Bulgaria (BGR) and Benin (BEN) Trade | The Observatory of Economic Complexity

About

Bulgaria-Benin Trade: In 2022, Bulgaria exported $1.93M to Benin. The main products that Bulgaria exported to Benin were Used Clothing ($1.14M), Calculators ($187k), and Special Pharmaceuticals ($182k). Over the past 5 years the exports of Bulgaria to Benin have increased at an annualized rate of 3.33%, from $1.64M in 2017 to $1.93M in 2022.

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

Benin-Bulgaria Trade: In 2022, Benin exported $1.13M to Bulgaria. The main products that Benin exported to Bulgaria were Raw Cotton ($1.13M), Other Oily Seeds ($216), and Other Pure Vegetable Oils ($123). Over the past 5 years the exports of Benin to Bulgaria have increased at an annualized rate of 60%, from $107k in 2017 to $1.13M in 2022.

In 2022, Benin 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, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bulgaria exported $1.93M to Benin. The main products exported from Bulgaria to Benin were Used Clothing ($1.14M), Calculators ($187k), and Special Pharmaceuticals ($182k). During the last 5 years the exports of Bulgaria to Benin have increased at an annualized rate of 3.33%, from $1.64M in 2017 to $1.93M in 2022.

In 2017, Benin exported $1.13M to Bulgaria. The main products exported from Benin to Bulgaria were Raw Cotton ($1.13M), Other Oily Seeds ($216), and Other Pure Vegetable Oils ($123). During the last 5 years the exports of Benin to Bulgaria have increased at an annualized rate of 60%, from $107k in 2022 to $1.13M in 2017.

Exports from Bulgaria () to Benin () (2022)

Exports from Benin () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Benin ()

Bulgaria Exports

Date

Benin Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.91B

Benin
Top DestinationIndia$448M

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

In 2022, countries that imported more from Bulgaria than Benin included Germany ($6.91B), Romania ($6.55B), and Italy ($3.85B).

In 2022, countries that imported more from Benin than Bulgaria included Bangladesh ($406M), United Arab Emirates ($382M), and India ($448M).

Difference in imports from Benin () and Bulgaria () (2022)

Comparative Advantage Bulgaria - Benin

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bulgaria had a large net trade with Benin in the exports of Textiles ($1.14M), Machines ($296k), and Foodstuffs ($201k).

During 2017, Benin had a large net trade with Bulgaria in the exports of Textiles ($1.13M), Vegetable Products ($216), and Animal and Vegetable Bi-Products ($123).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Benin+$151kPoultry Meat

Top Product Potential Benin Bulgaria+$207kRaw Cotton

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Benin () (2022)

Exports from Benin () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Benin ()

Bulgaria Exports

Benin Exports

Market Competitiveness

Difference in imports from Benin () and Bulgaria () (2022)

Comparative Advantage Bulgaria - Benin

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Bulgaria () and Benin () (2022)

Keep Exploring