Saudi Arabia-Ghana Bilateral Trade Analysis 2023
Complete trade statistics: $263.97M total volume •Saudi Arabia surplus: $263.97M
Saudi Arabia → Ghana
$263.97M
Exports (2023)
Ghana → Saudi Arabia
$0
Imports (2023)
Trade Balance
$263.97M
Surplus for Saudi Arabia
Total Trade
$263.97M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Saudi Arabia and Ghana. Green line shows exports from Saudi Arabia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Saudi Arabia-Ghana commercial relationship and competitive positioning in global markets.
Saudi Arabia → Ghana Exports
Export Market Intelligence
🎯 Strategic Export Focus
Saudi Arabia's export portfolio to Ghana demonstrates strategic specialization, with petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils representing a key competitive advantage in this bilateral market.
Ghana → Saudi Arabia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Saudi Arabia's import pattern from Ghana reveals significant dependencyin cocoa: paste, not defatted, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Saudi Arabia demonstrates competitive strength in exportingpetroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils to Ghana, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $263.97M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Saudi Arabia-Ghana Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $263.97 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Saudi Arabia maintains a surplus of $263.97 million
- Export Focus: Saudi Arabia's primary exports include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, cement clinkers (whether or not coloured), ethylene polymers: in primary forms, polyethylene having a specific gravity of 0.94 or more
- Import Dependencies: Key imports from Ghana include cocoa: paste, not defatted, plywood, veneered panels and similar laminated wood (other than blockboard, laminboard and battenboard, other than of bamboo, and other than plywood consisting only of sheets of wood each ply 6mm or thinner), plywood: consisting only of sheets of wood (not bamboo), each ply 6mm or thinner, with at least one outer ply of tropical wood
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 $263.97M 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 Saudi Arabia leveraging its comparative advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
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
Saudi Arabia's specialization in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oilscomplements Ghana's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in cocoa: paste, not defatted.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $263.97M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $263.97M 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 $263.97 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils and cocoa: paste, not defatted demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Saudi Arabia's trade surplus of $263.97 million strengthens 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 Saudi Arabia and Ghana represents a total trade volume of $263.97 million in 2023. This partnership demonstrates a favorable trade balance for Saudi Arabia, with exports exceeding importsby $263.97 million.
Export Strengths
Saudi Arabia's exports to Ghana total $263.97 million, with competitive advantages in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, representing $129.75M or49.2% of bilateral exports.
Import Dependencies
Imports from Ghana amount to $0.00, highlighting economic interdependence in cocoa: paste, not defatted, with Cocoa: paste, not defatted comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Saudi Arabia's competitive position in this bilateral relationship. 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 Saudi Arabia and Ghana in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023