Ghana (GHA) and Australia (AUS) Trade | The Observatory of Economic Complexity

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Ghana-Australia Trade: In 2023, Ghana exported $14.6M to Australia. The main products that Ghana exported to Australia were Cocoa Paste ($5.85M), Delivery Trucks ($3.75M), and Gold ($1.23M). Over the past 5 years the exports of Ghana to Australia have increased at an annualized rate of 22.4%, from $5.31M in 2018 to $14.6M in 2023.

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

Australia-Ghana Trade: In 2023, Australia exported $117M to Ghana. The main products that Australia exported to Ghana were Cyanides ($31.8M), Iron Fasteners ($5.65M), and X-Ray Equipment ($5.37M). Over the past 5 years the exports of Australia to Ghana have increased at an annualized rate of 2.78%, from $102M in 2018 to $117M in 2023.

In 2023, Australia 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, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $14.6M to Australia. The main products exported from Ghana to Australia were Cocoa Paste ($5.85M), Delivery Trucks ($3.75M), and Gold ($1.23M). During the last 5 years the exports of Ghana to Australia have increased at an annualized rate of 22.4%, from $5.31M in 2018 to $14.6M in 2023.

In 2018, Australia exported $117M to Ghana. The main products exported from Australia to Ghana were Cyanides ($31.8M), Iron Fasteners ($5.65M), and X-Ray Equipment ($5.37M). During the last 5 years the exports of Australia to Ghana have increased at an annualized rate of 2.78%, from $102M in 2023 to $117M in 2018.

Exports from Ghana () to Australia () (2023)

Exports from Australia () to Ghana () (2023)

Latest Data

Trade between Ghana () and Australia ()

Ghana Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from Ghana than Australia included United Arab Emirates ($4.93B), Switzerland ($6.49B), and South Africa ($1.85B).

In 2023, countries that imported more from Australia than Ghana included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

Comparative Advantage Ghana - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Australia in the exports of Foodstuffs ($6.86M), Transportation ($4.13M), and Precious Metals ($1.23M).

During 2018, Australia had a large net trade with Ghana in the exports of Machines ($39.6M), Chemical Products ($35.9M), and Metals ($18.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Australia+$1.02MCocoa Paste

Top Product Potential Australia Ghana+$1.06MExcavation Machinery

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Australia () (2023)

Exports from Australia () to Ghana () (2023)

Latest Data

Trade between Ghana () and Australia ()

Ghana Exports

Australia Exports

Market Competitiveness

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

Comparative Advantage Ghana - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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