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

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Ghana-Uruguay Trade: In 2023, Ghana exported $1.27M to Uruguay. The main products that Ghana exported to Uruguay were Cocoa Paste ($609k), Special purpose motor vehicles ($412k), and Cocoa Shells ($136k). Over the past 5 years the exports of Ghana to Uruguay have decreased at an annualized rate of 14.2%, from $2.73M in 2018 to $1.27M in 2023.

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

Uruguay-Ghana Trade: In 2023, Uruguay exported $2.71M to Ghana. The main products that Uruguay exported to Ghana were Concentrated Milk ($1.19M), Animal Organs ($762k), and Non-fillet Frozen Fish ($430k). Over the past 5 years the exports of Uruguay to Ghana have decreased at an annualized rate of 15%, from $6.12M in 2018 to $2.71M in 2023.

In 2023, Uruguay 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, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ghana exported $1.27M to Uruguay. The main products exported from Ghana to Uruguay were Cocoa Paste ($609k), Special purpose motor vehicles ($412k), and Cocoa Shells ($136k). During the last 5 years the exports of Ghana to Uruguay have decreased at an annualized rate of 14.2%, from $2.73M in 2018 to $1.27M in 2023.

In 2018, Uruguay exported $2.71M to Ghana. The main products exported from Uruguay to Ghana were Concentrated Milk ($1.19M), Animal Organs ($762k), and Non-fillet Frozen Fish ($430k). During the last 5 years the exports of Uruguay to Ghana have decreased at an annualized rate of 15%, from $6.12M in 2023 to $2.71M in 2018.

Exports from Ghana () to Uruguay () (2023)

Exports from Uruguay () to Ghana () (2023)

Latest Data

Trade between Ghana () and Uruguay ()

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationSwitzerland$6.49B

Uruguay
Top DestinationChina$2.34B

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 2023, countries that imported more from Ghana than Uruguay included Switzerland ($6.49B), United Arab Emirates ($4.93B), and India ($2.26B).

In 2023, countries that imported more from Uruguay than Ghana included Brazil ($1.92B), Argentina ($569M), and China ($2.34B).

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

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 2023, Ghana had a large net trade with Uruguay in the exports of Foodstuffs ($765k), Transportation ($412k), and Machines ($89.3k).

During 2018, Uruguay had a large net trade with Ghana in the exports of Animal Products ($2.5M), Plastics and Rubbers ($176k), and Vegetable Products ($21.5k).

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 () (2023)

Exports from Uruguay () to Ghana () (2023)

Latest Data

Trade between Ghana () and Uruguay ()

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Ghana - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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