Togo-Ghana Bilateral Trade Analysis 2023
Complete trade statistics: $480.57M total volume •Togo deficit: $107.23M
Togo → Ghana
$186.67M
Exports (2023)
Ghana → Togo
$293.90M
Imports (2023)
Trade Balance
$107.23M
Deficit for Togo
Total Trade
$480.57M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Togo and Ghana. Green line shows exports from Togo, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Togo-Ghana commercial relationship and competitive positioning in global markets.
Togo → Ghana Exports
Export Market Intelligence
🎯 Strategic Export Focus
Togo'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 → Togo Imports
Import Dependency Profile
📦 Import Strategy Analysis
Togo's import pattern from Ghana reveals strategic sourcingin electrical energy, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Togo 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 showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $480.57M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Togo-Ghana Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $480.57 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Togo maintains a deficit of $107.23 million
- Export Focus: Togo'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, vegetable oils: palm oil and its fractions, other than crude, whether or not refined, but not chemically modified, wine: still, in containers holding 2 litres or less
- Import Dependencies: Key imports from Ghana include electrical energy, soya beans: other than seed, whether or not broken, iron or non-alloy steel: flat-rolled, width 600mm or more, (not corrugated), plated or coated with zinc (not electrolytically)
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 $480.57M 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 Togo 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
Togo'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 electrical energy.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $480.57M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $480.57M 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 $480.57 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 electrical energy demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Togo's trade deficit of $107.23 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 Togo and Ghana represents a total trade volume of $480.57 million in 2023. This partnership demonstrates an unfavorable trade balance for Togo, with imports exceeding exportsby $107.23 million.
Export Strengths
Togo's exports to Ghana total $186.67 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 $109.46M or58.6% of bilateral exports.
Import Dependencies
Imports from Ghana amount to $293.90 million, highlighting economic interdependence in electrical energy, with Electrical energy comprising20.2% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Togo's strategic sourcing from Ghana. 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 Togo and Ghana in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023