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

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North Macedonia-Ghana Trade: In 2022, North Macedonia exported $187k to Ghana. The main products that North Macedonia exported to Ghana were Packaged Medicaments ($85.3k), Other Furniture ($23.3k), and Cranes ($20.5k). Over the past 6 years the exports of North Macedonia to Ghana have increased at an annualized rate of 95.4%, from $3.37k in 2016 to $187k in 2022.

In 2022, North Macedonia did not export any services to Ghana.

Ghana-North Macedonia Trade: In 2022, Ghana exported $1.14M to North Macedonia. The main products that Ghana exported to North Macedonia were Cocoa Butter ($478k), Cocoa Paste ($404k), and Cocoa Powder ($184k). Over the past 6 years the exports of Ghana to North Macedonia have decreased at an annualized rate of 1.62%, from $1.52M in 2016 to $1.14M in 2022.

In 2022, Ghana did not export any services to North Macedonia.

Comparison: In 2022, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B). That same year, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $187k to Ghana. The main products exported from North Macedonia to Ghana were Packaged Medicaments ($85.3k), Other Furniture ($23.3k), and Cranes ($20.5k). During the last 6 years the exports of North Macedonia to Ghana have increased at an annualized rate of 95.4%, from $3.37k in 2016 to $187k in 2022.

In 2017, Ghana exported $1.14M to North Macedonia. The main products exported from Ghana to North Macedonia were Cocoa Butter ($478k), Cocoa Paste ($404k), and Cocoa Powder ($184k). During the last 5 years the exports of Ghana to North Macedonia have decreased at an annualized rate of 1.62%, from $1.52M in 2022 to $1.14M in 2017.

Exports from North Macedonia () to Ghana () (2022)

Exports from Ghana () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Ghana ()

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Ghana
Top DestinationUnited Arab Emirates$4.72B

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 2022, countries that imported more from North Macedonia than Ghana included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

In 2022, countries that imported more from Ghana than North Macedonia included United Arab Emirates ($4.72B), Switzerland ($3.37B), and United States ($2.83B).

Difference in imports from Ghana () and North Macedonia () (2022)

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 2022, North Macedonia had a large net trade with Ghana in the exports of Chemical Products ($85.3k), Foodstuffs ($34.8k), and Miscellaneous ($32.5k).

During 2017, Ghana had a large net trade with North Macedonia in the exports of Foodstuffs ($1.12M), Wood Products ($17.3k), and Vegetable Products ($873).

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 () (2022)

Exports from Ghana () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Ghana ()

North Macedonia Exports

Market Competitiveness

Difference in imports from Ghana () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Ghana () (2022)

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