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2022
Flag → Flag
Exports $350MRnk 60 / 218
2022
Flag → Flag
Top Product $156MRefined Petroleum
2022
Flag → Flag
Exports $304MRnk 10 / 133
2022
Flag → Flag
Top Product $131MCocoa Beans
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
Flag  
GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
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 GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
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GDP PC $11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 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

Malaysia-Ghana Trade: In 2022, Malaysia exported $350M to Ghana. The main products that Malaysia exported to Ghana were Refined Petroleum ($156M), Palm Oil ($74.8M), and Hot-Rolled Iron Bars ($34.6M). Over the past 5 years the exports of Malaysia to Ghana have increased at an annualized rate of 4.67%, from $279M in 2017 to $350M in 2022.

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

Ghana-Malaysia Trade: In 2022, Ghana exported $304M to Malaysia. The main products that Ghana exported to Malaysia were Cocoa Beans ($131M), Crude Petroleum ($93.5M), and Other Pure Vegetable Oils ($35.2M). Over the past 5 years the exports of Ghana to Malaysia have decreased at an annualized rate of 3.68%,  from $367M in 2017 to $304M in 2022.

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

Comparison: In 2022,  Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B). That same year, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Latest Trends

August, 2024

About

Overview In August 2024, Malaysia exported MYR67.3M and imported MYR135M from Ghana, resulting in a negative trade balance of MYR67.4M. Between August 2023 and August 2024 the exports of Malaysia have increased by MYR18M (36.4%) from MYR49.3M to MYR67.3M, while imports increased by MYR112M (490%) from MYR22.8M to MYR135M.

Trade In August 2024, the top exports of Malaysia to Ghana were Palm Oil (MYR29M), Malt Extract (MYR3.43M), Soap (MYR2.78M), Coconut Oil (MYR1.14M), and Rubber Apparel (MYR987k). In August 2024 the top imports of Malaysia from Ghana were Cocoa Beans (MYR21M), Rubber (MYR13.4M), Other Pure Vegetable Oils (MYR13.4M), Cocoa Paste (MYR1.22M), and Copper Foil (MYR58.8k).

Growth In August 2024, the increase in Malaysia's year-by-year exports to Ghana was explained primarily by an increase in product exports in Palm Oil (MYR20.4M or 235%), Coconut Oil (MYR657k or 135%), and Malt Extract (MYR573k or 20.1%). In August 2024, the increase in Malaysia's year-by-year imports  from Ghana was explained primarily by an increase in product imports  in Rubber (MYR2.62M or 24.3%) and Other Pure Vegetable Oils (MYR2.13M or 18.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)MYR18M(36.4%)
IMPORT GROWTH (August 2023 - August 2024)MYR112M(490%)

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

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

For full datasets download visit Bulk Download page.

Explore Ghana and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Malaysia exported $350M to Ghana. The main products exported from Malaysia to Ghana were Refined Petroleum ($156M), Palm Oil ($74.8M), and Hot-Rolled Iron Bars ($34.6M). During the last 5 years the exports of Malaysia to Ghana have increased at an annualized rate of 4.67%, from $279M in 2017 to $350M in 2022.

In 2017, Ghana exported $304M to Malaysia. The main products exported from Ghana to Malaysia were Cocoa Beans ($131M), Crude Petroleum ($93.5M), and Other Pure Vegetable Oils ($35.2M). During the last 5 years the exports of Ghana to Malaysia have decreased at an annualized rate of 3.68%, from $367M in 2022 to $304M in 2017.

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

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

Market Competitiveness

Color
Malaysia
Top DestinationSingapore$53.8B
Ghana
Top DestinationUnited Arab Emirates$4.72B

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

In 2022, countries that imported more from Malaysia than Ghana included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

In 2022, countries that imported more from Ghana than Malaysia included Switzerland ($3.37B), United Arab Emirates ($4.72B), and Burkina Faso ($285M).

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

Comparative Advantage Malaysia - Ghana

Flow
Scale

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

During 2022, Malaysia had a large net trade with Ghana in the exports of Mineral Products ($156M), Animal and Vegetable Bi-Products ($79.2M), and Metals ($47.2M).

During 2017, Ghana had a large net trade with Malaysia in the exports of Foodstuffs ($143M), Mineral Products ($93.5M), and Animal and Vegetable Bi-Products ($35.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Ghana+$26.2MRefined Petroleum
Top Product Potential Ghana Malaysia+$69.2MCrude 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 Malaysia and Ghana. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Ghana. Similarly, a dot/product with the flag of Ghana indicates it has a comparative advantage over Malaysia.

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

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