Ghana (GHA) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Ghana-Denmark Trade: In 2022, Ghana exported $2.27M to Denmark. The main products that Ghana exported to Denmark were Processed Fish ($709k), Veneer Sheets ($645k), and Shaped Wood ($267k). Over the past 5 years the exports of Ghana to Denmark have decreased at an annualized rate of 29.1%, from $12.7M in 2017 to $2.27M in 2022.

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

Denmark-Ghana Trade: In 2022, Denmark exported $30.9M to Ghana. The main products that Denmark exported to Ghana were Beer ($5.82M), Chlorides ($4.82M), and Computers ($1.32M). Over the past 5 years the exports of Denmark to Ghana have decreased at an annualized rate of 33.3%, from $233M in 2017 to $30.9M in 2022.

In 2022, Denmark 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $2.27M to Denmark. The main products exported from Ghana to Denmark were Processed Fish ($709k), Veneer Sheets ($645k), and Shaped Wood ($267k). During the last 5 years the exports of Ghana to Denmark have decreased at an annualized rate of 29.1%, from $12.7M in 2017 to $2.27M in 2022.

In 2017, Denmark exported $30.9M to Ghana. The main products exported from Denmark to Ghana were Beer ($5.82M), Chlorides ($4.82M), and Computers ($1.32M). During the last 5 years the exports of Denmark to Ghana have decreased at an annualized rate of 33.3%, from $233M in 2022 to $30.9M in 2017.

Exports from Ghana () to Denmark () (2022)

Exports from Denmark () to Ghana () (2022)

Latest Data

Trade between Ghana () and Denmark ()

Ghana Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Denmark
Top DestinationGermany$18.9B

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

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

In 2022, countries that imported more from Denmark than Ghana included Germany ($18.9B), Sweden ($11.6B), and United States ($13.1B).

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

Comparative Advantage Ghana - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with Denmark in the exports of Wood Products ($1.19M), Foodstuffs ($839k), and Machines ($65.2k).

During 2017, Denmark had a large net trade with Ghana in the exports of Machines ($10.4M), Foodstuffs ($7.4M), and Chemical Products ($6.32M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Denmark+$649kProcessed Fish

Top Product Potential Denmark Ghana+$1.02MExcavation Machinery

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Denmark () (2022)

Exports from Denmark () to Ghana () (2022)

Latest Data

Trade between Ghana () and Denmark ()

Ghana Exports

Denmark Exports

Market Competitiveness

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

Comparative Advantage Ghana - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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