Ghana (GHA) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Ghana-Sweden Trade: In 2022, Ghana exported $1.58M to Sweden. The main products that Ghana exported to Sweden were Excavation Machinery ($447k), Interchangeable Tool Parts ($282k), and Tropical Fruits ($263k). Over the past 5 years the exports of Ghana to Sweden have decreased at an annualized rate of 21.9%, from $5.43M in 2017 to $1.58M in 2022.

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

Sweden-Ghana Trade: In 2022, Sweden exported $76.9M to Ghana. The main products that Sweden exported to Ghana were Nitrogenous Fertilizers ($14.6M), Excavation Machinery ($13.8M), and Concentrated Milk ($7.81M). Over the past 5 years the exports of Sweden to Ghana have decreased at an annualized rate of 5.07%, from $111M in 2017 to $76.9M in 2022.

In 2022, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $1.58M to Sweden. The main products exported from Ghana to Sweden were Excavation Machinery ($447k), Interchangeable Tool Parts ($282k), and Tropical Fruits ($263k). During the last 5 years the exports of Ghana to Sweden have decreased at an annualized rate of 21.9%, from $5.43M in 2017 to $1.58M in 2022.

In 2017, Sweden exported $76.9M to Ghana. The main products exported from Sweden to Ghana were Nitrogenous Fertilizers ($14.6M), Excavation Machinery ($13.8M), and Concentrated Milk ($7.81M). During the last 5 years the exports of Sweden to Ghana have decreased at an annualized rate of 5.07%, from $111M in 2022 to $76.9M in 2017.

Exports from Ghana () to Sweden () (2022)

Exports from Sweden () to Ghana () (2022)

Latest Data

Trade between Ghana () and Sweden ()

Ghana Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Sweden
Top DestinationGermany$19.2B

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

In 2022, countries that imported more from Ghana than Sweden included United Arab Emirates ($4.72B), Switzerland ($3.37B), and India ($2.04B).

In 2022, countries that imported more from Sweden than Ghana included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

Difference in imports from Sweden () and Ghana () (2022)

Comparative Advantage Ghana - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with Sweden in the exports of Machines ($641k), Metals ($319k), and Vegetable Products ($280k).

During 2017, Sweden had a large net trade with Ghana in the exports of Machines ($29.7M), Chemical Products ($17.5M), and Animal Products ($12.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Sweden+$396kExcavation Machinery

Top Product Potential Sweden Ghana+$2.22MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Sweden () (2022)

Exports from Sweden () to Ghana () (2022)

Latest Data

Trade between Ghana () and Sweden ()

Ghana Exports

Sweden Exports

Market Competitiveness

Difference in imports from Sweden () and Ghana () (2022)

Comparative Advantage Ghana - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ghana () and Sweden () (2022)

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