Ghana (GHA) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Ghana-Canada Trade: In 2023, Ghana exported $886M to Canada. The main products that Ghana exported to Canada were Crude Petroleum ($813M), Cocoa Beans ($37.9M), and Rubber ($7.03M). Over the past 5 years the exports of Ghana to Canada have increased at an annualized rate of 47.4%, from $127M in 2018 to $886M in 2023.

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

Canada-Ghana Trade: In 2023, Canada exported $326M to Ghana. The main products that Canada exported to Ghana were Processed Cereals ($133M), Wheat ($69.5M), and Cars ($59.7M). Over the past 5 years the exports of Canada to Ghana have increased at an annualized rate of 1.56%, from $301M in 2018 to $326M in 2023.

In 2023, Canada 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, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $886M to Canada. The main products exported from Ghana to Canada were Crude Petroleum ($813M), Cocoa Beans ($37.9M), and Rubber ($7.03M). During the last 5 years the exports of Ghana to Canada have increased at an annualized rate of 47.4%, from $127M in 2018 to $886M in 2023.

In 2018, Canada exported $326M to Ghana. The main products exported from Canada to Ghana were Processed Cereals ($133M), Wheat ($69.5M), and Cars ($59.7M). During the last 5 years the exports of Canada to Ghana have increased at an annualized rate of 1.56%, from $301M in 2023 to $326M in 2018.

Exports from Ghana () to Canada () (2023)

Exports from Canada () to Ghana () (2023)

Latest Data

Trade between Ghana () and Canada ()

Ghana Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Ghana than Canada included United Arab Emirates ($4.93B), South Africa ($1.85B), and Burkina Faso ($574M).

In 2023, countries that imported more from Canada than Ghana included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

Comparative Advantage Ghana - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Canada in the exports of Mineral Products ($813M), Foodstuffs ($51.2M), and Plastics and Rubbers ($7.4M).

During 2018, Canada had a large net trade with Ghana in the exports of Vegetable Products ($203M), Transportation ($67.2M), and Machines ($16.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Canada+$4.11MCocoa Beans

Top Product Potential Canada Ghana+$17.8MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Canada () (2023)

Exports from Canada () to Ghana () (2023)

Latest Data

Trade between Ghana () and Canada ()

Ghana Exports

Canada Exports

Market Competitiveness

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

Comparative Advantage Ghana - Canada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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