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Pricing

2022
Flag → Flag
Exports $47.7MRnk 27 / 133
2022
Flag → Flag
Top Product $20.4MChocolate
2022
Flag → Flag
Exports $173MRnk 41 / 166
2022
Flag → Flag
Top Product $34.8MPassenger and Cargo Ships
2022
Flag
Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186
2022
Flag
GDP PC$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

Ghana-Nigeria Trade: In 2022, Ghana exported $47.7M to Nigeria. The main products that Ghana exported to Nigeria were Chocolate ($20.4M), Palm Oil ($8.64M), and Prepared Cereals ($2.49M). Over the past 5 years the exports of Ghana to Nigeria have decreased at an annualized rate of 9.51%, from $78.6M in 2017 to $47.7M in 2022.

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

Nigeria-Ghana Trade: In 2022, Nigeria exported $173M to Ghana. The main products that Nigeria exported to Ghana were Passenger and Cargo Ships ($34.8M), Planes, Helicopters, and/or Spacecraft ($29.6M), and Special Purpose Ships ($16.7M). Over the past 5 years the exports of Nigeria to Ghana have decreased at an annualized rate of 10.7%,  from $304M in 2017 to $173M in 2022.

In 2022, Nigeria 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, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ghana exported $47.7M to Nigeria. The main products exported from Ghana to Nigeria were Chocolate ($20.4M), Palm Oil ($8.64M), and Prepared Cereals ($2.49M). During the last 5 years the exports of Ghana to Nigeria have decreased at an annualized rate of 9.51%, from $78.6M in 2017 to $47.7M in 2022.

In 2017, Nigeria exported $173M to Ghana. The main products exported from Nigeria to Ghana were Passenger and Cargo Ships ($34.8M), Planes, Helicopters, and/or Spacecraft ($29.6M), and Special Purpose Ships ($16.7M). During the last 5 years the exports of Nigeria to Ghana have decreased at an annualized rate of 10.7%, from $304M in 2022 to $173M in 2017.

Exports from Ghana (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to Ghana (Flag) (2022)

Latest Data

Trade between Ghana (Flag) and Nigeria (Flag)

Ghana Exports

Nigeria Exports

Market Competitiveness

Color
Ghana
Top DestinationUnited Arab Emirates$4.72B
Nigeria
Top DestinationSpain$9.41B

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 2022, countries that imported more from Ghana than Nigeria included United Arab Emirates ($4.72B), Switzerland ($3.37B), and China ($2.01B).

In 2022, countries that imported more from Nigeria than Ghana included Spain ($9.41B), India ($8.2B), and France ($4.95B).

Difference in imports from Nigeria (Flag) and Ghana (Flag) (2022)

Comparative Advantage Ghana - Nigeria

Flow
Scale

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

During 2022, Ghana had a large net trade with Nigeria in the exports of Foodstuffs ($26M), Animal and Vegetable Bi-Products ($11.7M), and Machines ($2.83M).

During 2017, Nigeria had a large net trade with Ghana in the exports of Transportation ($85.1M), Foodstuffs ($31.7M), and Chemical Products ($16.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Ghana (Flag) and Nigeria (Flag) (2022)

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