2022
Flag  
GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH
24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP GROWTH
76.5%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC 
$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH
20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC
$2,176CURRENT US$
Rnk 147 / 186
2012-2022
Flag
GDP PC GROWTH
41.6%CURRENT US$
Rnk 46 / 186

About

Thailand-Ghana Trade: In 2022, Thailand exported $102M to Ghana. The main products that Thailand exported to Ghana were Rice ($24.7M), Flavored Water ($14.2M), and Ethylene Polymers ($9.45M). Over the past 5 years the exports of Thailand to Ghana have decreased at an annualized rate of 13.5%, from $211M in 2017 to $102M in 2022.

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

Ghana-Thailand Trade: In 2022, Ghana exported $85.4M to Thailand. The main products that Ghana exported to Thailand were Crude Petroleum ($81.4M), Cocoa Paste ($1.46M), and Raw Aluminium ($832k). Over the past 5 years the exports of Ghana to Thailand have increased at an annualized rate of 40%,  from $15.9M in 2017 to $85.4M in 2022.

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

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). 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
Value

In 2022, Thailand exported $102M to Ghana. The main products exported from Thailand to Ghana were Rice ($24.7M), Flavored Water ($14.2M), and Ethylene Polymers ($9.45M). During the last 5 years the exports of Thailand to Ghana have decreased at an annualized rate of 13.5%, from $211M in 2017 to $102M in 2022.

In 2017, Ghana exported $85.4M to Thailand. The main products exported from Ghana to Thailand were Crude Petroleum ($81.4M), Cocoa Paste ($1.46M), and Raw Aluminium ($832k). During the last 5 years the exports of Ghana to Thailand have increased at an annualized rate of 40%, from $15.9M in 2022 to $85.4M in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Ghana (Flag)

Thailand Exports

Ghana Exports

Market Competitiveness

Color
Thailand
Top Destination
United States$53.4B
Ghana
Top Destination
United Arab Emirates$4.72B

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

In 2022, countries that imported more from Thailand than Ghana included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Ghana than Thailand included United Arab Emirates ($4.72B), Burkina Faso ($285M), and Togo ($111M).

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

Comparative Advantage Thailand - Ghana

Flow
Scale

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

During 2022, Thailand had a large net trade with Ghana in the exports of Vegetable Products ($25.1M), Plastics and Rubbers ($21.4M), and Foodstuffs ($20.6M).

During 2017, Ghana had a large net trade with Thailand in the exports of Mineral Products ($81.4M), Foodstuffs ($1.46M), and Metals ($1.44M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Ghana+$4.3MRice
Top Product Potential Ghana Thailand+$78.4MCrude Petroleum

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

Product Space of Thailand (Flag) and Ghana (Flag) (2022)

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