Flag Bulgaria / Georgia Flag

Exports FlagFlag  (2018): $201M, Rnk 29 / 192

Top Product FlagFlag (2018): $92.6M, Refined Petroleum

Exports FlagFlag (2018): $320M, Rnk 3 / 143

Top Product FlagFlag (2018): $260M, Copper Ore

Economic Complexity of Flag (2018): ECI 0.49, Rnk 47 / 137

Economic Complexity of Flag (2018): ECI 0.037, Rnk 63 / 137

GDP Flag (2018): $65.1B, CURRENT US$
Rnk 74 / 196

GDP GROWTH Flag (2008-2018): 19.7%, CURRENT US$
Rnk 126 / 196

GDP Flag (2018): $17.6B, CURRENT US$
Rnk 118 / 196

GDP GROWTH Flag (2008-2018): 37.6%, CURRENT US$
Rnk 102 / 196

GDP PC Flag (2018): $9,273, CURRENT US$
Rnk 81 / 196

GDP PC GROWTH Flag (2008-2018): 27.7%, CURRENT US$
Rnk 88 / 196

GDP PC Flag (2018): $4,717, CURRENT US$
Rnk 112 / 196

GDP PC GROWTH Flag (2008-2018): 41.9%, CURRENT US$
Rnk 56 / 196

Bulgaria-Georgia: In 2018, Bulgaria exported $201M to Georgia. The main products exported from Bulgaria to Georgia were Refined Petroleum ($92.6M), Video and Card Games ($16.8M), and Packaged Medicaments ($12.4M). During the last 22 years the exports of Bulgaria to Georgia have increased at an annualized rate of 6.64%, from $48.9M in 1996 to $201M in 2018.

Georgia-Bulgaria: In 2018, Georgia exported $320M to Bulgaria. The main products exported from Georgia to Bulgaria were Copper Ore ($260M), Crude Petroleum ($34.5M), and Nitrogenous Fertilizers ($12.1M). During the last 22 years the exports of Georgia to Bulgaria have increased at an annualized rate of 16.7%, from $10.6M in 1996 to $320M in 2018.

Comparison: In 2018, Bulgaria ranked 47 in the Economic Complexity Index (ECI 0.49), and 63 in total exports ($34B). That same year, Georgia ranked 63 in the Economic Complexity Index (ECI 0.037), and 121 in total exports ($3.82B). In terms of GDP Per Capita, Bulgaria was ranked 81 with a GDP Per Capita of $9,273, and Georgia was ranked 112 with a GDP Per Capita of $4,717.

Bilateral Trade by Products

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Depth
Value

In 2018, Bulgaria exported $201M to Georgia. The main products exported from Bulgaria to Georgia were Refined Petroleum ($92.6M), Video and Card Games ($16.8M), and Packaged Medicaments ($12.4M). During the last 22 years the exports of Bulgaria to Georgia have increased at an annualized rate of 6.64%, from $48.9M in 1996 to $201M in 2018.

In 2018, Georgia exported $320M to Bulgaria. The main products exported from Georgia to Bulgaria were Copper Ore ($260M), Crude Petroleum ($34.5M), and Nitrogenous Fertilizers ($12.1M). During the last 22 years the exports of Georgia to Bulgaria have increased at an annualized rate of 16.7%, from $10.6M in 1996 to $320M in 2018.

Market Competitiveness

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Measure

Bulgaria
Top Destination
: Germany, $5.32B

Georgia
Top Destination
: Azerbaijan, $498M

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 2018, countries that imported more from Bulgaria than Georgia were Germany ($5.32B), Italy ($2.95B), and Romania ($2.77B).

In 2018, countries that imported more from Georgia than Bulgaria were Azerbaijan ($498M), Armenia ($267M), and Uzbekistan ($83M).

Comparative Advantage Bulgaria - Georgia

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Depth

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

During 2018, Bulgaria had a large net trade with Georgia in the exports of Mineral Products ($93.8M), Machines ($25.8M), and Chemical Products ($21.6M).

During 2018, Georgia had a large net trade with Bulgaria in the exports of Mineral Products ($295M), Chemical Products ($14.2M), and Metals ($5.69M).

Tariff Section

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This sections shows import tariffs for products traded between Bulgaria and Georgia (using the HS6 product classification and the last year reported).

In 2017, the products from Bulgaria that paid the highest import tariffs to enter Georgia were Garlic, fresh or chilled (70.4%) and Grape must, unfermented, except as fruit juice (30.3%).

In 2016, the products from Georgia that paid the highest import tariffs to enter Bulgaria were Ethyl alcohol and other spirits, denatured (226%) and Fermented beverages nes (eg cider, perry, mead, etc) (16.6%).

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*The tariffs present between Bulgaria and Georgia are:
96: Bulgaria Generalized System of Preference
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
226: Preferential tariff for Georgia

Trade Forecasts

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This section shows a forecast for total trade between Bulgaria and Georgia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

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 red.  This mean that the more blue a dot/product is, the more Bulgaria has comparative advantage over Georgia. Similarly, the more red a dot/product is, the more Georgia has comparative advantage over Bulgaria.