Indonesia (IDN) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Indonesia-Ghana Trade: In 2023, Indonesia exported $123M to Ghana. The main products that Indonesia exported to Ghana were Palm Oil ($24.4M), Soap ($21.6M), and Margarine ($15.9M). Over the past 5 years the exports of Indonesia to Ghana have decreased at an annualized rate of 0.46%, from $126M in 2018 to $123M in 2023.

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

Ghana-Indonesia Trade: In 2023, Ghana exported $26.8M to Indonesia. The main products that Ghana exported to Indonesia were Rubber ($11.2M), Cocoa Beans ($9.44M), and Cocoa Paste ($4.8M). Over the past 5 years the exports of Ghana to Indonesia have increased at an annualized rate of 8.25%, from $18M in 2018 to $26.8M in 2023.

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

Comparison: In 2023, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). 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, Indonesia exported $123M to Ghana. The main products exported from Indonesia to Ghana were Palm Oil ($24.4M), Soap ($21.6M), and Margarine ($15.9M). During the last 5 years the exports of Indonesia to Ghana have decreased at an annualized rate of 0.46%, from $126M in 2018 to $123M in 2023.

In 2018, Ghana exported $26.8M to Indonesia. The main products exported from Ghana to Indonesia were Rubber ($11.2M), Cocoa Beans ($9.44M), and Cocoa Paste ($4.8M). During the last 5 years the exports of Ghana to Indonesia have increased at an annualized rate of 8.25%, from $18M in 2023 to $26.8M in 2018.

Exports from Indonesia () to Ghana () (2023)

Exports from Ghana () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Ghana ()

Indonesia Exports

Date

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$70.7B

Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Indonesia than Ghana included China ($70.7B), United States ($27.9B), and Japan ($23.7B).

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

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

Comparative Advantage Indonesia - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Indonesia had a large net trade with Ghana in the exports of Animal and Vegetable Bi-Products ($42.7M), Chemical Products ($32.5M), and Paper Goods ($18.6M).

During 2018, Ghana had a large net trade with Indonesia in the exports of Foodstuffs ($14.3M), Plastics and Rubbers ($11.2M), and Mineral Products ($592k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Ghana+$12.1MPalm Oil

Top Product Potential Ghana Indonesia+$6.54MCocoa Beans

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

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Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Ghana () (2023)

Exports from Ghana () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Ghana ()

Indonesia Exports

Ghana Exports

Market Competitiveness

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

Comparative Advantage Indonesia - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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