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2022
Flag → Flag
Exports $20.7MRnk 33 / 133
2022
Flag → Flag
Top Product $12.3MCocoa Paste
2022
Flag → Flag
Exports $5.19MRnk 94 / 188
2022
Flag → Flag
Top Product $4.03MWheat
2022
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Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
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GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
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GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
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 GDP$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
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GDP GROWTH65.5%CURRENT US$
Rnk 34 / 186
2022
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GDP PC $2,176CURRENT US$
Rnk 147 / 186
2012-2022
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GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186
2022
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GDP PC$28,333CURRENT US$
Rnk 41 / 186
2012-2022
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GDP PC GROWTH62.8%CURRENT US$
Rnk 23 / 186

About

Ghana-Estonia Trade: In 2022, Ghana exported $20.7M to Estonia. The main products that Ghana exported to Estonia were Cocoa Paste ($12.3M), Cocoa Beans ($5.13M), and Sawn Wood ($2.68M). Over the past 5 years the exports of Ghana to Estonia have decreased at an annualized rate of 26.4%, from $96.1M in 2017 to $20.7M in 2022.

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

Estonia-Ghana Trade: In 2022, Estonia exported $5.19M to Ghana. The main products that Estonia exported to Ghana were Wheat ($4.03M), Kraft Paper ($863k), and Valves ($143k). Over the past 5 years the exports of Estonia to Ghana have decreased at an annualized rate of 17.5%,  from $13.6M in 2017 to $5.19M in 2022.

In 2022, Estonia 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ghana exported $20.7M to Estonia. The main products exported from Ghana to Estonia were Cocoa Paste ($12.3M), Cocoa Beans ($5.13M), and Sawn Wood ($2.68M). During the last 5 years the exports of Ghana to Estonia have decreased at an annualized rate of 26.4%, from $96.1M in 2017 to $20.7M in 2022.

In 2017, Estonia exported $5.19M to Ghana. The main products exported from Estonia to Ghana were Wheat ($4.03M), Kraft Paper ($863k), and Valves ($143k). During the last 5 years the exports of Estonia to Ghana have decreased at an annualized rate of 17.5%, from $13.6M in 2022 to $5.19M in 2017.

Exports from Ghana (Flag) to Estonia (Flag) (2022)

Exports from Estonia (Flag) to Ghana (Flag) (2022)

Latest Data

Trade between Ghana (Flag) and Estonia (Flag)

Ghana Exports

Estonia Exports

Market Competitiveness

Color
Ghana
Top DestinationUnited Arab Emirates$4.72B
Estonia
Top DestinationFinland$3B

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

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

In 2022, countries that imported more from Estonia than Ghana included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

Difference in imports from Estonia (Flag) and Ghana (Flag) (2022)

Comparative Advantage Ghana - Estonia

Flow
Scale

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

During 2022, Ghana had a large net trade with Estonia in the exports of Foodstuffs ($17.9M), Wood Products ($2.68M), and Vegetable Products ($152k).

During 2017, Estonia had a large net trade with Ghana in the exports of Vegetable Products ($4.03M), Paper Goods ($863k), and Machines ($202k).

Economic Complexity

Competitive Landscape

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

Product Space of Ghana (Flag) and Estonia (Flag) (2022)

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