Ghana (GHA) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Ghana-Uruguay Trade: In 2022, Ghana exported $968k to Uruguay. The main products that Ghana exported to Uruguay were Cocoa Paste ($819k), Cocoa Shells ($139k), and Cereal Flours ($10.1k). Over the past 5 years the exports of Ghana to Uruguay have decreased at an annualized rate of 20.6%, from $3.06M in 2017 to $968k in 2022.

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

Uruguay-Ghana Trade: In 2022, Uruguay exported $1.66M to Ghana. The main products that Uruguay exported to Ghana were Non-fillet Frozen Fish ($415k), Animal Organs ($390k), and Concentrated Milk ($375k). Over the past 5 years the exports of Uruguay to Ghana have increased at an annualized rate of 3.37%, from $1.41M in 2017 to $1.66M in 2022.

In 2022, Uruguay 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, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $968k to Uruguay. The main products exported from Ghana to Uruguay were Cocoa Paste ($819k), Cocoa Shells ($139k), and Cereal Flours ($10.1k). During the last 5 years the exports of Ghana to Uruguay have decreased at an annualized rate of 20.6%, from $3.06M in 2017 to $968k in 2022.

In 2017, Uruguay exported $1.66M to Ghana. The main products exported from Uruguay to Ghana were Non-fillet Frozen Fish ($415k), Animal Organs ($390k), and Concentrated Milk ($375k). During the last 5 years the exports of Uruguay to Ghana have increased at an annualized rate of 3.37%, from $1.41M in 2022 to $1.66M in 2017.

Exports from Ghana () to Uruguay () (2022)

Exports from Uruguay () to Ghana () (2022)

Latest Data

Trade between Ghana () and Uruguay ()

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Uruguay
Top DestinationChina$2.89B

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

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

In 2022, countries that imported more from Uruguay than Ghana included Brazil ($1.69B), Argentina ($999M), and China ($2.89B).

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

Comparative Advantage Ghana - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with Uruguay in the exports of Foodstuffs ($958k), Vegetable Products ($10.1k), and Wood Products ($378).

During 2017, Uruguay had a large net trade with Ghana in the exports of Animal Products ($1.31M) and Plastics and Rubbers ($351k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ghana Uruguay+$244kCocoa Paste

Top Product Potential Uruguay Ghana+$497kConcentrated Milk

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

About

Historical Data

Bilateral Trade by Products

Exports from Ghana () to Uruguay () (2022)

Exports from Uruguay () to Ghana () (2022)

Latest Data

Trade between Ghana () and Uruguay ()

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Ghana - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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