Ghana (GHA) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Ghana-Georgia Trade: In 2022, Ghana exported $18.6k to Georgia. The main products that Ghana exported to Georgia were Sawn Wood ($16.1k), Beauty Products ($1.41k), and Soap ($474). Over the past 7 years the exports of Ghana to Georgia have decreased at an annualized rate of 12.5%, from $47.5k in 2015 to $18.6k in 2022.

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

Georgia-Ghana Trade: In 2022, Georgia exported $21.2M to Ghana. The main products that Georgia exported to Ghana were Nitrogenous Fertilizers ($20.9M), Packaged Medicaments ($164k), and Plastic Housewares ($104k). Over the past 7 years the exports of Georgia to Ghana have increased at an annualized rate of 72.1%, from $815k in 2015 to $21.2M in 2022.

In 2022, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $18.6k to Georgia. The main products exported from Ghana to Georgia were Sawn Wood ($16.1k), Beauty Products ($1.41k), and Soap ($474). During the last 7 years the exports of Ghana to Georgia have decreased at an annualized rate of 12.5%, from $47.5k in 2015 to $18.6k in 2022.

In 2017, Georgia exported $21.2M to Ghana. The main products exported from Georgia to Ghana were Nitrogenous Fertilizers ($20.9M), Packaged Medicaments ($164k), and Plastic Housewares ($104k). During the last 5 years the exports of Georgia to Ghana have increased at an annualized rate of 72.1%, from $815k in 2022 to $21.2M in 2017.

Exports from Ghana () to Georgia () (2022)

Exports from Georgia () to Ghana () (2022)

Latest Data

Trade between Ghana () and Georgia ()

Ghana Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Ghana than Georgia included United Arab Emirates ($4.72B), Switzerland ($3.37B), and United States ($2.83B).

In 2022, countries that imported more from Georgia than Ghana included Azerbaijan ($668M), Russia ($642M), and Armenia ($571M).

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

Comparative Advantage Ghana - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with Georgia in the exports of Wood Products ($16.1k), Chemical Products ($2.38k), and Animal and Vegetable Bi-Products ($107).

During 2017, Georgia had a large net trade with Ghana in the exports of Chemical Products ($21.1M), Plastics and Rubbers ($104k), and Textiles ($3.14k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Georgia+$2.65kRefined Petroleum

Top Product Potential Georgia Ghana+$2.78kRefined 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 Georgia. This means that a dot/product with the flag of Ghana indicates it has a comparative advantage over Georgia. Similarly, a dot/product with the flag of Georgia indicates it has a comparative advantage over Ghana.

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Georgia () (2022)

Exports from Georgia () to Ghana () (2022)

Latest Data

Trade between Ghana () and Georgia ()

Ghana Exports

Georgia Exports

Market Competitiveness

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

Comparative Advantage Ghana - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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