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2023
Flag → Flag
Exports $541kRnk 109 / 172
2023
Flag → Flag
Top Product $282kTropical Fruits
2023
Flag → Flag
Exports $360kRnk 96 / 157
2023
Flag → Flag
Top Product $260kNon-fillet Frozen Fish
2023
Flag
Economic Complexity (ECI) ECI -0.97Rnk 109 / 132
2023
Flag  
GDP$76.4BCURRENT US$
Rnk 82 / 195
2013-2023
Flag
GDP GROWTH21.6%CURRENT US$
Rnk 135 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 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$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Ghana-Iceland Trade: In 2023, Ghana exported $541k to Iceland. The main products that Ghana exported to Iceland were Tropical Fruits ($282k), Processed Fish ($153k), and Cocoa Powder ($38.6k). Over the past 5 years the exports of Ghana to Iceland have decreased at an annualized rate of 0.33%, from $550k in 2018 to $541k in 2023.

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

Iceland-Ghana Trade: In 2023, Iceland exported $360k to Ghana. The main products that Iceland exported to Ghana were Non-fillet Frozen Fish ($260k), Edible Offal ($53.3k), and Sheep and Goat Meat ($21.2k). Over the past 5 years the exports of Iceland to Ghana have decreased at an annualized rate of 20.7%,  from $1.15M in 2018 to $360k in 2023.

In 2023, Iceland 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, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ghana exported $541k to Iceland. The main products exported from Ghana to Iceland were Tropical Fruits ($282k), Processed Fish ($153k), and Cocoa Powder ($38.6k). During the last 5 years the exports of Ghana to Iceland have decreased at an annualized rate of 0.33%, from $550k in 2018 to $541k in 2023.

In 2018, Iceland exported $360k to Ghana. The main products exported from Iceland to Ghana were Non-fillet Frozen Fish ($260k), Edible Offal ($53.3k), and Sheep and Goat Meat ($21.2k). During the last 5 years the exports of Iceland to Ghana have decreased at an annualized rate of 20.7%, from $1.15M in 2023 to $360k in 2018.

Exports from Ghana (Flag) to Iceland (Flag) (2023)

Exports from Iceland (Flag) to Ghana (Flag) (2023)

Latest Data

Trade between Ghana (Flag) and Iceland (Flag)

Ghana Exports

Iceland Exports

Market Competitiveness

Color
Ghana
Top DestinationSwitzerland$6.49B
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from Ghana than Iceland included Switzerland ($6.49B), United Arab Emirates ($4.93B), and India ($2.26B).

In 2023, countries that imported more from Iceland than Ghana included Netherlands ($1.97B), Germany ($771M), and Norway ($444M).

Difference in imports from Iceland (Flag) and Ghana (Flag) (2023)

Comparative Advantage Ghana - Iceland

Flow
Scale

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

During 2023, Ghana had a large net trade with Iceland in the exports of Vegetable Products ($303k), Foodstuffs ($214k), and Mineral Products ($13.6k).

During 2018, Iceland had a large net trade with Ghana in the exports of Animal Products ($335k), Transportation ($16.8k), and Instruments ($5.68k).

Economic Complexity

Competitive Landscape

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

Product Space of Ghana (Flag) and Iceland (Flag) (2023)

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