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2022
Flag → Flag
Exports $373kRnk 86 / 133
2022
Flag → Flag
Top Product $179kTropical Fruits
2022
Flag → Flag
Exports $83.8kRnk 115 / 160
2022
Flag → Flag
Top Product $48.9kProcessed Bones
2022
Flag
Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
Flag  
GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC $2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186
2022
Flag
GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Ghana-Iceland Trade: In 2022, Ghana exported $373k to Iceland. The main products that Ghana exported to Iceland were Tropical Fruits ($179k), Processed Fish ($102k), and Refined Petroleum ($29k). Over the past 5 years the exports of Ghana to Iceland have decreased at an annualized rate of 2.57%, from $425k in 2017 to $373k in 2022.

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

Iceland-Ghana Trade: In 2022, Iceland exported $83.8k to Ghana. The main products that Iceland exported to Ghana were Processed Bones ($48.9k), Edible Offal ($26.5k), and Broadcasting Equipment ($5.67k). Over the past 5 years the exports of Iceland to Ghana have decreased at an annualized rate of 46.3%,  from $1.88M in 2017 to $83.8k in 2022.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ghana exported $373k to Iceland. The main products exported from Ghana to Iceland were Tropical Fruits ($179k), Processed Fish ($102k), and Refined Petroleum ($29k). During the last 5 years the exports of Ghana to Iceland have decreased at an annualized rate of 2.57%, from $425k in 2017 to $373k in 2022.

In 2017, Iceland exported $83.8k to Ghana. The main products exported from Iceland to Ghana were Processed Bones ($48.9k), Edible Offal ($26.5k), and Broadcasting Equipment ($5.67k). During the last 5 years the exports of Iceland to Ghana have decreased at an annualized rate of 46.3%, from $1.88M in 2022 to $83.8k in 2017.

Exports from Ghana (Flag) to Iceland (Flag) (2022)

Exports from Iceland (Flag) to Ghana (Flag) (2022)

Latest Data

Trade between Ghana (Flag) and Iceland (Flag)

Ghana Exports

Iceland Exports

Market Competitiveness

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

In 2022, countries that imported more from Iceland than Ghana included Netherlands ($1.97B), Norway ($459M), and Poland ($367M).

Difference in imports from Iceland (Flag) and Ghana (Flag) (2022)

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 2022, Ghana had a large net trade with Iceland in the exports of Vegetable Products ($192k), Foodstuffs ($141k), and Mineral Products ($29k).

During 2017, Iceland had a large net trade with Ghana in the exports of Animal Products ($75.4k), Machines ($6.52k), and Instruments ($1.35k).

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) (2022)

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