Ghana (GHA) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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Ghana-Saudi Arabia Trade: In 2023, Ghana exported $8.36M to Saudi Arabia. The main products that Ghana exported to Saudi Arabia were Cocoa Paste ($2.81M), Plywood ($2.2M), and Scrap Aluminium ($1.22M). Over the past 5 years the exports of Ghana to Saudi Arabia have increased at an annualized rate of 3.03%, from $7.2M in 2018 to $8.36M in 2023.

In 2023, Ghana did not export any services to Saudi Arabia.

Saudi Arabia-Ghana Trade: In 2023, Saudi Arabia exported $267M to Ghana. The main products that Saudi Arabia exported to Ghana were Refined Petroleum ($130M), Cement ($62.3M), and Ethylene Polymers ($38.2M). Over the past 5 years the exports of Saudi Arabia to Ghana have increased at an annualized rate of 16.6%, from $124M in 2018 to $267M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $8.36M to Saudi Arabia. The main products exported from Ghana to Saudi Arabia were Cocoa Paste ($2.81M), Plywood ($2.2M), and Scrap Aluminium ($1.22M). During the last 5 years the exports of Ghana to Saudi Arabia have increased at an annualized rate of 3.03%, from $7.2M in 2018 to $8.36M in 2023.

In 2018, Saudi Arabia exported $267M to Ghana. The main products exported from Saudi Arabia to Ghana were Refined Petroleum ($130M), Cement ($62.3M), and Ethylene Polymers ($38.2M). During the last 5 years the exports of Saudi Arabia to Ghana have increased at an annualized rate of 16.6%, from $124M in 2023 to $267M in 2018.

Exports from Ghana () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Ghana () (2023)

Latest Data

Trade between Ghana () and Saudi Arabia ()

Ghana Exports

Date

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Saudi Arabia
Top DestinationChina$64.4B

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

In 2023, countries that imported more from Ghana than Saudi Arabia included Switzerland ($6.49B), Burkina Faso ($574M), and Togo ($261M).

In 2023, countries that imported more from Saudi Arabia than Ghana included China ($64.4B), Japan ($34.7B), and India ($34.8B).

Difference in imports from Saudi Arabia () and Ghana () (2023)

Comparative Advantage Ghana - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Saudi Arabia in the exports of Wood Products ($3.84M), Foodstuffs ($3.04M), and Metals ($1.22M).

During 2018, Saudi Arabia had a large net trade with Ghana in the exports of Mineral Products ($192M), Plastics and Rubbers ($60.8M), and Chemical Products ($7.19M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Saudi Arabia+$9.91kGold

Top Product Potential Saudi Arabia Ghana+$8.07kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Ghana () (2023)

Latest Data

Trade between Ghana () and Saudi Arabia ()

Ghana Exports

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Ghana () (2023)

Comparative Advantage Ghana - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ghana () and Saudi Arabia () (2023)

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