2023
Flag  
GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP
$76.4BCURRENT US$
Rnk 82 / 195
2013-2023
Flag
GDP GROWTH
21.6%CURRENT US$
Rnk 135 / 195
2023
Flag
GDP PC 
$87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC
$2,260CURRENT US$
Rnk 152 / 196
2013-2023
Flag
GDP PC GROWTH
-1.47%CURRENT US$
Rnk 154 / 195

About

Norway-Ghana Trade: In 2023, Norway exported $195M to Ghana. The main products that Norway exported to Ghana were Refined Petroleum ($151M), Mixed Mineral or Chemical Fertilizers ($7.92M), and Gas and Liquid Flow Measuring Instruments ($6.52M). Over the past 5 years the exports of Norway to Ghana have increased at an annualized rate of 19.8%, from $79M in 2018 to $195M in 2023.

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

Ghana-Norway Trade: In 2023, Ghana exported $3.59M to Norway. The main products that Ghana exported to Norway were Iron Pipes ($1.69M), Other Vegetables ($374k), and Other Processed Fruits and Nuts ($288k). Over the past 5 years the exports of Ghana to Norway have increased at an annualized rate of 2.41%,  from $1.98M in 2018 to $3.59M in 2023.

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

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). 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
Value

In 2023, Norway exported $195M to Ghana. The main products exported from Norway to Ghana were Refined Petroleum ($151M), Mixed Mineral or Chemical Fertilizers ($7.92M), and Gas and Liquid Flow Measuring Instruments ($6.52M). During the last 5 years the exports of Norway to Ghana have increased at an annualized rate of 19.8%, from $79M in 2018 to $195M in 2023.

In 2018, Ghana exported $3.59M to Norway. The main products exported from Ghana to Norway were Iron Pipes ($1.69M), Other Vegetables ($374k), and Other Processed Fruits and Nuts ($288k). During the last 5 years the exports of Ghana to Norway have increased at an annualized rate of 2.41%, from $1.98M in 2023 to $3.59M in 2018.

Exports from Norway (Flag) to Ghana (Flag) (2023)

Exports from Ghana (Flag) to Norway (Flag) (2023)

Market Competitiveness

Color
Norway
Top Destination
Germany$33.8B
Ghana
Top Destination
Switzerland$6.49B

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

In 2023, countries that imported more from Norway than Ghana included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

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

Difference in imports from Ghana (Flag) and Norway (Flag) (2023)

Comparative Advantage Norway - Ghana

Flow
Scale

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

During 2023, Norway had a large net trade with Ghana in the exports of Mineral Products ($151M), Machines ($13.5M), and Chemical Products ($11.8M).

During 2018, Ghana had a large net trade with Norway in the exports of Metals ($1.78M), Vegetable Products ($565k), and Foodstuffs ($349k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Ghana+$825kDelivery Trucks
Top Product Potential Ghana Norway+$163kCoconuts, Brazil Nuts, and Cashews

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

Product Space of Norway (Flag) and Ghana (Flag) (2023)

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