Ghana (GHA) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Ghana-Bolivia Trade: In 2022, Ghana exported $161 to Bolivia. The main products that Ghana exported to Bolivia were Plastic Lids ($55), Knit T-shirts ($51), and Electric Batteries ($31). Over the past 5 years the exports of Ghana to Bolivia have decreased at an annualized rate of 19.1%, from $464 in 2017 to $161 in 2022.

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

Bolivia-Ghana Trade: In 2022, Bolivia exported $114k to Ghana. The main products that Bolivia exported to Ghana were Stone Processing Machines ($92.7k), Iron Fasteners ($10.7k), and Other Construction Vehicles ($9.76k). Over the past 5 years the exports of Bolivia to Ghana have increased at an annualized rate of 4.81%, from $82.2k in 2017 to $114k in 2022.

In 2022, Bolivia 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, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $161 to Bolivia. The main products exported from Ghana to Bolivia were Plastic Lids ($55), Knit T-shirts ($51), and Electric Batteries ($31). During the last 5 years the exports of Ghana to Bolivia have decreased at an annualized rate of 19.1%, from $464 in 2017 to $161 in 2022.

In 2017, Bolivia exported $114k to Ghana. The main products exported from Bolivia to Ghana were Stone Processing Machines ($92.7k), Iron Fasteners ($10.7k), and Other Construction Vehicles ($9.76k). During the last 5 years the exports of Bolivia to Ghana have increased at an annualized rate of 4.81%, from $82.2k in 2022 to $114k in 2017.

Exports from Ghana () to Bolivia () (2022)

Exports from Bolivia () to Ghana () (2022)

Latest Data

Trade between Ghana () and Bolivia ()

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Bolivia
Top DestinationIndia$2.27B

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

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

In 2022, countries that imported more from Bolivia than Ghana included Brazil ($1.89B), Argentina ($1.76B), and Colombia ($1.06B).

Difference in imports from Bolivia () and Ghana () (2022)

Comparative Advantage Ghana - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with Bolivia in the exports of Textiles ($75), Plastics and Rubbers ($55), and Machines ($31).

During 2017, Bolivia had a large net trade with Ghana in the exports of Machines ($104k), Metals ($10.7k), and Plastics and Rubbers ($15).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Bolivia+$3.36kRefined Petroleum

Top Product Potential Bolivia Ghana+$85.7kStone Processing Machines

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

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Historical Data

Bilateral Trade by Products

Exports from Ghana () to Bolivia () (2022)

Exports from Bolivia () to Ghana () (2022)

Latest Data

Trade between Ghana () and Bolivia ()

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Ghana () (2022)

Comparative Advantage Ghana - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ghana () and Bolivia () (2022)

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