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Pricing

2022
Flag → Flag
Exports $27.1MRnk 31 / 133
2022
Flag → Flag
Top Product $15.4MManganese Ore
2022
Flag → Flag
Exports $42.1MRnk 76 / 191
2022
Flag → Flag
Top Product $14.8MHot-Rolled Iron Bars
2022
Flag
Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
Flag  
GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
 GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 186
2022
Flag
GDP PC $2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186
2022
Flag
GDP PC$4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186

About

Ghana-Ukraine Trade: In 2022, Ghana exported $27.1M to Ukraine. The main products that Ghana exported to Ukraine were Manganese Ore ($15.4M), Cocoa Powder ($4.24M), and Aluminium Ore ($3.07M). Over the past 5 years the exports of Ghana to Ukraine have decreased at an annualized rate of 25.2%, from $116M in 2017 to $27.1M in 2022.

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

Ukraine-Ghana Trade: In 2022, Ukraine exported $42.1M to Ghana. The main products that Ukraine exported to Ghana were Hot-Rolled Iron Bars ($14.8M), Cold-Rolled Iron ($7.75M), and Seed Oils ($6.22M). Over the past 5 years the exports of Ukraine to Ghana have decreased at an annualized rate of 8.85%,  from $67M in 2017 to $42.1M in 2022.

In 2022, Ukraine 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, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ghana exported $27.1M to Ukraine. The main products exported from Ghana to Ukraine were Manganese Ore ($15.4M), Cocoa Powder ($4.24M), and Aluminium Ore ($3.07M). During the last 5 years the exports of Ghana to Ukraine have decreased at an annualized rate of 25.2%, from $116M in 2017 to $27.1M in 2022.

In 2017, Ukraine exported $42.1M to Ghana. The main products exported from Ukraine to Ghana were Hot-Rolled Iron Bars ($14.8M), Cold-Rolled Iron ($7.75M), and Seed Oils ($6.22M). During the last 5 years the exports of Ukraine to Ghana have decreased at an annualized rate of 8.85%, from $67M in 2022 to $42.1M in 2017.

Exports from Ghana (Flag) to Ukraine (Flag) (2022)

Exports from Ukraine (Flag) to Ghana (Flag) (2022)

Latest Data

Trade between Ghana (Flag) and Ukraine (Flag)

Ghana Exports

Ukraine Exports

Market Competitiveness

Color
Ghana
Top DestinationUnited Arab Emirates$4.72B
Ukraine
Top DestinationPoland$6.7B

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

In 2022, countries that imported more from Ghana than Ukraine included United Arab Emirates ($4.72B), Switzerland ($3.37B), and United States ($2.83B).

In 2022, countries that imported more from Ukraine than Ghana included Poland ($6.7B), Romania ($3.94B), and Turkey ($3.02B).

Difference in imports from Ukraine (Flag) and Ghana (Flag) (2022)

Comparative Advantage Ghana - Ukraine

Flow
Scale

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

During 2022, Ghana had a large net trade with Ukraine in the exports of Mineral Products ($18.5M), Foodstuffs ($7.4M), and Plastics and Rubbers ($1.03M).

During 2017, Ukraine had a large net trade with Ghana in the exports of Metals ($26.2M), Animal and Vegetable Bi-Products ($6.72M), and Vegetable Products ($2.74M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ghana Ukraine+$5.15kCrude Petroleum
Top Product Potential Ukraine Ghana+$3.87kWheat

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

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

Product Space of Ghana (Flag) and Ukraine (Flag) (2022)

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