Ghana (GHA) and Italy (ITA) Trade | The Observatory of Economic Complexity

About

Ghana-Italy Trade: In 2022, Ghana exported $569M to Italy. The main products that Ghana exported to Italy were Crude Petroleum ($332M), Raw Aluminium ($90M), and Cocoa Beans ($36.8M). Over the past 5 years the exports of Ghana to Italy have increased at an annualized rate of 23.8%, from $196M in 2017 to $569M in 2022.

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

Italy-Ghana Trade: In 2022, Italy exported $235M to Ghana. The main products that Italy exported to Ghana were Cellulose Fibers Paper ($12.9M), Washing and Bottling Machines ($12.6M), and Gas Turbines ($11.2M). Over the past 5 years the exports of Italy to Ghana have decreased at an annualized rate of 4.78%, from $300M in 2017 to $235M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $569M to Italy. The main products exported from Ghana to Italy were Crude Petroleum ($332M), Raw Aluminium ($90M), and Cocoa Beans ($36.8M). During the last 5 years the exports of Ghana to Italy have increased at an annualized rate of 23.8%, from $196M in 2017 to $569M in 2022.

In 2017, Italy exported $235M to Ghana. The main products exported from Italy to Ghana were Cellulose Fibers Paper ($12.9M), Washing and Bottling Machines ($12.6M), and Gas Turbines ($11.2M). During the last 5 years the exports of Italy to Ghana have decreased at an annualized rate of 4.78%, from $300M in 2022 to $235M in 2017.

Exports from Ghana () to Italy () (2022)

Exports from Italy () to Ghana () (2022)

Latest Data

Trade between Ghana () and Italy ()

Ghana Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Ghana than Italy included Burkina Faso ($285M), Togo ($111M), and Niger ($56.3M).

In 2022, countries that imported more from Italy than Ghana included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Ghana - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with Italy in the exports of Mineral Products ($332M), Metals ($121M), and Foodstuffs ($69.2M).

During 2017, Italy had a large net trade with Ghana in the exports of Machines ($86.4M), Chemical Products ($27.9M), and Metals ($20.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Italy+$214MCrude Petroleum

Top Product Potential Italy Ghana+$6.67MPackaged Medicaments

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 Italy. This means that a dot/product with the flag of Ghana indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Ghana.

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Italy () (2022)

Exports from Italy () to Ghana () (2022)

Latest Data

Trade between Ghana () and Italy ()

Ghana Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Ghana - Italy

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 Italy () (2022)

Keep Exploring