Ghana (GHA) and Senegal (SEN) Trade | The Observatory of Economic Complexity

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Ghana-Senegal Trade: In 2023, Ghana exported $41.5M to Senegal. The main products that Ghana exported to Senegal were Petroleum Gas ($8.65M), Malt Extract ($8.15M), and Palm Oil ($4.44M). Over the past 5 years the exports of Ghana to Senegal have decreased at an annualized rate of 0.79%, from $43.2M in 2018 to $41.5M in 2023.

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

Senegal-Ghana Trade: In 2023, Senegal exported $22.5M to Ghana. The main products that Senegal exported to Ghana were Non-fillet Frozen Fish ($7.65M), Tropical Fruits ($2.24M), and Wheat ($2.03M). Over the past 5 years the exports of Senegal to Ghana have decreased at an annualized rate of 4.28%, from $28M in 2018 to $22.5M in 2023.

In 2023, Senegal 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, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $41.5M to Senegal. The main products exported from Ghana to Senegal were Petroleum Gas ($8.65M), Malt Extract ($8.15M), and Palm Oil ($4.44M). During the last 5 years the exports of Ghana to Senegal have decreased at an annualized rate of 0.79%, from $43.2M in 2018 to $41.5M in 2023.

In 2018, Senegal exported $22.5M to Ghana. The main products exported from Senegal to Ghana were Non-fillet Frozen Fish ($7.65M), Tropical Fruits ($2.24M), and Wheat ($2.03M). During the last 5 years the exports of Senegal to Ghana have decreased at an annualized rate of 4.28%, from $28M in 2023 to $22.5M in 2018.

Exports from Ghana () to Senegal () (2023)

Exports from Senegal () to Ghana () (2023)

Latest Data

Trade between Ghana () and Senegal ()

Ghana Exports

Date

Senegal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Senegal
Top DestinationMali$1.22B

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

In 2023, countries that imported more from Ghana than Senegal included Switzerland ($6.49B), United Arab Emirates ($4.93B), and South Africa ($1.85B).

In 2023, countries that imported more from Senegal than Ghana included Mali ($1.22B), Australia ($233M), and Gambia ($210M).

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

Comparative Advantage Ghana - Senegal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Senegal in the exports of Foodstuffs ($10.3M), Mineral Products ($8.88M), and Animal and Vegetable Bi-Products ($4.58M).

During 2018, Senegal had a large net trade with Ghana in the exports of Animal Products ($8.88M), Vegetable Products ($4.3M), and Chemical Products ($2.94M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Senegal+$296kSawn Wood

Top Product Potential Senegal Ghana+$1.44MRefined 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 Senegal. This means that a dot/product with the flag of Ghana indicates it has a comparative advantage over Senegal. Similarly, a dot/product with the flag of Senegal indicates it has a comparative advantage over Ghana.

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Senegal () (2023)

Exports from Senegal () to Ghana () (2023)

Latest Data

Trade between Ghana () and Senegal ()

Ghana Exports

Senegal Exports

Market Competitiveness

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

Comparative Advantage Ghana - Senegal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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