Ghana (GHA) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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Ghana-Nigeria Trade: In 2023, Ghana exported $116M to Nigeria. The main products that Ghana exported to Nigeria were Palm Oil ($32.1M), Chocolate ($30.4M), and Malt Extract ($9.63M). Over the past 5 years the exports of Ghana to Nigeria have increased at an annualized rate of 7.64%, from $79.9M in 2018 to $116M in 2023.

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

Nigeria-Ghana Trade: In 2023, Nigeria exported $162M to Ghana. The main products that Nigeria exported to Ghana were Special Purpose Ships ($19.7M), Rolled Tobacco ($11.8M), and Glass Bottles ($11.4M). Over the past 5 years the exports of Nigeria to Ghana have decreased at an annualized rate of 14.5%, from $355M in 2018 to $162M in 2023.

In 2023, Nigeria 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, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $116M to Nigeria. The main products exported from Ghana to Nigeria were Palm Oil ($32.1M), Chocolate ($30.4M), and Malt Extract ($9.63M). During the last 5 years the exports of Ghana to Nigeria have increased at an annualized rate of 7.64%, from $79.9M in 2018 to $116M in 2023.

In 2018, Nigeria exported $162M to Ghana. The main products exported from Nigeria to Ghana were Special Purpose Ships ($19.7M), Rolled Tobacco ($11.8M), and Glass Bottles ($11.4M). During the last 5 years the exports of Nigeria to Ghana have decreased at an annualized rate of 14.5%, from $355M in 2023 to $162M in 2018.

Exports from Ghana () to Nigeria () (2023)

Exports from Nigeria () to Ghana () (2023)

Latest Data

Trade between Ghana () and Nigeria ()

Ghana Exports

Date

Nigeria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Ghana than Nigeria included Switzerland ($6.49B), United Arab Emirates ($4.93B), and Burkina Faso ($574M).

In 2023, countries that imported more from Nigeria than Ghana included Spain ($5.76B), United States ($6.29B), and France ($4.76B).

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

Comparative Advantage Ghana - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Nigeria in the exports of Animal and Vegetable Bi-Products ($45.3M), Foodstuffs ($44.8M), and Transportation ($5.71M).

During 2018, Nigeria had a large net trade with Ghana in the exports of Foodstuffs ($42.2M), Transportation ($38.7M), and Stone And Glass ($23.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Nigeria+$2.73MPalm Oil

Top Product Potential Nigeria Ghana+$1.04MPesticides

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Nigeria () (2023)

Exports from Nigeria () to Ghana () (2023)

Latest Data

Trade between Ghana () and Nigeria ()

Ghana Exports

Nigeria Exports

Market Competitiveness

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

Comparative Advantage Ghana - Nigeria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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