2022
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GDP
$89BCURRENT US$
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2012-2022
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GDP GROWTH
64%CURRENT US$
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2022
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 GDP
$24.6BCURRENT US$
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2012-2022
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GDP GROWTH
49.2%CURRENT US$
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2022
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GDP PC 
$13,772CURRENT US$
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2012-2022
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GDP PC GROWTH
85.3%CURRENT US$
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2022
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GDP PC
$6,628CURRENT US$
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2012-2022
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GDP PC GROWTH
49.9%CURRENT US$
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About

Bulgaria-Georgia In 2022, Bulgaria exported $237M to Georgia. The main products that Bulgaria exported to Georgia are Refined Petroleum ($114M), Packaged Medicaments ($11.1M), and Tractors ($7.79M). During the last 26 years the exports of Bulgaria to Georgia have increased at an annualized rate of 5.01%, from $66.5M in 1996 to $237M in 2022.

In 2022, Bulgaria did not export any services to Georgia.

Georgia-Bulgaria In 2022, Georgia exported $502M to Bulgaria. The main products that Georgia exported to Bulgaria were Copper Ore ($412M), Nitrogenous Fertilizers ($61.7M), and Raw Aluminium ($5.37M). During the last 26 years the exports of Georgia to Bulgaria have increased at an annualized rate of 15.5%, from $11.9M in 1996 to $502M in 2022.

In 2022, Georgia did not export any services to Bulgaria.

Comparison In 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $237M to Georgia. The main products exported from Bulgaria to Georgia were Refined Petroleum ($114M), Packaged Medicaments ($11.1M), and Tractors ($7.79M). During the last 26 years the exports of Bulgaria to Georgia have increased at an annualized rate of 5.01%, from $66.5M in 1996 to $237M in 2022.

In 2022, Georgia exported $502M to Bulgaria. The main products exported from Georgia to Bulgaria were Copper Ore ($412M), Nitrogenous Fertilizers ($61.7M), and Raw Aluminium ($5.37M). During the last 26 years the exports of Georgia to Bulgaria have increased at an annualized rate of 15.5%, from $11.9M in 1996 to $502M in 2022.

Exports from Bulgaria (Flag) to Georgia (Flag) (2022)

Exports from Georgia (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and Georgia (Flag)

Bulgaria Exports

Georgia Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Georgia
Top Destination
China$759M

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

In 2021, countries that imported more from Bulgaria than Georgia were Germany ($6.91B), Romania ($6.55B), and Italy ($3.85B).

In 2021, countries that imported more from Georgia than Bulgaria were Azerbaijan ($668M), Armenia ($571M), and Kazakhstan ($240M).

Difference in imports from Georgia (Flag) and Bulgaria (Flag) (2022)

Comparative Advantage Bulgaria - Georgia

Flow
Scale

This chart compares trade between Bulgaria and Georgia by product, considering products traded by both, Bulgaria and Georgia.

During 2022, Bulgaria had a large net trade with Georgia in the exports of Mineral Products ($117M), Chemical Products ($24.8M), and Machines ($24.5M).

During 2022, Georgia had a large net trade with Bulgaria in the exports of Mineral Products ($417M), Chemical Products ($62M), and Metals ($13.4M).

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 Bulgaria has comparative advantage over Georgia. Similarly, the more yellow a dot/product is, the more Georgia has comparative advantage over Bulgaria.

Product Space of Bulgaria (Flag) and Georgia (Flag) (2022)

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