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2023
Flag → Flag
Exports $105MRnk 74 / 216
2023
Flag → Flag
Top Product $15.4MDelivery Trucks
2023
Flag → Flag
Exports $58.7MRnk 32 / 172
2023
Flag → Flag
Top Product $57.3MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.97Rnk 109 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$76.4BCURRENT US$
Rnk 82 / 195
2013-2023
Flag
GDP GROWTH21.6%CURRENT US$
Rnk 135 / 195
2023
Flag
GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 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

Sweden-Ghana Trade: In 2023, Sweden exported $105M to Ghana. The main products that Sweden exported to Ghana were Delivery Trucks ($15.4M), Nitrogenous Fertilizers ($13.7M), and Interchangeable Tool Parts ($6.29M). Over the past 5 years the exports of Sweden to Ghana have increased at an annualized rate of 0.74%, from $102M in 2018 to $105M in 2023.

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

Ghana-Sweden Trade: In 2023, Ghana exported $58.7M to Sweden. The main products that Ghana exported to Sweden were Crude Petroleum ($57.3M), Tropical Fruits ($399k), and Interchangeable Tool Parts ($216k). Over the past 5 years the exports of Ghana to Sweden have increased at an annualized rate of 42.4%,  from $10M in 2018 to $58.7M in 2023.

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

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK60.6M and imported SEK1.41M from Ghana, resulting in a positive trade balance of SEK59.2M. Between October 2023 and October 2024 the exports of Sweden have increased by SEK1.96M (3.34%) from SEK58.6M to SEK60.6M, while imports increased by SEK1.15M (433%) from SEK265k to SEK1.41M.

Trade In October 2024, the top exports of Sweden to Ghana were Other Construction Vehicles (SEK11.7M), Excavation Machinery (SEK10.2M), Stone Processing Machines (SEK6.8M), Interchangeable Tool Parts (SEK4.88M), and Poultry Meat (SEK4.68M). In October 2024 the top imports of Sweden from Ghana were Other Processed Fruits and Nuts (SEK258k), Electrical Control Boards (SEK193k), Tropical Fruits (SEK187k), Gaskets (SEK179k), and Computers (SEK103k).

Growth In October 2024, the increase in Sweden's year-by-year exports to Ghana was explained primarily by an increase in product exports in Other Construction Vehicles (SEK11.6M or 11.6k%), Stone Processing Machines (SEK4.77M or 236%), and Poultry Meat (SEK4.28M or 1.06k%). In October 2024, the increase in Sweden's year-by-year imports  from Ghana was explained primarily by an increase in product imports  in Electrical Control Boards (SEK180k or 1.38k%), Other Processed Fruits and Nuts (SEK29k or 12.7%), and Tropical Fruits (SEK25k or 15.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK1.96M(3.34%)
IMPORT GROWTH (October 2023 - October 2024)SEK1.15M(433%)

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

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

For full datasets download visit Bulk Download page.

Explore Ghana and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $105M to Ghana. The main products exported from Sweden to Ghana were Delivery Trucks ($15.4M), Nitrogenous Fertilizers ($13.7M), and Interchangeable Tool Parts ($6.29M). During the last 5 years the exports of Sweden to Ghana have increased at an annualized rate of 0.74%, from $102M in 2018 to $105M in 2023.

In 2018, Ghana exported $58.7M to Sweden. The main products exported from Ghana to Sweden were Crude Petroleum ($57.3M), Tropical Fruits ($399k), and Interchangeable Tool Parts ($216k). During the last 5 years the exports of Ghana to Sweden have increased at an annualized rate of 42.4%, from $10M in 2023 to $58.7M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Ghana
Top DestinationSwitzerland$6.49B

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

In 2023, countries that imported more from Sweden than Ghana included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

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

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

Comparative Advantage Sweden - Ghana

Flow
Scale

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

During 2023, Sweden had a large net trade with Ghana in the exports of Machines ($28.2M), Chemical Products ($21.3M), and Metals ($18.3M).

During 2018, Ghana had a large net trade with Sweden in the exports of Mineral Products ($57.3M), Vegetable Products ($475k), and Metals ($374k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Ghana+$2.22MTelephones
Top Product Potential Ghana Sweden+$396kExcavation Machinery

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

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

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