Ghana (GHA) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Ghana-Greece Trade: In 2023, Ghana exported $17M to Greece. The main products that Ghana exported to Greece were Raw Lead ($5.65M), Cocoa Paste ($2.61M), and Scrap Copper ($2.05M). Over the past 5 years the exports of Ghana to Greece have decreased at an annualized rate of 0.53%, from $17.5M in 2018 to $17M in 2023.

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

Greece-Ghana Trade: In 2023, Greece exported $31.8M to Ghana. The main products that Greece exported to Ghana were Refined Petroleum ($6.55M), Prefabricated Buildings ($6.3M), and Pesticides ($4.91M). Over the past 5 years the exports of Greece to Ghana have decreased at an annualized rate of 13.4%, from $65.4M in 2018 to $31.8M in 2023.

In 2023, Greece 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, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $17M to Greece. The main products exported from Ghana to Greece were Raw Lead ($5.65M), Cocoa Paste ($2.61M), and Scrap Copper ($2.05M). During the last 5 years the exports of Ghana to Greece have decreased at an annualized rate of 0.53%, from $17.5M in 2018 to $17M in 2023.

In 2018, Greece exported $31.8M to Ghana. The main products exported from Greece to Ghana were Refined Petroleum ($6.55M), Prefabricated Buildings ($6.3M), and Pesticides ($4.91M). During the last 5 years the exports of Greece to Ghana have decreased at an annualized rate of 13.4%, from $65.4M in 2023 to $31.8M in 2018.

Exports from Ghana () to Greece () (2023)

Exports from Greece () to Ghana () (2023)

Latest Data

Trade between Ghana () and Greece ()

Ghana Exports

Date

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Greece
Top DestinationItaly$6.21B

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

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

In 2023, countries that imported more from Greece than Ghana included Italy ($6.21B), Cyprus ($3.03B), and Germany ($3.06B).

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

Comparative Advantage Ghana - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Greece in the exports of Metals ($8.18M), Wood Products ($3.88M), and Foodstuffs ($3.55M).

During 2018, Greece had a large net trade with Ghana in the exports of Mineral Products ($10.6M), Miscellaneous ($6.39M), and Chemical Products ($5.47M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Greece+$1.39MScrap Copper

Top Product Potential Greece Ghana+$1.47MRefined 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 Greece. This means that a dot/product with the flag of Ghana indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Ghana.

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Greece () (2023)

Exports from Greece () to Ghana () (2023)

Latest Data

Trade between Ghana () and Greece ()

Ghana Exports

Greece Exports

Market Competitiveness

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

Comparative Advantage Ghana - Greece

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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