2022
Flag  
GDP
$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH
36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH
76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC 
$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH
12.4%CURRENT US$
Rnk 107 / 186
2022
Flag
GDP PC
$2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH
41.6%CURRENT US$
Rnk 46 / 186

About

Mongolia-Ghana Trade: In 2018, Mongolia exported $31.6k to Ghana. The main products that Mongolia exported to Ghana were N/A. Over the past 9 years the exports of Mongolia to Ghana have increased at an annualized rate of 60.4%, from $450 in 2009 to $31.6k in 2018.

In 2018, Mongolia did not export any services to Ghana.

Ghana-Mongolia Trade: In 2018, Ghana exported $1.57k to Mongolia. The main products that Ghana exported to Mongolia were Tropical Fruits ($1.57k). Over the past 9 years the exports of Ghana to Mongolia have decreased at an annualized rate of 17.2%,  from $15.2k in 2009 to $1.57k in 2018.

In 2018, Ghana did not export any services to Mongolia.

Comparison: In 2022,  Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B). 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
Value

In 2018, Mongolia exported $31.6k to Ghana. There were not main exports from Mongolia to Ghana in 2018. During the last 9 years the exports of Mongolia to Ghana have increased at an annualized rate of 60.4%, from $450 in 2009 to $31.6k in 2018.

In 2017, Ghana exported $1.57k to Mongolia. The main products exported from Ghana to Mongolia were Tropical Fruits ($1.57k). During the last 5 years the exports of Ghana to Mongolia have decreased at an annualized rate of 17.2%, from $15.2k in 2022 to $1.57k in 2017.

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

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

Market Competitiveness

Color
Mongolia
Top Destination
China$10.6B
Ghana
Top Destination
United Arab Emirates$4.72B

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

In 2022, countries that imported more from Mongolia than Ghana included China ($10.6B), Singapore ($346M), and South Korea ($259M).

In 2022, countries that imported more from Ghana than Mongolia included United Arab Emirates ($4.72B), United States ($2.83B), and India ($2.04B).

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

Comparative Advantage Mongolia - Ghana

Flow
Scale

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

During 2018, Mongolia had a large net trade with Ghana in the exports of .

During 2017, Ghana had a large net trade with Mongolia in the exports of Vegetable Products ($1.57k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mongolia Ghana+$2.59kCoal Briquettes
Top Product Potential Ghana Mongolia+$4.24kTropical 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

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

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

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