Ghana (GHA) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Ghana-Colombia Trade: In 2023, Ghana exported $878k to Colombia. The main products that Ghana exported to Colombia were Raw Lead ($876k), Used Clothing ($600), and Bedspreads ($300). Over the past 5 years the exports of Ghana to Colombia have decreased at an annualized rate of 37.6%, from $9.32M in 2018 to $878k in 2023.

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

Colombia-Ghana Trade: In 2023, Colombia exported $22.4M to Ghana. The main products that Colombia exported to Ghana were Palm Oil ($18.1M), Garden Tools ($1.36M), and Lifting Machinery ($806k). Over the past 5 years the exports of Colombia to Ghana have increased at an annualized rate of 45.7%, from $2.34M in 2018 to $22.4M in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $878k to Colombia. The main products exported from Ghana to Colombia were Raw Lead ($876k), Used Clothing ($600), and Bedspreads ($300). During the last 5 years the exports of Ghana to Colombia have decreased at an annualized rate of 37.6%, from $9.32M in 2018 to $878k in 2023.

In 2018, Colombia exported $22.4M to Ghana. The main products exported from Colombia to Ghana were Palm Oil ($18.1M), Garden Tools ($1.36M), and Lifting Machinery ($806k). During the last 5 years the exports of Colombia to Ghana have increased at an annualized rate of 45.7%, from $2.34M in 2023 to $22.4M in 2018.

Exports from Ghana () to Colombia () (2023)

Exports from Colombia () to Ghana () (2023)

Latest Data

Trade between Ghana () and Colombia ()

Ghana Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Colombia
Top DestinationUnited States$14.8B

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

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

In 2023, countries that imported more from Colombia than Ghana included United States ($14.8B), Panama ($4.66B), and Ecuador ($2.19B).

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

Comparative Advantage Ghana - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Colombia in the exports of Metals ($876k), Textiles ($1.18k), and Stone And Glass ($400).

During 2018, Colombia had a large net trade with Ghana in the exports of Animal and Vegetable Bi-Products ($18.1M), Metals ($1.99M), and Machines ($1.11M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Colombia+$13kBasketwork

Top Product Potential Colombia Ghana+$603kRaw Sugar

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Colombia () (2023)

Exports from Colombia () to Ghana () (2023)

Latest Data

Trade between Ghana () and Colombia ()

Ghana Exports

Colombia Exports

Market Competitiveness

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

Comparative Advantage Ghana - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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