Ghana (GHA) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Ghana-Spain Trade: In 2023, Ghana exported $189M to Spain. The main products that Ghana exported to Spain were Crude Petroleum ($78M), Cocoa Paste ($31.2M), and Cocoa Beans ($29.2M). Over the past 5 years the exports of Ghana to Spain have decreased at an annualized rate of 13.3%, from $386M in 2018 to $189M in 2023.

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

Spain-Ghana Trade: In 2023, Spain exported $254M to Ghana. The main products that Spain exported to Ghana were Unglazed Ceramics ($23.1M), Mixed Mineral or Chemical Fertilizers ($13.7M), and Flavored Water ($10.7M). Over the past 5 years the exports of Spain to Ghana have increased at an annualized rate of 0.77%, from $235M in 2018 to $254M in 2023.

In 2023, Spain 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $189M to Spain. The main products exported from Ghana to Spain were Crude Petroleum ($78M), Cocoa Paste ($31.2M), and Cocoa Beans ($29.2M). During the last 5 years the exports of Ghana to Spain have decreased at an annualized rate of 13.3%, from $386M in 2018 to $189M in 2023.

In 2018, Spain exported $254M to Ghana. The main products exported from Spain to Ghana were Unglazed Ceramics ($23.1M), Mixed Mineral or Chemical Fertilizers ($13.7M), and Flavored Water ($10.7M). During the last 5 years the exports of Spain to Ghana have increased at an annualized rate of 0.77%, from $235M in 2023 to $254M in 2018.

Exports from Ghana () to Spain () (2023)

Exports from Spain () to Ghana () (2023)

Latest Data

Trade between Ghana () and Spain ()

Ghana Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Spain
Top DestinationFrance$61.9B

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

In 2023, countries that imported more from Ghana than Spain included United Arab Emirates ($4.93B), Burkina Faso ($574M), and South Africa ($1.85B).

In 2023, countries that imported more from Spain than Ghana included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

Comparative Advantage Ghana - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Spain in the exports of Mineral Products ($78M), Foodstuffs ($72.1M), and Animal Products ($10.8M).

During 2018, Spain had a large net trade with Ghana in the exports of Chemical Products ($55.5M), Foodstuffs ($32.2M), and Metals ($26M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Spain+$127MCrude Petroleum

Top Product Potential Spain Ghana+$23.3MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Spain () (2023)

Exports from Spain () to Ghana () (2023)

Latest Data

Trade between Ghana () and Spain ()

Ghana Exports

Spain Exports

Market Competitiveness

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

Comparative Advantage Ghana - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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