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2023
Flag → Flag
Exports $347MRnk 13 / 172
2023
Flag → Flag
Top Product $174MCrude Petroleum
2023
Flag → Flag
Exports $506MRnk 63 / 223
2023
Flag → Flag
Top Product $125MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.97Rnk 109 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$76.4BCURRENT US$
Rnk 82 / 195
2013-2023
Flag
GDP GROWTH21.6%CURRENT US$
Rnk 135 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Ghana-United Kingdom Trade: In 2023, Ghana exported $347M to United Kingdom. The main products that Ghana exported to United Kingdom were Crude Petroleum ($174M), Processed Fish ($49.1M), and Tropical Fruits ($41.4M). Over the past 5 years the exports of Ghana to United Kingdom have decreased at an annualized rate of 7.36%, from $508M in 2018 to $347M in 2023.

In 2023, Ghana did not export any services to United Kingdom.

United Kingdom-Ghana Trade: In 2023, United Kingdom exported $506M to Ghana. The main products that United Kingdom exported to Ghana were Refined Petroleum ($125M), Used Clothing ($45.5M), and Poultry Meat ($20.7M). Over the past 5 years the exports of United Kingdom to Ghana have decreased at an annualized rate of 2.1%,  from $587M in 2018 to $506M in 2023.

In 2023, United Kingdom 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ghana exported $347M to United Kingdom. The main products exported from Ghana to United Kingdom were Crude Petroleum ($174M), Processed Fish ($49.1M), and Tropical Fruits ($41.4M). During the last 5 years the exports of Ghana to United Kingdom have decreased at an annualized rate of 7.36%, from $508M in 2018 to $347M in 2023.

In 2018, United Kingdom exported $506M to Ghana. The main products exported from United Kingdom to Ghana were Refined Petroleum ($125M), Used Clothing ($45.5M), and Poultry Meat ($20.7M). During the last 5 years the exports of United Kingdom to Ghana have decreased at an annualized rate of 2.1%, from $587M in 2023 to $506M in 2018.

Exports from Ghana (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Ghana (Flag) (2023)

Latest Data

Trade between Ghana (Flag) and United Kingdom (Flag)

Ghana Exports

United Kingdom Exports

Market Competitiveness

Color
Ghana
Top DestinationSwitzerland$6.49B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Ghana than United Kingdom included Burkina Faso ($574M), Mali ($165M), and South Africa ($1.85B).

In 2023, countries that imported more from United Kingdom than Ghana included United States ($59.7B), Germany ($34.6B), and China ($35.3B).

Difference in imports from United Kingdom (Flag) and Ghana (Flag) (2023)

Comparative Advantage Ghana - United Kingdom

Flow
Scale

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

During 2023, Ghana had a large net trade with United Kingdom in the exports of Mineral Products ($174M), Foodstuffs ($93.4M), and Vegetable Products ($65.1M).

During 2018, United Kingdom had a large net trade with Ghana in the exports of Mineral Products ($131M), Machines ($111M), and Textiles ($48.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ghana United Kingdom+$178MCrude Petroleum
Top Product Potential United Kingdom Ghana+$30.6MRefined 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

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

Product Space of Ghana (Flag) and United Kingdom (Flag) (2023)

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