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Pricing

2022
Flag → Flag
Exports $76.9MRnk 77 / 217
2022
Flag → Flag
Top Product $14.6MNitrogenous Fertilizers
2022
Flag → Flag
Exports $1.58MRnk 64 / 133
2022
Flag → Flag
Top Product $447kExcavation Machinery
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC$2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186

About

Sweden-Ghana Trade: In 2022, Sweden exported $76.9M to Ghana. The main products that Sweden exported to Ghana were Nitrogenous Fertilizers ($14.6M), Excavation Machinery ($13.8M), and Concentrated Milk ($7.81M). Over the past 5 years the exports of Sweden to Ghana have decreased at an annualized rate of 7.03%, from $111M in 2017 to $76.9M in 2022.

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

Ghana-Sweden Trade: In 2022, Ghana exported $1.58M to Sweden. The main products that Ghana exported to Sweden were Excavation Machinery ($447k), Interchangeable Tool Parts ($282k), and Tropical Fruits ($263k). Over the past 5 years the exports of Ghana to Sweden have decreased at an annualized rate of 21.9%,  from $5.43M in 2017 to $1.58M in 2022.

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

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Latest Trends

June, 2024

About

Overview In June 2024, Sweden exported SEK85.7M and imported SEK1.41M from Ghana, resulting in a positive trade balance of SEK84.3M. Between June 2023 and June 2024 the exports of Sweden have increased by SEK31.4M (57.8%) from SEK54.3M to SEK85.7M, while imports increased by SEK1.23M (709%) from SEK174k to SEK1.41M.

Trade In June 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 June 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 June 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 June 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 (June 2023 - June 2024)SEK31.4M(57.8%)
IMPORT GROWTH (June 2023 - June 2024)SEK1.23M(709%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $76.9M to Ghana. The main products exported from Sweden to Ghana were Nitrogenous Fertilizers ($14.6M), Excavation Machinery ($13.8M), and Concentrated Milk ($7.81M). During the last 5 years the exports of Sweden to Ghana have decreased at an annualized rate of 7.03%, from $111M in 2017 to $76.9M in 2022.

In 2017, Ghana exported $1.58M to Sweden. The main products exported from Ghana to Sweden were Excavation Machinery ($447k), Interchangeable Tool Parts ($282k), and Tropical Fruits ($263k). During the last 5 years the exports of Ghana to Sweden have decreased at an annualized rate of 21.9%, from $5.43M in 2022 to $1.58M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Ghana
Top DestinationUnited Arab Emirates$4.72B

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 2022, countries that imported more from Sweden than Ghana included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

In 2022, countries that imported more from Ghana than Sweden included United Arab Emirates ($4.72B), Switzerland ($3.37B), and India ($2.04B).

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

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 2022, Sweden had a large net trade with Ghana in the exports of Machines ($29.7M), Chemical Products ($17.5M), and Animal Products ($12.2M).

During 2017, Ghana had a large net trade with Sweden in the exports of Machines ($641k), Metals ($319k), and Vegetable Products ($280k).

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) (2022)

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