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2022
Flag → Flag
Exports $550MRnk 62 / 224
2022
Flag → Flag
Top Product $67.5MRefined Petroleum
2022
Flag → Flag
Exports $691MRnk 6 / 133
2022
Flag → Flag
Top Product $529MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
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Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$2,176CURRENT US$
Rnk 147 / 186
2012-2022
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GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186

About

United Kingdom-Ghana Trade: In 2022, United Kingdom exported $550M to Ghana. The main products that United Kingdom exported to Ghana were Refined Petroleum ($67.5M), Used Clothing ($64.7M), and Iron Structures ($47.1M). Over the past 5 years the exports of United Kingdom to Ghana have decreased at an annualized rate of 6.97%, from $789M in 2017 to $550M in 2022.

In 2022, United Kingdom did not export any services to Ghana.

Ghana-United Kingdom Trade: In 2022, Ghana exported $691M to United Kingdom. The main products that Ghana exported to United Kingdom were Crude Petroleum ($529M), Processed Fish ($49.9M), and Tropical Fruits ($32.7M). Over the past 5 years the exports of Ghana to United Kingdom have increased at an annualized rate of 13.2%,  from $371M in 2017 to $691M in 2022.

In 2022, Ghana did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £43.1M and imported £22.7M from Ghana, resulting in a positive trade balance of £20.4M. Between August 2023 and August 2024 the exports of United Kingdom have increased by £6.93M (19.2%) from £36.2M to £43.1M, while imports increased by £11.2M (97.8%) from £11.5M to £22.7M.

Trade In August 2024, the top exports of United Kingdom to Ghana were Used Clothing (£3.9M), Poultry Meat (£1.1M), Plastic Housewares (£652k), Valves (£632k), and Seats (£548k). In August 2024 the top imports of United Kingdom from Ghana were Crude Petroleum (£68.8M), Processed Fish (£3.2M), Tropical Fruits (£2.69M), Cocoa Paste (£1.23M), and Bananas (£1.18M).

Origins In August 2024 the exports of United Kingdom were mainly from London Gateway (£18.7M), Tyne (£13.2M), London (£3.85M), London Heathrow Airport (£2.53M), and Grangemouth (£1.3M), while imports destinations were mainly London (£8.18M), Felixstowe (£4.14M), London Heathrow Airport (£3.64M), Portsmouth (£2.33M), and Liverpool (£1.89M).

Growth In August 2024, the increase in United Kingdom's year-by-year exports to Ghana was explained primarily by an increase in product exports in Valves (£504k or 392%), Poultry Meat (£453k or 70%), and Seats (£434k or 382%). In August 2024, the increase in United Kingdom's year-by-year imports  from Ghana was explained primarily by an increase in product imports  in Tropical Fruits (£1.46M or 119%), Processed Fish (£714k or 28.8%), and Cocoa Butter (£305k or 93.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£6.93M(19.2%)
IMPORT GROWTH (August 2023 - August 2024)£11.2M(97.8%)
MAIN EXPORTER (August 2024)London Gateway£18.7M

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

To check Ghana and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ghana and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $550M to Ghana. The main products exported from United Kingdom to Ghana were Refined Petroleum ($67.5M), Used Clothing ($64.7M), and Iron Structures ($47.1M). During the last 5 years the exports of United Kingdom to Ghana have decreased at an annualized rate of 6.97%, from $789M in 2017 to $550M in 2022.

In 2017, Ghana exported $691M to United Kingdom. The main products exported from Ghana to United Kingdom were Crude Petroleum ($529M), Processed Fish ($49.9M), and Tropical Fruits ($32.7M). During the last 5 years the exports of Ghana to United Kingdom have increased at an annualized rate of 13.2%, from $371M in 2022 to $691M in 2017.

Exports from United Kingdom (Flag) to Ghana (Flag) (2022)

Exports from Ghana (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Ghana
Top DestinationUnited Arab Emirates$4.72B

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

In 2022, countries that imported more from United Kingdom than Ghana included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Ghana than United Kingdom included Burkina Faso ($285M) and Niger ($56.3M).

Difference in imports from Ghana (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Ghana

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Ghana in the exports of Machines ($107M), Chemical Products ($87.6M), and Metals ($70.7M).

During 2017, Ghana had a large net trade with United Kingdom in the exports of Mineral Products ($529M), Foodstuffs ($97.7M), and Vegetable Products ($53.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Ghana+$30.6MRefined Petroleum
Top Product Potential Ghana United Kingdom+$178MCrude 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 United Kingdom and Ghana. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Ghana. Similarly, a dot/product with the flag of Ghana indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Ghana (Flag) (2022)

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