Ghana (GHA) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

About

Ghana-Iraq Trade: In 2023, Ghana exported $357k to Iraq. The main products that Ghana exported to Iraq were Plywood ($214k), Chemical Analysis Instruments ($66.5k), and Cocoa Powder ($46.9k). Over the past 6 years the exports of Ghana to Iraq have increased at an annualized rate of 12.3%, from $179k in 2017 to $357k in 2023.

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

Iraq-Ghana Trade: In 2023, Iraq exported $2.85k to Ghana. The main products that Iraq exported to Ghana were Computers ($2.31k) and Video Displays ($539). Over the past 6 years the exports of Iraq to Ghana have decreased at an annualized rate of 35.2%, from $24.9k in 2017 to $2.85k in 2023.

In 2023, Iraq 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, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $357k to Iraq. The main products exported from Ghana to Iraq were Plywood ($214k), Chemical Analysis Instruments ($66.5k), and Cocoa Powder ($46.9k). During the last 6 years the exports of Ghana to Iraq have increased at an annualized rate of 12.3%, from $179k in 2017 to $357k in 2023.

In 2018, Iraq exported $2.85k to Ghana. The main products exported from Iraq to Ghana were Computers ($2.31k) and Video Displays ($539). During the last 5 years the exports of Iraq to Ghana have decreased at an annualized rate of 35.2%, from $24.9k in 2023 to $2.85k in 2018.

Exports from Ghana () to Iraq () (2023)

Exports from Iraq () to Ghana () (2023)

Latest Data

Trade between Ghana () and Iraq ()

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Iraq
Top DestinationChina$35.5B

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

In 2023, countries that imported more from Ghana than Iraq included Switzerland ($6.49B), South Africa ($1.85B), and Canada ($886M).

In 2023, countries that imported more from Iraq than Ghana included China ($35.5B), India ($29.8B), and United States ($8.92B).

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

Comparative Advantage Ghana - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Iraq in the exports of Wood Products ($214k), Instruments ($66.5k), and Foodstuffs ($46.9k).

During 2018, Iraq had a large net trade with Ghana in the exports of Machines ($2.85k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Iraq+$6.81kGold

Top Product Potential Iraq Ghana+$6.78kRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Iraq () (2023)

Exports from Iraq () to Ghana () (2023)

Latest Data

Trade between Ghana () and Iraq ()

Ghana Exports

Market Competitiveness

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

Comparative Advantage Ghana - Iraq

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring