Bulgaria (BGR) and Angola (AGO) Trade | The Observatory of Economic Complexity

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Bulgaria-Angola Trade: In 2023, Bulgaria exported $2.42M to Angola. The main products that Bulgaria exported to Angola were Carbonates ($520k), Glass Bottles ($306k), and Used Clothing ($219k). Over the past 5 years the exports of Bulgaria to Angola have decreased at an annualized rate of 3.06%, from $2.83M in 2018 to $2.42M in 2023.

In 2023, Bulgaria did not export any services to Angola.

Angola-Bulgaria Trade: In 2023, Angola exported $622k to Bulgaria. The main products that Angola exported to Bulgaria were Copper Wire ($610k), Bran ($4.29k), and Broadcasting Equipment ($2.94k). Over the past 5 years the exports of Angola to Bulgaria have increased at an annualized rate of 24.9%, from $22.1k in 2018 to $622k in 2023.

In 2023, Angola did not export any services to Bulgaria.

Comparison: In 2023, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B). That same year, Angola ranked 120 in the Economic Complexity Index (ECI -1.23), and 62 in total exports ($42.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $2.42M to Angola. The main products exported from Bulgaria to Angola were Carbonates ($520k), Glass Bottles ($306k), and Used Clothing ($219k). During the last 5 years the exports of Bulgaria to Angola have decreased at an annualized rate of 3.06%, from $2.83M in 2018 to $2.42M in 2023.

In 2018, Angola exported $622k to Bulgaria. The main products exported from Angola to Bulgaria were Copper Wire ($610k), Bran ($4.29k), and Broadcasting Equipment ($2.94k). During the last 5 years the exports of Angola to Bulgaria have increased at an annualized rate of 24.9%, from $22.1k in 2023 to $622k in 2018.

Exports from Bulgaria () to Angola () (2023)

Exports from Angola () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Angola ()

Bulgaria Exports

Date

Angola Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Angola
Top DestinationChina$17.1B

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

In 2023, countries that imported more from Bulgaria than Angola included Germany ($6.84B), Romania ($5.63B), and Italy ($4.06B).

In 2023, countries that imported more from Angola than Bulgaria included China ($17.1B), India ($3.87B), and United Arab Emirates ($2.75B).

Difference in imports from Angola () and Bulgaria () (2023)

Comparative Advantage Bulgaria - Angola

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Angola in the exports of Chemical Products ($1.09M), Stone And Glass ($306k), and Textiles ($234k).

During 2018, Angola had a large net trade with Bulgaria in the exports of Metals ($610k), Machines ($5.25k), and Foodstuffs ($4.29k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Angola+$244kOther Plastic Products

Top Product Potential Angola Bulgaria+$10.1kCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Bulgaria and Angola. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Angola. Similarly, a dot/product with the flag of Angola indicates it has a comparative advantage over Bulgaria.

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Angola () (2023)

Exports from Angola () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Angola ()

Bulgaria Exports

Angola Exports

Market Competitiveness

Difference in imports from Angola () and Bulgaria () (2023)

Comparative Advantage Bulgaria - Angola

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bulgaria () and Angola () (2023)

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