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Pricing

2023
Flag → Flag
Exports $3.34MRnk 74 / 172
2023
Flag → Flag
Top Product $3.13MCoconuts, Brazil Nuts, and Cashews
2023
Flag → Flag
Exports $82kRnk 139 / 166
2023
Flag → Flag
Top Product $35.7kSpecial Pharmaceuticals
2023
Flag
Economic Complexity (ECI) ECI -0.97Rnk 109 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$76.4BCURRENT US$
Rnk 82 / 195
2013-2023
Flag
GDP GROWTH21.6%CURRENT US$
Rnk 135 / 195
2023
Flag
 GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC $2,260CURRENT US$
Rnk 152 / 195
2013-2023
Flag
GDP PC GROWTH-1.47%CURRENT US$
Rnk 154 / 195
2023
Flag
GDP PC$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

Ghana-Dominican Republic Trade: In 2023, Ghana exported $3.34M to Dominican Republic. The main products that Ghana exported to Dominican Republic were Coconuts, Brazil Nuts, and Cashews ($3.13M), Rough Wood ($111k), and Sawn Wood ($93.9k). Over the past 5 years the exports of Ghana to Dominican Republic have increased at an annualized rate of 13.5%, from $1.78M in 2018 to $3.34M in 2023.

In 2023, Ghana did not export any services to Dominican Republic.

Dominican Republic-Ghana Trade: In 2023, Dominican Republic exported $82k to Ghana. The main products that Dominican Republic exported to Ghana were Special Pharmaceuticals ($35.7k), Rolled Tobacco ($17.6k), and Medical Instruments ($13k). Over the past 5 years the exports of Dominican Republic to Ghana have decreased at an annualized rate of 19.9%,  from $248k in 2018 to $82k in 2023.

In 2023, Dominican Republic 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, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.04), and 91 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ghana exported $3.34M to Dominican Republic. The main products exported from Ghana to Dominican Republic were Coconuts, Brazil Nuts, and Cashews ($3.13M), Rough Wood ($111k), and Sawn Wood ($93.9k). During the last 5 years the exports of Ghana to Dominican Republic have increased at an annualized rate of 13.5%, from $1.78M in 2018 to $3.34M in 2023.

In 2018, Dominican Republic exported $82k to Ghana. The main products exported from Dominican Republic to Ghana were Special Pharmaceuticals ($35.7k), Rolled Tobacco ($17.6k), and Medical Instruments ($13k). During the last 5 years the exports of Dominican Republic to Ghana have decreased at an annualized rate of 19.9%, from $248k in 2023 to $82k in 2018.

Exports from Ghana (Flag) to Dominican Republic (Flag) (2023)

Exports from Dominican Republic (Flag) to Ghana (Flag) (2023)

Latest Data

Trade between Ghana (Flag) and Dominican Republic (Flag)

Ghana Exports

Dominican Republic Exports

Market Competitiveness

Color
Ghana
Top DestinationSwitzerland$6.49B
Dominican Republic
Top DestinationUnited States$7.08B

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

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

In 2023, countries that imported more from Dominican Republic than Ghana included United States ($7.08B), Haiti ($856M), and South Korea ($236M).

Difference in imports from Dominican Republic (Flag) and Ghana (Flag) (2023)

Comparative Advantage Ghana - Dominican Republic

Flow
Scale

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

During 2023, Ghana had a large net trade with Dominican Republic in the exports of Vegetable Products ($3.13M), Wood Products ($204k), and Metals ($5.46k).

During 2018, Dominican Republic had a large net trade with Ghana in the exports of Chemical Products ($42.7k), Foodstuffs ($17.6k), and Instruments ($13k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ghana Dominican Republic+$5.39kCrude Petroleum
Top Product Potential Dominican Republic Ghana+$2.56kMedical Instruments

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

Product Space of Ghana (Flag) and Dominican Republic (Flag) (2023)

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