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

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Ghana-Colombia Trade: In 2022, Ghana exported $3.66M to Colombia. The main products that Ghana exported to Colombia were Raw Lead ($3.65M), Basketwork ($6.86k), and Ornamental Ceramics ($396). Over the past 5 years the exports of Ghana to Colombia have increased at an annualized rate of 21.4%, from $1.39M in 2017 to $3.66M in 2022.

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

Colombia-Ghana Trade: In 2022, Colombia exported $3.26M to Ghana. The main products that Colombia exported to Ghana were Garden Tools ($912k), Lifting Machinery ($816k), and Raw Sugar ($422k). Over the past 5 years the exports of Colombia to Ghana have increased at an annualized rate of 2.91%, from $2.82M in 2017 to $3.26M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $3.66M to Colombia. The main products exported from Ghana to Colombia were Raw Lead ($3.65M), Basketwork ($6.86k), and Ornamental Ceramics ($396). During the last 5 years the exports of Ghana to Colombia have increased at an annualized rate of 21.4%, from $1.39M in 2017 to $3.66M in 2022.

In 2017, Colombia exported $3.26M to Ghana. The main products exported from Colombia to Ghana were Garden Tools ($912k), Lifting Machinery ($816k), and Raw Sugar ($422k). During the last 5 years the exports of Colombia to Ghana have increased at an annualized rate of 2.91%, from $2.82M in 2022 to $3.26M in 2017.

Exports from Ghana () to Colombia () (2022)

Exports from Colombia () to Ghana () (2022)

Latest Data

Trade between Ghana () and Colombia ()

Ghana Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Colombia
Top DestinationUnited States$15.6B

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 2022, countries that imported more from Ghana than Colombia included United Arab Emirates ($4.72B), Switzerland ($3.37B), and Burkina Faso ($285M).

In 2022, countries that imported more from Colombia than Ghana included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

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 2022, Ghana had a large net trade with Colombia in the exports of Metals ($3.65M), Wood Products ($6.86k), and Stone And Glass ($396).

During 2017, Colombia had a large net trade with Ghana in the exports of Machines ($1.14M), Metals ($912k), and Foodstuffs ($839k).

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 () (2022)

Exports from Colombia () to Ghana () (2022)

Latest Data

Trade between Ghana () and Colombia ()

Ghana Exports

Colombia Exports

Market Competitiveness

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

Comparative Advantage Ghana - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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