Ghana-Jamaica Bilateral Trade Analysis 2023
Complete trade statistics: $25.44M total volume •Ghana deficit: $25.44M
Ghana → Jamaica
$0
Exports (2023)
Jamaica → Ghana
$25.44M
Imports (2023)
Trade Balance
$25.44M
Deficit for Ghana
Total Trade
$25.44M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Ghana and Jamaica. 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-Jamaica commercial relationship and competitive positioning in global markets.
Ghana → Jamaica Exports
Export Market Intelligence
🎯 Strategic Export Focus
Ghana's export portfolio to Jamaica demonstrates strategic specialization, with stone: monumental or building stone, n.e.c. in item no. 6802.2, articles thereof, simply cut or sawn, with a flat or even surface representing a key competitive advantage in this bilateral market.
Jamaica → Ghana Imports
Import Dependency Profile
📦 Import Strategy Analysis
Ghana's import pattern from Jamaica reveals significant dependencyin aluminium oxide: other than artificial corundum, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Ghana demonstrates competitive strength in exportingstone: monumental or building stone, n.e.c. in item no. 6802.2, articles thereof, simply cut or sawn, with a flat or even surface to Jamaica, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $25.44M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Ghana-Jamaica Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $25.44 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Ghana maintains a deficit of $25.44 million
- Export Focus: Ghana's primary exports include stone: monumental or building stone, n.e.c. in item no. 6802.2, articles thereof, simply cut or sawn, with a flat or even surface, stone: natural (excluding marble, travertine, alabaster, other calcareous stone or granite), monumental or building stone, (other than simply cut or sawn, with a flat or even surface), vegetable fats and oils and their fractions: fixed, n.e.c. in heading no. 1515, whether or not refined, but not chemically modified
- Import Dependencies: Key imports from Jamaica include aluminium oxide: other than artificial corundum, juice: grape, of a brix value not exceeding 30, unfermented, (not containing added spirit), whether or not containing added sugar or other sweetening matter, paper or paperboard: waste and scrap, of paper or paperboard n.e.c. in heading no. 4707 and of unsorted waste and scrap
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 $25.44M 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 stone: monumental or building stone, n.e.c. in item no. 6802.2, articles thereof, simply cut or sawn, with a flat or even surface.
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 stone: monumental or building stone, n.e.c. in item no. 6802.2, articles thereof, simply cut or sawn, with a flat or even surfacecomplements Jamaica's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in aluminium oxide: other than artificial corundum.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $25.44M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $25.44M 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 $25.44 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in stone: monumental or building stone, n.e.c. in item no. 6802.2, articles thereof, simply cut or sawn, with a flat or even surface and aluminium oxide: other than artificial corundum demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Ghana's trade deficit of $25.44 million 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 Jamaica represents a total trade volume of $25.44 million in 2023. This partnership demonstrates an unfavorable trade balance for Ghana, with imports exceeding exportsby $25.44 million.
Export Strengths
Ghana's exports to Jamaica total $0.00, with competitive advantages in stone: monumental or building stone, n.e.c. in item no. 6802.2, articles thereof, simply cut or sawn, with a flat or even surface, representing $21,539 orInfinity% of bilateral exports.
Import Dependencies
Imports from Jamaica amount to $25.44 million, highlighting economic interdependence in aluminium oxide: other than artificial corundum, with Aluminium oxide: other than artificial corundum comprising99.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Ghana's strategic sourcing from Jamaica. 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 Jamaica in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023