Ghana-Eritrea Bilateral Trade Analysis 2023
Complete trade statistics: $614,120 total volume •Ghana deficit: $614,120
Ghana → Eritrea
$0
Exports (2023)
Eritrea → Ghana
$614,120
Imports (2023)
Trade Balance
$614,120
Deficit for Ghana
Total Trade
$614,120
Combined Volume
Trade Flow Visualization
Direct trade relationship between Ghana and Eritrea. Green line shows exports from Ghana, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Ghana-Eritrea commercial relationship and competitive positioning in global markets.
Ghana → Eritrea Exports
Export Market Intelligence
🎯 Strategic Export Focus
Ghana's export portfolio to Eritrea demonstrates strategic specialization, with plastics n.e.c. in heading no. 3915: waste, parings and scrap representing a key competitive advantage in this bilateral market.
Eritrea → Ghana Imports
Import Dependency Profile
📦 Import Strategy Analysis
Ghana's import pattern from Eritrea reveals significant dependencyin wheat or meslin flour, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Ghana demonstrates competitive strength in exportingplastics n.e.c. in heading no. 3915: waste, parings and scrap to Eritrea, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $614,120 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Ghana-Eritrea Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $614.12 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: Ghana maintains a deficit of $614.12 thousand
- Export Focus: Ghana's primary exports include plastics n.e.c. in heading no. 3915: waste, parings and scrap, medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018
- Import Dependencies: Key imports from Eritrea include wheat or meslin flour, boring or sinking machinery: parts of the machinery of item no. 8430.41 or 8430.41, tools, hand: vices, clamps and the like
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $614,120 represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Ghana leveraging its comparative advantages in plastics n.e.c. in heading no. 3915: waste, parings and scrap.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Ghana's specialization in plastics n.e.c. in heading no. 3915: waste, parings and scrapcomplements Eritrea's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in wheat or meslin flour.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $614,120 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $614,120 bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $614.12 thousand bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in plastics n.e.c. in heading no. 3915: waste, parings and scrap and wheat or meslin flour demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Ghana's trade deficit of $614.12 thousand impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Ghana and Eritrea represents a total trade volume of $614.12 thousand in 2023. This partnership demonstrates an unfavorable trade balance for Ghana, with imports exceeding exportsby $614.12 thousand.
Export Strengths
Ghana's exports to Eritrea total $0.00, with competitive advantages in plastics n.e.c. in heading no. 3915: waste, parings and scrap, representing $22,348 orInfinity% of bilateral exports.
Import Dependencies
Imports from Eritrea amount to $614.12 thousand, highlighting economic interdependence in wheat or meslin flour, with Wheat or meslin flour comprising75.2% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Ghana's strategic sourcing from Eritrea. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Ghana and Eritrea in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023