Ghana (GHA) and Portugal (PRT) Trade | The Observatory of Economic Complexity

About

Ghana-Portugal Trade: In 2023, Ghana exported $247M to Portugal. The main products that Ghana exported to Portugal were Crude Petroleum ($233M), Fish Fillets ($3.51M), and Cocoa Paste ($2.65M). Over the past 5 years the exports of Ghana to Portugal have increased at an annualized rate of 23.8%, from $84.6M in 2018 to $247M in 2023.

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

Portugal-Ghana Trade: In 2023, Portugal exported $28.8M to Ghana. The main products that Portugal exported to Ghana were Flavored Water ($3.32M), Uncoated Paper ($3.17M), and Quicklime ($810k). Over the past 5 years the exports of Portugal to Ghana have decreased at an annualized rate of 6.52%, from $40.4M in 2018 to $28.8M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $247M to Portugal. The main products exported from Ghana to Portugal were Crude Petroleum ($233M), Fish Fillets ($3.51M), and Cocoa Paste ($2.65M). During the last 5 years the exports of Ghana to Portugal have increased at an annualized rate of 23.8%, from $84.6M in 2018 to $247M in 2023.

In 2018, Portugal exported $28.8M to Ghana. The main products exported from Portugal to Ghana were Flavored Water ($3.32M), Uncoated Paper ($3.17M), and Quicklime ($810k). During the last 5 years the exports of Portugal to Ghana have decreased at an annualized rate of 6.52%, from $40.4M in 2023 to $28.8M in 2018.

Exports from Ghana () to Portugal () (2023)

Exports from Portugal () to Ghana () (2023)

Latest Data

Trade between Ghana () and Portugal ()

Ghana Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Ghana than Portugal included Switzerland ($6.49B), United Arab Emirates ($4.93B), and India ($2.26B).

In 2023, countries that imported more from Portugal than Ghana included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Ghana - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Portugal in the exports of Mineral Products ($233M), Animal Products ($5.96M), and Foodstuffs ($4.9M).

During 2018, Portugal had a large net trade with Ghana in the exports of Machines ($6.16M), Foodstuffs ($4.83M), and Paper Goods ($4.57M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Portugal+$751kProcessed Fish

Top Product Potential Portugal Ghana+$2.47MDelivery Trucks

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Ghana and Portugal. This means that a dot/product with the flag of Ghana indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Ghana.

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Portugal () (2023)

Exports from Portugal () to Ghana () (2023)

Latest Data

Trade between Ghana () and Portugal ()

Ghana Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage Ghana - Portugal

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring