Ghana (GHA) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Ghana-Armenia Trade: In 2023, Ghana exported $607k to Armenia. The main products that Ghana exported to Armenia were Cocoa Beans ($567k), Tropical Fruits ($27.7k), and Cocoa Powder ($4.94k). Over the past 5 years the exports of Ghana to Armenia have decreased at an annualized rate of 2.98%, from $706k in 2018 to $607k in 2023.

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

Armenia-Ghana Trade: In 2023, Armenia exported $155k to Ghana. The main products that Armenia exported to Ghana were Seed Oils ($137k), Other Engines ($9.15k), and Liquid Pumps ($2.12k). Over the past 5 years the exports of Armenia to Ghana have increased at an annualized rate of 170%, from $1.09k in 2018 to $155k in 2023.

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

Comparison: In 2023, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $607k to Armenia. The main products exported from Ghana to Armenia were Cocoa Beans ($567k), Tropical Fruits ($27.7k), and Cocoa Powder ($4.94k). During the last 5 years the exports of Ghana to Armenia have decreased at an annualized rate of 2.98%, from $706k in 2018 to $607k in 2023.

In 2018, Armenia exported $155k to Ghana. The main products exported from Armenia to Ghana were Seed Oils ($137k), Other Engines ($9.15k), and Liquid Pumps ($2.12k). During the last 5 years the exports of Armenia to Ghana have increased at an annualized rate of 170%, from $1.09k in 2023 to $155k in 2018.

Exports from Ghana () to Armenia () (2023)

Exports from Armenia () to Ghana () (2023)

Latest Data

Trade between Ghana () and Armenia ()

Ghana Exports

Date

Oct 2019

Jul 2019

Jul 2018

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Ghana than Armenia included Switzerland ($6.49B), United Arab Emirates ($4.93B), and India ($2.26B).

In 2023, countries that imported more from Armenia than Ghana included Russia ($3.38B), Hong Kong ($669M), and Georgia ($340M).

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

Comparative Advantage Ghana - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Armenia in the exports of Foodstuffs ($572k), Vegetable Products ($33.8k), and Machines ($513).

During 2018, Armenia had a large net trade with Ghana in the exports of Animal and Vegetable Bi-Products ($137k), Machines ($14.7k), and Metals ($2.74k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Armenia+$212kCocoa Beans

Top Product Potential Armenia Ghana+$2.9kCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Armenia () (2023)

Exports from Armenia () to Ghana () (2023)

Latest Data

Trade between Ghana () and Armenia ()

Ghana Exports

Armenia Exports

Market Competitiveness

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

Comparative Advantage Ghana - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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