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Pricing

2022
Flag → Flag
Exports $235MRnk 102 / 221
2022
Flag → Flag
Top Product $12.9MCellulose Fibers Paper
2022
Flag → Flag
Exports $569MRnk 7 / 133
2022
Flag → Flag
Top Product $332MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
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GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$2,176CURRENT US$
Rnk 147 / 186
2012-2022
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GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186

About

Italy-Ghana Trade: In 2022, Italy exported $235M to Ghana. The main products that Italy exported to Ghana were Cellulose Fibers Paper ($12.9M), Washing and Bottling Machines ($12.6M), and Gas Turbines ($11.2M). Over the past 5 years the exports of Italy to Ghana have decreased at an annualized rate of 4.78%, from $300M in 2017 to $235M in 2022.

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

Ghana-Italy Trade: In 2022, Ghana exported $569M to Italy. The main products that Ghana exported to Italy were Crude Petroleum ($332M), Raw Aluminium ($90M), and Cocoa Beans ($36.8M). Over the past 5 years the exports of Ghana to Italy have increased at an annualized rate of 23.8%,  from $196M in 2017 to $569M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Latest Trends

June, 2024

About

Overview In June 2024, Italy exported €16.2M and imported €75.1M from Ghana, resulting in a negative trade balance of €59M. Between June 2023 and June 2024 the exports of Italy have increased by €14.6M (965%) from €1.52M to €16.2M, while imports increased by €48.9M (186%) from €26.2M to €75.1M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€14.6M(965%)
IMPORT GROWTH (June 2023 - June 2024)€48.9M(186%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Ghana and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ghana and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $235M to Ghana. The main products exported from Italy to Ghana were Cellulose Fibers Paper ($12.9M), Washing and Bottling Machines ($12.6M), and Gas Turbines ($11.2M). During the last 5 years the exports of Italy to Ghana have decreased at an annualized rate of 4.78%, from $300M in 2017 to $235M in 2022.

In 2017, Ghana exported $569M to Italy. The main products exported from Ghana to Italy were Crude Petroleum ($332M), Raw Aluminium ($90M), and Cocoa Beans ($36.8M). During the last 5 years the exports of Ghana to Italy have increased at an annualized rate of 23.8%, from $196M in 2022 to $569M in 2017.

Exports from Italy (Flag) to Ghana (Flag) (2022)

Exports from Ghana (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Ghana
Top DestinationUnited Arab Emirates$4.72B

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

In 2022, countries that imported more from Italy than Ghana included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Ghana than Italy included Burkina Faso ($285M), Togo ($111M), and Niger ($56.3M).

Difference in imports from Ghana (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Ghana

Flow
Scale

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

During 2022, Italy had a large net trade with Ghana in the exports of Machines ($86.4M), Chemical Products ($27.9M), and Metals ($20.3M).

During 2017, Ghana had a large net trade with Italy in the exports of Mineral Products ($332M), Metals ($121M), and Foodstuffs ($69.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Ghana+$6.67MPackaged Medicaments
Top Product Potential Ghana Italy+$214MCrude Petroleum

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

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

Product Space of Italy (Flag) and Ghana (Flag) (2022)

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