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Pricing

2022
Flag → Flag
Exports $1.55kRnk 127 / 133
2022
Flag → Flag
Top Product $436Non-Knit Women's Shirts
2022
Flag → Flag
Exports $44.9kRnk 150 / 178
2022
Flag → Flag
Top Product $38.9kOther Plastic Products
2022
Flag
Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC $2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186
2022
Flag
GDP PC$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Ghana-Costa Rica Trade: In 2022, Ghana exported $1.55k to Costa Rica. The main products that Ghana exported to Costa Rica were Non-Knit Women's Shirts ($436), Other Electrical Machinery ($407), and Non-Knit Women's Suits ($385). Over the past 5 years the exports of Ghana to Costa Rica have decreased at an annualized rate of 59.8%, from $148k in 2017 to $1.55k in 2022.

In 2022, Ghana did not export any services to Costa Rica.

Costa Rica-Ghana Trade: In 2022, Costa Rica exported $44.9k to Ghana. The main products that Costa Rica exported to Ghana were Other Plastic Products ($38.9k) and Other Measuring Instruments ($6k). Over the past 5 years the exports of Costa Rica to Ghana have decreased at an annualized rate of 21.2%,  from $384k in 2017 to $44.9k in 2022.

In 2022, Costa Rica 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, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ghana exported $1.55k to Costa Rica. The main products exported from Ghana to Costa Rica were Non-Knit Women's Shirts ($436), Other Electrical Machinery ($407), and Non-Knit Women's Suits ($385). During the last 5 years the exports of Ghana to Costa Rica have decreased at an annualized rate of 59.8%, from $148k in 2017 to $1.55k in 2022.

In 2017, Costa Rica exported $44.9k to Ghana. The main products exported from Costa Rica to Ghana were Other Plastic Products ($38.9k) and Other Measuring Instruments ($6k). During the last 5 years the exports of Costa Rica to Ghana have decreased at an annualized rate of 21.2%, from $384k in 2022 to $44.9k in 2017.

Exports from Ghana (Flag) to Costa Rica (Flag) (2022)

Exports from Costa Rica (Flag) to Ghana (Flag) (2022)

Latest Data

Trade between Ghana (Flag) and Costa Rica (Flag)

Ghana Exports

Date

Costa Rica Exports

Date

Market Competitiveness

Color
Ghana
Top DestinationUnited Arab Emirates$4.72B
Costa Rica
Top DestinationUnited States$6.83B

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

In 2022, countries that imported more from Ghana than Costa Rica included United Arab Emirates ($4.72B), Switzerland ($3.37B), and India ($2.04B).

In 2022, countries that imported more from Costa Rica than Ghana included United States ($6.83B), Guatemala ($821M), and Netherlands ($1.22B).

Difference in imports from Costa Rica (Flag) and Ghana (Flag) (2022)

Comparative Advantage Ghana - Costa Rica

Flow
Scale

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

During 2022, Ghana had a large net trade with Costa Rica in the exports of Textiles ($875), Machines ($407), and Vegetable Products ($246).

During 2017, Costa Rica had a large net trade with Ghana in the exports of Plastics and Rubbers ($38.9k) and Instruments ($6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ghana Costa Rica+$3.2kRefined Petroleum
Top Product Potential Costa Rica Ghana+$82.9kOther Plastic Products

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

This visualization shows the product space at the HS4 level with the flags of Ghana and Costa Rica. This means that a dot/product with the flag of Ghana indicates it has a comparative advantage over Costa Rica. Similarly, a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Ghana.

Product Space of Ghana (Flag) and Costa Rica (Flag) (2022)

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