2022
Flag  
GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 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 
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 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

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 4.09%,  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).

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 4.09%, 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 Destination
France$65.2B
Ghana
Top Destination
United 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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