India (IND) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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India-Ghana In 2022, India exported $1.01B to Ghana. The main products that India exported to Ghana are Packaged Medicaments ($126M), Refined Petroleum ($58.7M), and Large Construction Vehicles ($55.2M). During the last 27 years the exports of India to Ghana have increased at an annualized rate of 14.3%, from $27.3M in 1995 to $1.01B in 2022.

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

Ghana-India In 2022, Ghana exported $2.04B to India. The main products that Ghana exported to India were Gold ($1.53B), Coconuts, Brazil Nuts, and Cashews ($294M), and Rough Wood ($78.6M). During the last 27 years the exports of Ghana to India have increased at an annualized rate of 17.7%, from $25.2M in 1995 to $2.04B in 2022.

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

Comparison In 2022, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Latest Trends

February, 2024

About

Overview In February 2024, India exported $100M and imported $199M from Ghana, resulting in a negative trade balance of $98.7M. Between February 2023 and February 2024 the exports of India have increased by $33M (49%) from $67.3M to $100M, while imports increased by $136M (214%) from $63.3M to $199M.

Trade In February 2024, the top exports of India to Ghana were Sugar ($10.3M), Drug Formulations, Biologicals ($9.51M), Products Of Iron And Steel ($5.33M), Other Jute Manufactures ($5.26M), and Indl. Machnry For Dairy Etc ($4.9M). In February 2024 the top imports of India from Ghana were Other Wood And Wood Products ($4.06M), Aluminium, Products Of Aluminm ($1.63M), Natural Rubber ($1.06M), Iron And Steel ($1.01M), and Other Oil Seeds ($953k).

Growth In February 2024, the increase in India's year-by-year exports to Ghana was explained primarily by an increase in product exports in Sugar ($5.38M or 110%), Products Of Iron And Steel ($2.68M or 101%), and Atm, Injctng Mlding Mchnry Etc ($1.23M or 92.8%). In February 2024, the increase in India's year-by-year imports from Ghana was explained primarily by an increase in product imports in Iron And Steel ($634k or 168%), Aluminium, Products Of Aluminm ($550k or 51.1%), and Cocoa Products ($370k or 470%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$33M(49%)

IMPORT GROWTH (February 2023 - February 2024)$136M(214%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $1.01B to Ghana. The main products exported from India to Ghana were Packaged Medicaments ($126M), Refined Petroleum ($58.7M), and Large Construction Vehicles ($55.2M). During the last 27 years the exports of India to Ghana have increased at an annualized rate of 14.3%, from $27.3M in 1995 to $1.01B in 2022.

In 2022, Ghana exported $2.04B to India. The main products exported from Ghana to India were Gold ($1.53B), Coconuts, Brazil Nuts, and Cashews ($294M), and Rough Wood ($78.6M). During the last 27 years the exports of Ghana to India have increased at an annualized rate of 17.7%, from $25.2M in 1995 to $2.04B in 2022.

Exports from India () to Ghana () (2022)

Exports from Ghana () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Ghana
Top DestinationUnited Arab Emirates$4.72B

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

In 2021, countries that imported more from India than Ghana were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Ghana than India were Switzerland ($3.37B) and Burkina Faso ($285M).

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

Comparative Advantage India - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Ghana in the exports of Chemical Products ($231M), Machines ($193M), and Metals ($90.7M).

During 2022, Ghana had a large net trade with India in the exports of Precious Metals ($1.54B), Vegetable Products ($320M), and Wood Products ($85.7M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more India has comparative advantage over Ghana. Similarly, the more yellow a dot/product is, the more Ghana has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Ghana () (2022)

Exports from Ghana () to India () (2022)

Market Competitiveness

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

Comparative Advantage India - Ghana

Economic Complexity

Competitive Landscape

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

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