Kuwait (KWT) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Kuwait-Ghana Trade: In 2023, Kuwait exported $18.1M to Ghana. The main products that Kuwait exported to Ghana were Refined Petroleum ($9.8M), Ethylene Polymers ($5.51M), and Organic Composite Solvents ($1.72M). Over the past 5 years the exports of Kuwait to Ghana have increased at an annualized rate of 20%, from $7.27M in 2018 to $18.1M in 2023.

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

Ghana-Kuwait Trade: In 2023, Ghana exported $472k to Kuwait. The main products that Ghana exported to Kuwait were Tropical Fruits ($144k), Sawn Wood ($69.1k), and Other Processed Fruits and Nuts ($30.7k). Over the past 5 years the exports of Ghana to Kuwait have decreased at an annualized rate of 24.8%, from $1.97M in 2018 to $472k in 2023.

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

Comparison: In 2023, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). 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, Kuwait exported $18.1M to Ghana. The main products exported from Kuwait to Ghana were Refined Petroleum ($9.8M), Ethylene Polymers ($5.51M), and Organic Composite Solvents ($1.72M). During the last 5 years the exports of Kuwait to Ghana have increased at an annualized rate of 20%, from $7.27M in 2018 to $18.1M in 2023.

In 2018, Ghana exported $472k to Kuwait. The main products exported from Ghana to Kuwait were Tropical Fruits ($144k), Sawn Wood ($69.1k), and Other Processed Fruits and Nuts ($30.7k). During the last 5 years the exports of Ghana to Kuwait have decreased at an annualized rate of 24.8%, from $1.97M in 2023 to $472k in 2018.

Exports from Kuwait () to Ghana () (2023)

Exports from Ghana () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Ghana ()

Kuwait Exports

Date

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Kuwait than Ghana included China ($17.4B), Japan ($9.13B), and India ($9.51B).

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

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

Comparative Advantage Kuwait - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Ghana in the exports of Mineral Products ($9.8M), Plastics and Rubbers ($5.7M), and Chemical Products ($1.76M).

During 2018, Ghana had a large net trade with Kuwait in the exports of Vegetable Products ($235k), Wood Products ($79.6k), and Foodstuffs ($74.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Ghana+$2.1MCars

Top Product Potential Ghana Kuwait+$5.4MGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Ghana () (2023)

Exports from Ghana () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Ghana ()

Kuwait Exports

Ghana Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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