Ghana (GHA) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Ghana-Singapore Trade: In 2023, Ghana exported $45.4M to Singapore. The main products that Ghana exported to Singapore were Cocoa Beans ($30.1M), Cocoa Paste ($11.1M), and Coconuts, Brazil Nuts, and Cashews ($1.05M). Over the past 5 years the exports of Ghana to Singapore have decreased at an annualized rate of 19.9%, from $138M in 2018 to $45.4M in 2023.

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

Singapore-Ghana Trade: In 2023, Singapore exported $117M to Ghana. The main products that Singapore exported to Ghana were Refined Petroleum ($54.4M), Malt Extract ($8.37M), and Passenger and Cargo Ships ($5.19M). Over the past 5 years the exports of Singapore to Ghana have decreased at an annualized rate of 5.32%, from $154M in 2018 to $117M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $45.4M to Singapore. The main products exported from Ghana to Singapore were Cocoa Beans ($30.1M), Cocoa Paste ($11.1M), and Coconuts, Brazil Nuts, and Cashews ($1.05M). During the last 5 years the exports of Ghana to Singapore have decreased at an annualized rate of 19.9%, from $138M in 2018 to $45.4M in 2023.

In 2018, Singapore exported $117M to Ghana. The main products exported from Singapore to Ghana were Refined Petroleum ($54.4M), Malt Extract ($8.37M), and Passenger and Cargo Ships ($5.19M). During the last 5 years the exports of Singapore to Ghana have decreased at an annualized rate of 5.32%, from $154M in 2023 to $117M in 2018.

Exports from Ghana () to Singapore () (2023)

Exports from Singapore () to Ghana () (2023)

Latest Data

Trade between Ghana () and Singapore ()

Ghana Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Singapore
Top DestinationHong Kong$44.5B

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

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

In 2023, countries that imported more from Singapore than Ghana included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

Comparative Advantage Ghana - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ghana had a large net trade with Singapore in the exports of Foodstuffs ($41.2M), Vegetable Products ($1.55M), and Metals ($900k).

During 2018, Singapore had a large net trade with Ghana in the exports of Mineral Products ($54.4M), Machines ($13.9M), and Metals ($11.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Singapore+$3.3MCocoa Paste

Top Product Potential Singapore Ghana+$13.2MRefined 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 Singapore. This means that a dot/product with the flag of Ghana indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Ghana.

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Singapore () (2023)

Exports from Singapore () to Ghana () (2023)

Latest Data

Trade between Ghana () and Singapore ()

Ghana Exports

Singapore Exports

Market Competitiveness

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

Comparative Advantage Ghana - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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