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2022
Flag → Flag
Exports $173kRnk 31 / 0
2022
Flag → Flag
Exports $101kRnk 87 / 122
2022
Flag → Flag
Top Product $88.6kAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2023
Flag
Economic Complexity (ECI) ECI -0.97Rnk 109 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$76.4BCURRENT US$
Rnk 82 / 195
2013-2023
Flag
GDP GROWTH21.6%CURRENT US$
Rnk 135 / 195
2023
Flag
GDP PC $2,260CURRENT US$
Rnk 152 / 195
2013-2023
Flag
GDP PC GROWTH-1.47%CURRENT US$
Rnk 154 / 195

About

Ghana-Venezuela Trade: In 2022, Ghana exported $173k to Venezuela. The main products that Ghana exported to Venezuela were N/A. Over the past 9 years the exports of Ghana to Venezuela have increased at an annualized rate of 24.4%, from $24.2k in 2013 to $173k in 2022.

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

Venezuela-Ghana Trade: In 2022, Venezuela exported $101k to Ghana. The main products that Venezuela exported to Ghana were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($88.6k), Tanned Equine and Bovine Hides ($11.7k), and Air Pumps ($269). Over the past 9 years the exports of Venezuela to Ghana have increased at an annualized rate of 92.2%,  from $3.83k in 2013 to $101k in 2022.

In 2022, Venezuela 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, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ghana exported $173k to Venezuela. There were not main exports from Ghana to Venezuela in 2022. During the last 9 years the exports of Ghana to Venezuela have increased at an annualized rate of 24.4%, from $24.2k in 2013 to $173k in 2022.

In 2018, Venezuela exported $101k to Ghana. The main products exported from Venezuela to Ghana were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($88.6k), Tanned Equine and Bovine Hides ($11.7k), and Air Pumps ($269). During the last 5 years the exports of Venezuela to Ghana have increased at an annualized rate of 92.2%, from $3.83k in 2023 to $101k in 2018.

Exports from Ghana (Flag) to Venezuela (Flag) (2023)

Exports from Venezuela (Flag) to Ghana (Flag) (2023)

Latest Data

Trade between Ghana (Flag) and Venezuela (Flag)

Ghana Exports

Date

Market Competitiveness

Color
Ghana
Top DestinationSwitzerland$6.49B
Venezuela
Top DestinationUnited States$3.81B

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

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

In 2023, countries that imported more from Venezuela than Ghana included United States ($3.81B), Spain ($670M), and Colombia ($131M).

Difference in imports from Venezuela (Flag) and Ghana (Flag) (2023)

Comparative Advantage Ghana - Venezuela

Flow
Scale

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

During 2022, Ghana had a large net trade with Venezuela in the exports of .

During 2018, Venezuela had a large net trade with Ghana in the exports of Chemical Products ($88.6k), Animal Hides ($11.7k), and Machines ($269).

Economic Complexity

Competitive Landscape

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

Product Space of Ghana (Flag) and Venezuela (Flag) (2023)

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