Greece (GRC) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Greece-Ghana Trade: In 2023, Greece exported $31.8M to Ghana. The main products that Greece exported to Ghana were Refined Petroleum ($6.55M), Prefabricated Buildings ($6.3M), and Pesticides ($4.91M). Over the past 5 years the exports of Greece to Ghana have decreased at an annualized rate of 13.4%, from $65.4M in 2018 to $31.8M in 2023.

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

Ghana-Greece Trade: In 2023, Ghana exported $17M to Greece. The main products that Ghana exported to Greece were Raw Lead ($5.65M), Cocoa Paste ($2.61M), and Scrap Copper ($2.05M). Over the past 5 years the exports of Ghana to Greece have decreased at an annualized rate of 0.53%, from $17.5M in 2018 to $17M in 2023.

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

Comparison: In 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). That same year, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Greece exported $31.8M to Ghana. The main products exported from Greece to Ghana were Refined Petroleum ($6.55M), Prefabricated Buildings ($6.3M), and Pesticides ($4.91M). During the last 5 years the exports of Greece to Ghana have decreased at an annualized rate of 13.4%, from $65.4M in 2018 to $31.8M in 2023.

In 2018, Ghana exported $17M to Greece. The main products exported from Ghana to Greece were Raw Lead ($5.65M), Cocoa Paste ($2.61M), and Scrap Copper ($2.05M). During the last 5 years the exports of Ghana to Greece have decreased at an annualized rate of 0.53%, from $17.5M in 2023 to $17M in 2018.

Exports from Greece () to Ghana () (2023)

Exports from Ghana () to Greece () (2023)

Latest Data

Trade between Greece () and Ghana ()

Greece Exports

Date

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Greece than Ghana included Italy ($6.21B), Cyprus ($3.03B), and Germany ($3.06B).

In 2023, countries that imported more from Ghana than Greece included Switzerland ($6.49B), United Arab Emirates ($4.93B), and South Africa ($1.85B).

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

Comparative Advantage Greece - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with Ghana in the exports of Mineral Products ($10.6M), Miscellaneous ($6.39M), and Chemical Products ($5.47M).

During 2018, Ghana had a large net trade with Greece in the exports of Metals ($8.18M), Wood Products ($3.88M), and Foodstuffs ($3.55M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Ghana+$1.47MRefined Petroleum

Top Product Potential Ghana Greece+$1.39MScrap Copper

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

About

Historical Data

Bilateral Trade by Products

Exports from Greece () to Ghana () (2023)

Exports from Ghana () to Greece () (2023)

Latest Data

Trade between Greece () and Ghana ()

Greece Exports

Ghana Exports

Market Competitiveness

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

Comparative Advantage Greece - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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