Israel (ISR) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Israel-Ghana Trade: In 2023, Israel exported $27.8M to Ghana. The main products that Israel exported to Ghana were Refined Petroleum ($10.5M), Pesticides ($7.73M), and Animal Food ($970k). Over the past 5 years the exports of Israel to Ghana have decreased at an annualized rate of 10.7%, from $48.9M in 2018 to $27.8M in 2023.

In 2012, Israel exported services to Ghana worth $39.9M, with Computer and information services ($39.9M) being the largest in terms of value.

Ghana-Israel Trade: In 2023, Ghana exported $4.2M to Israel. The main products that Ghana exported to Israel were Cocoa Paste ($2.37M), Cocoa Powder ($795k), and Tropical Fruits ($613k). Over the past 5 years the exports of Ghana to Israel have decreased at an annualized rate of 11.2%, from $7.59M in 2018 to $4.2M in 2023.

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

Comparison: In 2023, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). 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, Israel exported $27.8M to Ghana. The main products exported from Israel to Ghana were Refined Petroleum ($10.5M), Pesticides ($7.73M), and Animal Food ($970k). During the last 5 years the exports of Israel to Ghana have decreased at an annualized rate of 10.7%, from $48.9M in 2018 to $27.8M in 2023.

In 2018, Ghana exported $4.2M to Israel. The main products exported from Ghana to Israel were Cocoa Paste ($2.37M), Cocoa Powder ($795k), and Tropical Fruits ($613k). During the last 5 years the exports of Ghana to Israel have decreased at an annualized rate of 11.2%, from $7.59M in 2023 to $4.2M in 2018.

Exports from Israel () to Ghana () (2023)

Exports from Ghana () to Israel () (2023)

Latest Data

Trade between Israel () and Ghana ()

Israel Exports

Date

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Israel
Top DestinationUnited States$20.3B

Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Israel than Ghana included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

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

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

Comparative Advantage Israel - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Israel had a large net trade with Ghana in the exports of Mineral Products ($10.5M), Chemical Products ($9.44M), and Machines ($2.53M).

During 2018, Ghana had a large net trade with Israel in the exports of Foodstuffs ($3.25M), Vegetable Products ($682k), and Wood Products ($169k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Israel Ghana+$2.8MPesticides

Top Product Potential Ghana Israel+$191kTropical Fruits

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

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Historical Data

Bilateral Trade by Products

Exports from Israel () to Ghana () (2023)

Exports from Ghana () to Israel () (2023)

Latest Data

Trade between Israel () and Ghana ()

Israel Exports

Ghana Exports

Market Competitiveness

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

Comparative Advantage Israel - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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