2023
Flag  
GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 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 
$84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 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

Singapore-Ghana Trade: In 2023, Singapore exported $117M to Ghana. The main products that Singapore exported to Ghana were Refined Petroleum ($54.4M), Malt Extract ($8.37M), and Passenger and Cargo Ships ($5.19M). Over the past 5 years the exports of Singapore to Ghana have decreased at an annualized rate of 5.32%, from $154M in 2018 to $117M in 2023.

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

Ghana-Singapore Trade: In 2023, Ghana exported $45.4M to Singapore. The main products that Ghana exported to Singapore were Cocoa Beans ($30.1M), Cocoa Paste ($11.1M), and Coconuts, Brazil Nuts, and Cashews ($1.05M). Over the past 5 years the exports of Ghana to Singapore have decreased at an annualized rate of 19.9%,  from $138M in 2018 to $45.4M in 2023.

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

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). 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, Singapore exported $117M to Ghana. The main products exported from Singapore to Ghana were Refined Petroleum ($54.4M), Malt Extract ($8.37M), and Passenger and Cargo Ships ($5.19M). During the last 5 years the exports of Singapore to Ghana have decreased at an annualized rate of 5.32%, from $154M in 2018 to $117M in 2023.

In 2018, Ghana exported $45.4M to Singapore. The main products exported from Ghana to Singapore were Cocoa Beans ($30.1M), Cocoa Paste ($11.1M), and Coconuts, Brazil Nuts, and Cashews ($1.05M). During the last 5 years the exports of Ghana to Singapore have decreased at an annualized rate of 19.9%, from $138M in 2023 to $45.4M in 2018.

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

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

Latest Data

Trade between Singapore (Flag) and Ghana (Flag)

Singapore Exports

Ghana Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$44.5B
Ghana
Top Destination
Switzerland$6.49B

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

In 2023, countries that imported more from Singapore than Ghana included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

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

Comparative Advantage Singapore - Ghana

Flow
Scale

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

During 2023, Singapore had a large net trade with Ghana in the exports of Mineral Products ($54.4M), Machines ($13.9M), and Metals ($11.4M).

During 2018, Ghana had a large net trade with Singapore in the exports of Foodstuffs ($41.2M), Vegetable Products ($1.55M), and Metals ($900k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Ghana+$13.2MRefined Petroleum
Top Product Potential Ghana Singapore+$3.3MCocoa Paste

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

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

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