Ghana (GHA) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Ghana-North Macedonia Trade: In 2022, Ghana exported $1.14M to North Macedonia. The main products that Ghana exported to North Macedonia were Cocoa Butter ($478k), Cocoa Paste ($404k), and Cocoa Powder ($184k). Over the past 5 years the exports of Ghana to North Macedonia have decreased at an annualized rate of 5.72%, from $1.52M in 2017 to $1.14M in 2022.

In 2022, Ghana did not export any services to North Macedonia.

North Macedonia-Ghana In N/A, North Macedonia did not export any products to Ghana.

In 2022, North Macedonia 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, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $1.14M to North Macedonia. The main products exported from Ghana to North Macedonia were Cocoa Butter ($478k), Cocoa Paste ($404k), and Cocoa Powder ($184k). During the last 5 years the exports of Ghana to North Macedonia have decreased at an annualized rate of 5.72%, from $1.52M in 2017 to $1.14M in 2022.

North Macedonia does not register exports to Ghana. The main products exported from North Macedonia to Ghana were Packaged Medicaments ($85.3k), Other Furniture ($23.3k), and Cranes ($20.5k).

Exports from Ghana () to North Macedonia () (2022)

Exports from North Macedonia () to Ghana () (2022)

Latest Data

Trade between Ghana () and North Macedonia ()

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

North Macedonia
Top DestinationGermany$3.96B

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

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

In 2022, countries that imported more from North Macedonia than Ghana included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

Difference in imports from North Macedonia () and Ghana () (2022)

Comparative Advantage Ghana - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with North Macedonia in the exports of Foodstuffs ($1.12M), Wood Products ($17.3k), and Vegetable Products ($873).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana North Macedonia+$159kCocoa Butter

Top Product Potential North Macedonia Ghana+$184kPackaged 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 North Macedonia. This means that a dot/product with the flag of Ghana indicates it has a comparative advantage over North Macedonia. Similarly, a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Ghana.

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to North Macedonia () (2022)

Exports from North Macedonia () to Ghana () (2022)

Latest Data

Trade between Ghana () and North Macedonia ()

North Macedonia Exports

Market Competitiveness

Difference in imports from North Macedonia () and Ghana () (2022)

Comparative Advantage Ghana - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ghana () and North Macedonia () (2022)

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