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

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Ghana-Italy Trade: In 2023, Ghana exported $748M to Italy. The main products that Ghana exported to Italy were Crude Petroleum ($551M), Raw Aluminium ($64.2M), and Cocoa Beans ($35M). Over the past 5 years the exports of Ghana to Italy have increased at an annualized rate of 34.4%, from $171M in 2018 to $748M in 2023.

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

Italy-Ghana Trade: In 2023, Italy exported $214M to Ghana. The main products that Italy exported to Ghana were Gas Turbines ($10.2M), Washing and Bottling Machines ($8.63M), and Industrial Food Preperation Machinery ($7.99M). Over the past 5 years the exports of Italy to Ghana have decreased at an annualized rate of 7.83%, from $322M in 2018 to $214M in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $748M to Italy. The main products exported from Ghana to Italy were Crude Petroleum ($551M), Raw Aluminium ($64.2M), and Cocoa Beans ($35M). During the last 5 years the exports of Ghana to Italy have increased at an annualized rate of 34.4%, from $171M in 2018 to $748M in 2023.

In 2018, Italy exported $214M to Ghana. The main products exported from Italy to Ghana were Gas Turbines ($10.2M), Washing and Bottling Machines ($8.63M), and Industrial Food Preperation Machinery ($7.99M). During the last 5 years the exports of Italy to Ghana have decreased at an annualized rate of 7.83%, from $322M in 2023 to $214M in 2018.

Exports from Ghana () to Italy () (2023)

Exports from Italy () to Ghana () (2023)

Latest Data

Trade between Ghana () and Italy ()

Ghana Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Italy
Top DestinationGermany$71.4B

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 2023, countries that imported more from Ghana than Italy included Burkina Faso ($574M), Uganda ($237M), and Togo ($261M).

In 2023, countries that imported more from Italy than Ghana included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

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 2023, Ghana had a large net trade with Italy in the exports of Mineral Products ($551M), Foodstuffs ($84.2M), and Metals ($74.3M).

During 2018, Italy had a large net trade with Ghana in the exports of Machines ($78.8M), Chemical Products ($37.9M), and Foodstuffs ($18.6M).

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.

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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 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.

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Historical Data

Bilateral Trade by Products

Exports from Ghana () to Italy () (2023)

Exports from Italy () to Ghana () (2023)

Latest Data

Trade between Ghana () and Italy ()

Ghana Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Ghana - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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