Ghana (GHA) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Ghana-Kuwait Trade: In 2022, Ghana exported $3.3M to Kuwait. The main products that Ghana exported to Kuwait were Gold ($1.87M), Tropical Fruits ($301k), and Other Furniture ($218k). Over the past 5 years the exports of Ghana to Kuwait have increased at an annualized rate of 20.1%, from $1.32M in 2017 to $3.3M in 2022.

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

Kuwait-Ghana Trade: In 2022, Kuwait exported $18.4M to Ghana. The main products that Kuwait exported to Ghana were Ethylene Polymers ($13.7M), Cars ($2.37M), and Sodium or Potassium Peroxides ($838k). Over the past 5 years the exports of Kuwait to Ghana have increased at an annualized rate of 30.7%, from $4.83M in 2017 to $18.4M in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $3.3M to Kuwait. The main products exported from Ghana to Kuwait were Gold ($1.87M), Tropical Fruits ($301k), and Other Furniture ($218k). During the last 5 years the exports of Ghana to Kuwait have increased at an annualized rate of 20.1%, from $1.32M in 2017 to $3.3M in 2022.

In 2017, Kuwait exported $18.4M to Ghana. The main products exported from Kuwait to Ghana were Ethylene Polymers ($13.7M), Cars ($2.37M), and Sodium or Potassium Peroxides ($838k). During the last 5 years the exports of Kuwait to Ghana have increased at an annualized rate of 30.7%, from $4.83M in 2022 to $18.4M in 2017.

Exports from Ghana () to Kuwait () (2022)

Exports from Kuwait () to Ghana () (2022)

Latest Data

Trade between Ghana () and Kuwait ()

Ghana Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Kuwait
Top DestinationChina$24.3B

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

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

In 2022, countries that imported more from Kuwait than Ghana included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Ghana - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with Kuwait in the exports of Precious Metals ($1.87M), Vegetable Products ($411k), and Foodstuffs ($349k).

During 2017, Kuwait had a large net trade with Ghana in the exports of Plastics and Rubbers ($13.7M), Transportation ($2.51M), and Chemical Products ($1.73M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Kuwait+$5.4MGold

Top Product Potential Kuwait Ghana+$2.1MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Kuwait () (2022)

Exports from Kuwait () to Ghana () (2022)

Latest Data

Trade between Ghana () and Kuwait ()

Ghana Exports

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Ghana - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ghana () and Kuwait () (2022)

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