North Macedonia (MKD) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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North Macedonia-Ghana Trade: In 2023, North Macedonia exported $634k to Ghana. The main products that North Macedonia exported to Ghana were Packaged Medicaments ($223k), Electrical Control Boards ($151k), and Video and Card Games ($111k). Over the past 5 years the exports of North Macedonia to Ghana have increased at an annualized rate of 17%, from $289k in 2018 to $634k in 2023.

In 2023, North Macedonia did not export any services to Ghana.

Ghana-North Macedonia Trade: In 2023, Ghana exported $375k to North Macedonia. The main products that Ghana exported to North Macedonia were Cocoa Paste ($225k), Cocoa Powder ($78.3k), and Plywood ($35.8k). Over the past 5 years the exports of Ghana to North Macedonia have decreased at an annualized rate of 27.9%, from $1.92M in 2018 to $375k in 2023.

In 2023, Ghana did not export any services to North Macedonia.

Comparison In 2023, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index. 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, North Macedonia exported $634k to Ghana. The main products exported from North Macedonia to Ghana were Packaged Medicaments ($223k), Electrical Control Boards ($151k), and Video and Card Games ($111k). During the last 5 years the exports of North Macedonia to Ghana have increased at an annualized rate of 17%, from $289k in 2018 to $634k in 2023.

In 2018, Ghana exported $375k to North Macedonia. The main products exported from Ghana to North Macedonia were Cocoa Paste ($225k), Cocoa Powder ($78.3k), and Plywood ($35.8k). During the last 5 years the exports of Ghana to North Macedonia have decreased at an annualized rate of 27.9%, from $1.92M in 2023 to $375k in 2018.

Exports from North Macedonia () to Ghana () (2023)

Exports from Ghana () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Ghana ()

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$4B

Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from North Macedonia than Ghana included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

In 2023, countries that imported more from Ghana than North Macedonia included Switzerland ($6.49B), United Arab Emirates ($4.93B), and India ($2.26B).

Difference in imports from Ghana () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, North Macedonia had a large net trade with Ghana in the exports of Chemical Products ($223k), Machines ($167k), and Miscellaneous ($112k).

During 2018, Ghana had a large net trade with North Macedonia in the exports of Foodstuffs ($307k), Wood Products ($55.9k), and Machines ($3.64k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential North Macedonia Ghana+$184kPackaged Medicaments

Top Product Potential Ghana North Macedonia+$159kCocoa Butter

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

About

Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Ghana () (2023)

Exports from Ghana () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Ghana ()

North Macedonia Exports

Market Competitiveness

Difference in imports from Ghana () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Ghana () (2023)

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