Flag Belgium / Bulgaria Flag

2020
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Exports
: $651M, Rnk 47 / 218

2020
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Top Product
: $48.5M, Cars

2020
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Exports
: $1.14B, Rnk 8 / 204

2020
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Top Product
: $618M, Raw Copper

2020
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Economic Complexity (ECI)
: ECI 1.33, Rnk 17 / 127

2020
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Economic Complexity (ECI)
: ECI 0.52, Rnk 41 / 127

2020
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GDP
: $522B, CURRENT US$
Rnk 23 / 204

2010-2020
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GDP GROWTH
: 8.36%, CURRENT US$
Rnk 147 / 204

2020
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 GDP
: $69.9B, CURRENT US$
Rnk 73 / 204

2010-2020
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GDP GROWTH
: 37.9%, CURRENT US$
Rnk 80 / 204

2020
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GDP PC 
: $45,189, CURRENT US$
Rnk 23 / 204

2010-2020
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GDP PC GROWTH
: 2.27%, CURRENT US$
Rnk 131 / 204

2020
Flag
GDP PC
: $10,079, CURRENT US$
Rnk 79 / 204

2010-2020
Flag
GDP PC GROWTH
: 47.1%, CURRENT US$
Rnk 33 / 204

Belgium-Bulgaria In 2020, Belgium exported $651M to Bulgaria. The main products that Belgium exported to Bulgaria are Cars ($48.5M), Industrial Fatty Acids, Oils and Alcohols ($41.1M), and Pig Meat ($40.2M). During the last 21 years the exports of Belgium to Bulgaria have increased at an annualized rate of 9.19%, from $103M in 1999 to $651M in 2020.

In 2020, Belgium exported services to Bulgaria worth $234M, with Other business services ($91.4M), Travel ($72M), and Computer and information services ($42.3M) being the largest in terms of value.

Bulgaria-Belgium In 2020, Bulgaria exported $1.14B to Belgium. The main products that Bulgaria exported to Belgium were Raw Copper ($618M), Motorcycles and cycles ($74.7M), and Rapeseed ($35.8M). During the last 21 years the exports of Bulgaria to Belgium have increased at an annualized rate of 8.83%, from $193M in 1999 to $1.14B in 2020.

In 2020, Bulgaria exported services to Belgium worth $254M, with Other business services ($126M), Transportation ($52.1M), and Travel ($39.1M) being the largest in terms of value.

Comparison In 2020,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.33), and 14 in total exports ($309B). That same year, Bulgaria ranked 41 in the Economic Complexity Index (ECI 0.52), and 59 in total exports ($33.2B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Belgium exported $651M to Bulgaria. The main products exported from Belgium to Bulgaria were Cars ($48.5M), Industrial Fatty Acids, Oils and Alcohols ($41.1M), and Pig Meat ($40.2M). During the last 21 years the exports of Belgium to Bulgaria have increased at an annualized rate of 9.19%, from $103M in 1999 to $651M in 2020.

In 2020, Bulgaria exported $1.14B to Belgium. The main products exported from Bulgaria to Belgium were Raw Copper ($618M), Motorcycles and cycles ($74.7M), and Rapeseed ($35.8M). During the last 21 years the exports of Bulgaria to Belgium have increased at an annualized rate of 8.83%, from $193M in 1999 to $1.14B in 2020.

Market Competitiveness

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Measure

Belgium
Top Destination
: Germany, $45.7B

Bulgaria
Top Destination
: Germany, $5.31B

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

In 2019, countries that imported more from Belgium than Bulgaria were France ($44.4B), Germany ($45.7B), and Netherlands ($37.1B).

In 2019, countries that imported more from Bulgaria than Belgium were Romania ($2.94B), Greece ($2.01B), and North Macedonia ($469M).

Comparative Advantage Belgium - Bulgaria

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Flow
Scale

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

During 2020, Belgium had a large net trade with Bulgaria in the exports of Machines ($160M), Chemical Products ($118M), and Transportation ($95.1M).

During 2020, Bulgaria had a large net trade with Belgium in the exports of Metals ($674M), Transportation ($110M), and Machines ($95.8M).

Bilateral Service Trade

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In 2020, Belgium exported services to Bulgaria worth $234M, with Other business services ($91.4M), Travel ($72M), and Computer and information services ($42.3M) being the largest in terms of value.

In 2020, Bulgaria exported services to Belgium worth $254M, with Other business services ($126M), Transportation ($52.1M), and Travel ($39.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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