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2022
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Exports $293MRnk 83 / 218
2022
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Top Product $44.4MUnglazed Ceramics
2022
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Exports $222MRnk 13 / 133
2022
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Top Product $98.9MCrude Petroleum
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI -1.32Rnk 122 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
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GDP GROWTH76.5%CURRENT US$
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2022
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GDP PC $29,350CURRENT US$
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2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$2,176CURRENT US$
Rnk 147 / 186
2012-2022
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GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186

About

Spain-Ghana In 2022, Spain exported $293M to Ghana. The main products that Spain exported to Ghana are Unglazed Ceramics ($44.4M), Refined Petroleum ($25.5M), and Flavored Water ($18.6M). During the last 27 years the exports of Spain to Ghana have increased at an annualized rate of 6.8%, from $49.6M in 1995 to $293M in 2022.

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

Ghana-Spain In 2022, Ghana exported $222M to Spain. The main products that Ghana exported to Spain were Crude Petroleum ($98.9M), Cocoa Paste ($33.9M), and Cocoa Beans ($27.6M). During the last 27 years the exports of Ghana to Spain have increased at an annualized rate of 5.22%, from $56.2M in 1995 to $222M in 2022.

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

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). 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, Spain exported €22.2M and imported €11M from Ghana, resulting in a positive trade balance of €11.2M. Between February 2023 and February 2024 the exports of Spain have increased by €3.86M (21.1%) from €18.3M to €22.2M, while imports increased by €5.31M (93.9%) from €5.66M to €11M.

Trade In February 2024, the top exports of Spain to Ghana were Mixed Mineral or Chemical Fertilizers (€6.32M), Non-fillet Frozen Fish (€3.84M), Navigation Equipment (€1.53M), Unglazed Ceramics (€1.18M), and Gypsum (€827k). In February 2024 the top imports of Spain from Ghana were Cocoa Paste (€4.47M), Cocoa Beans (€1.69M), Non-fillet Frozen Fish (€1.11M), Palm Oil (€1.07M), and Cocoa Butter (€838k).

Origins In February 2024 the exports of Spain were mainly from Madrid (€7.93M), Castellón (€2.85M), Barcelona (€2.1M), Murcia (€1.91M), and Alicante (€1.61M), while imports destinations were mainly Valencia (€3.24M), Barcelona (€3.09M), Alicante (€2.18M), Vizcaya (€903k), and Valladolid (€612k).

Growth In February 2024, the increase in Spain's year-by-year exports to Ghana was explained primarily by an increase in product exports in Mixed Mineral or Chemical Fertilizers (€902k or 16.7%), Gypsum (€600k or 264%), and Computers (€580k or 30.2k%). In February 2024, the increase in Spain's year-by-year imports  from Ghana was explained primarily by an increase in product imports  in Palm Oil (€1.06M or 7.86k%), Non-fillet Frozen Fish (€849k or 329%), and Processed Fish (€461k or 310%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)€3.86M(21.1%)
IMPORT GROWTH (February 2023 - February 2024)€5.31M(93.9%)
MAIN EXPORTER (February 2024)Madrid€7.93M

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

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

For full datasets download visit Bulk Download page.

Explore Ghana and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $293M to Ghana. The main products exported from Spain to Ghana were Unglazed Ceramics ($44.4M), Refined Petroleum ($25.5M), and Flavored Water ($18.6M). During the last 27 years the exports of Spain to Ghana have increased at an annualized rate of 6.8%, from $49.6M in 1995 to $293M in 2022.

In 2022, Ghana exported $222M to Spain. The main products exported from Ghana to Spain were Crude Petroleum ($98.9M), Cocoa Paste ($33.9M), and Cocoa Beans ($27.6M). During the last 27 years the exports of Ghana to Spain have increased at an annualized rate of 5.22%, from $56.2M in 1995 to $222M in 2022.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Ghana
Top DestinationUnited Arab Emirates$4.72B

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

In 2021, countries that imported more from Spain than Ghana were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2021, countries that imported more from Ghana than Spain were United Arab Emirates ($4.72B), Burkina Faso ($285M), and Niger ($56.3M).

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

Comparative Advantage Spain - Ghana

Flow
Scale

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

During 2022, Spain had a large net trade with Ghana in the exports of Chemical Products ($69.2M), Stone And Glass ($46.9M), and Foodstuffs ($42.5M).

During 2022, Ghana had a large net trade with Spain in the exports of Mineral Products ($98.9M), Foodstuffs ($69.8M), and Plastics and Rubbers ($19.4M).

Economic Complexity

Competitive Landscape

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 Spain has comparative advantage over Ghana. Similarly, the more yellow a dot/product is, the more Ghana has comparative advantage over Spain.

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

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