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Pricing

2022
Flag → Flag
Exports $932kRnk 77 / 133
2022
Flag → Flag
Top Product $535kCocoa Beans
2022
Flag → Flag
Exports $9Rnk 129 / 129
2022
Flag → Flag
Top Product $6Hard Liquor
2022
Flag
Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Ghana-Armenia Trade: In 2022, Ghana exported $932k to Armenia. The main products that Ghana exported to Armenia were Cocoa Beans ($535k), Cocoa Paste ($198k), and Cocoa Powder ($147k). Over the past 5 years the exports of Ghana to Armenia have increased at an annualized rate of 6.41%, from $683k in 2017 to $932k in 2022.

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

Armenia-Ghana Trade: In 2022, Armenia exported $9 to Ghana. The main products that Armenia exported to Ghana were Hard Liquor ($6) and Other Fermented Beverages ($3). Over the past 5 years the exports of Armenia to Ghana have decreased at an annualized rate of 76.8%,  from $13.5k in 2017 to $9 in 2022.

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

Comparison: In 2022,  Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ghana exported $932k to Armenia. The main products exported from Ghana to Armenia were Cocoa Beans ($535k), Cocoa Paste ($198k), and Cocoa Powder ($147k). During the last 5 years the exports of Ghana to Armenia have increased at an annualized rate of 6.41%, from $683k in 2017 to $932k in 2022.

In 2017, Armenia exported $9 to Ghana. The main products exported from Armenia to Ghana were Hard Liquor ($6) and Other Fermented Beverages ($3). During the last 5 years the exports of Armenia to Ghana have decreased at an annualized rate of 76.8%, from $13.5k in 2022 to $9 in 2017.

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

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

Latest Data

Trade between Ghana (Flag) and Armenia (Flag)

Ghana Exports

Date

Armenia Exports

Market Competitiveness

Color
Ghana
Top DestinationUnited Arab Emirates$4.72B
Armenia
Top DestinationRussia$2.36B

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 2022, countries that imported more from Ghana than Armenia included United Arab Emirates ($4.72B), Switzerland ($3.37B), and United States ($2.83B).

In 2022, countries that imported more from Armenia than Ghana included Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

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

Comparative Advantage Ghana - Armenia

Flow
Scale

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

During 2022, Ghana had a large net trade with Armenia in the exports of Foodstuffs ($915k), Vegetable Products ($14.5k), and Wood Products ($1.56k).

During 2017, Armenia had a large net trade with Ghana in the exports of Foodstuffs ($9).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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