2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
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GDP GROWTH
76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
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GDP PC 
$2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH
41.6%CURRENT US$
Rnk 46 / 186
2022
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GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Ghana-South Korea In 2022, Ghana exported $35.4M to South Korea. The main products that Ghana exported to South Korea are Cocoa Beans ($9.91M), Paintings ($9.71M), and Scrap Copper ($8.32M). During the last 27 years the exports of Ghana to South Korea have increased at an annualized rate of 5.15%, from $9.13M in 1995 to $35.4M in 2022.

In 2022, Ghana did not export any services to South Korea.

South Korea-Ghana In 2022, South Korea exported $209M to Ghana. The main products that South Korea exported to Ghana were Ethylene Polymers ($22.2M), Non-fillet Frozen Fish ($21.8M), and Acrylic Polymers ($21.2M). During the last 27 years the exports of South Korea to Ghana have increased at an annualized rate of 6.58%, from $37.5M in 1995 to $209M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ghana exported $35.4M to South Korea. The main products exported from Ghana to South Korea were Cocoa Beans ($9.91M), Paintings ($9.71M), and Scrap Copper ($8.32M). During the last 27 years the exports of Ghana to South Korea have increased at an annualized rate of 5.15%, from $9.13M in 1995 to $35.4M in 2022.

In 2022, South Korea exported $209M to Ghana. The main products exported from South Korea to Ghana were Ethylene Polymers ($22.2M), Non-fillet Frozen Fish ($21.8M), and Acrylic Polymers ($21.2M). During the last 27 years the exports of South Korea to Ghana have increased at an annualized rate of 6.58%, from $37.5M in 1995 to $209M in 2022.

Exports from Ghana (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Ghana (Flag) (2022)

Latest Data

Trade between Ghana (Flag) and South Korea (Flag)

Ghana Exports

South Korea Exports

Market Competitiveness

Color
Ghana
Top Destination
United Arab Emirates$4.72B
South Korea
Top Destination
China$150B

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

In 2021, countries that imported more from Ghana than South Korea were Switzerland ($3.37B), United Arab Emirates ($4.72B), and Burkina Faso ($285M).

In 2021, countries that imported more from South Korea than Ghana were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Ghana (Flag) (2022)

Comparative Advantage Ghana - South Korea

Flow
Scale

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

During 2022, Ghana had a large net trade with South Korea in the exports of Foodstuffs ($11.7M), Arts and Antiques ($9.71M), and Metals ($9.35M).

During 2022, South Korea had a large net trade with Ghana in the exports of Plastics and Rubbers ($74.8M), Transportation ($34.6M), and Chemical Products ($26.9M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Ghana has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Ghana.

Product Space of Ghana (Flag) and South Korea (Flag) (2022)

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