Ghana (GHA) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Ghana-Mongolia Trade: In 2022, Ghana exported $1.57k to Mongolia. The main products that Ghana exported to Mongolia were Tropical Fruits ($1.57k). Over the past 7 years the exports of Ghana to Mongolia have increased at an annualized rate of 18.2%, from $487 in 2015 to $1.57k in 2022.

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

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

In 2022, Mongolia 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, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $1.57k to Mongolia. The main products exported from Ghana to Mongolia were Tropical Fruits ($1.57k). During the last 7 years the exports of Ghana to Mongolia have increased at an annualized rate of 18.2%, from $487 in 2015 to $1.57k in 2022.

Mongolia does not register exports to Ghana.

Exports from Ghana () to Mongolia () (2022)

Exports from Mongolia () to Ghana () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Ghana than Mongolia included United Arab Emirates ($4.72B), United States ($2.83B), and India ($2.04B).

In 2022, countries that imported more from Mongolia than Ghana included China ($10.6B), Singapore ($346M), and South Korea ($259M).

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

Comparative Advantage Ghana - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with Mongolia in the exports of Vegetable Products ($1.57k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Mongolia+$4.24kTropical Fruits

Top Product Potential Mongolia Ghana+$2.59kCoal Briquettes

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Mongolia () (2022)

Exports from Mongolia () to Ghana () (2022)

Market Competitiveness

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

Comparative Advantage Ghana - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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