Singapore (SGP) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Singapore-Ghana Trade: In 2022, Singapore exported $52.5M to Ghana. The main products that Singapore exported to Ghana were Malt Extract ($11.8M), Refined Petroleum ($5.89M), and Large Construction Vehicles ($3.99M). Over the past 5 years the exports of Singapore to Ghana have decreased at an annualized rate of 10.5%, from $91.7M in 2017 to $52.5M in 2022.

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

Ghana-Singapore Trade: In 2022, Ghana exported $69.4M to Singapore. The main products that Ghana exported to Singapore were Cocoa Beans ($60.6M), Cocoa Paste ($6.71M), and Paintings ($898k). Over the past 5 years the exports of Ghana to Singapore have decreased at an annualized rate of 9.21%, from $112M in 2017 to $69.4M in 2022.

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

Comparison: In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). 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, Singapore exported $52.5M to Ghana. The main products exported from Singapore to Ghana were Malt Extract ($11.8M), Refined Petroleum ($5.89M), and Large Construction Vehicles ($3.99M). During the last 5 years the exports of Singapore to Ghana have decreased at an annualized rate of 10.5%, from $91.7M in 2017 to $52.5M in 2022.

In 2017, Ghana exported $69.4M to Singapore. The main products exported from Ghana to Singapore were Cocoa Beans ($60.6M), Cocoa Paste ($6.71M), and Paintings ($898k). During the last 5 years the exports of Ghana to Singapore have decreased at an annualized rate of 9.21%, from $112M in 2022 to $69.4M in 2017.

Exports from Singapore () to Ghana () (2022)

Exports from Ghana () to Singapore () (2022)

Latest Data

Trade between Singapore () and Ghana ()

Singapore Exports

Date

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Ghana
Top DestinationUnited Arab Emirates$4.72B

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 2022, countries that imported more from Singapore than Ghana included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

In 2022, countries that imported more from Ghana than Singapore included Burkina Faso ($285M), United Arab Emirates ($4.72B), and Cote d'Ivoire ($163M).

Difference in imports from Ghana () and Singapore () (2022)

Comparative Advantage Singapore - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Ghana in the exports of Machines ($15.5M), Foodstuffs ($12.9M), and Mineral Products ($5.89M).

During 2017, Ghana had a large net trade with Singapore in the exports of Foodstuffs ($67.4M), Arts and Antiques ($899k), and Plastics and Rubbers ($785k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to Ghana () (2022)

Exports from Ghana () to Singapore () (2022)

Latest Data

Trade between Singapore () and Ghana ()

Singapore Exports

Ghana Exports

Market Competitiveness

Difference in imports from Ghana () and Singapore () (2022)

Comparative Advantage Singapore - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Singapore () and Ghana () (2022)

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