of Ghana to Spain have increased at an annualized rate of 2.25%, from $182M in 2022 to $222M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Ghana
Top DestinationUnited Arab Emirates$4.72B

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

In 2022, countries that imported more from Spain than Ghana included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Ghana than Spain included United Arab Emirates ($4.72B), Burkina Faso ($285M), and Niger ($56.3M).

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

Comparative Advantage Spain - Ghana

Flow
Scale

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

During 2022, Spain had a large net trade with Ghana in the exports of Chemical Products ($69.2M), Stone And Glass ($46.9M), and Foodstuffs ($42.5M).

During 2017, Ghana had a large net trade with Spain in the exports of Mineral Products ($98.9M), Foodstuffs ($69.8M), and Plastics and Rubbers ($19.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Ghana+$23.3MRefined Petroleum
Top Product Potential Ghana Spain+$127MCrude 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.

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Economic Complexity

Competitive Landscape

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

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

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