Bulgaria (BGR) and Ghana (GHA) Trade | The Observatory of Economic Complexity

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Bulgaria-Ghana Trade: In 2023, Bulgaria exported $7.71M to Ghana. The main products that Bulgaria exported to Ghana were Nitrogenous Fertilizers ($1.32M), Prepared Explosives ($1.21M), and Felt or Coated Fabric Garments ($905k). Over the past 5 years the exports of Bulgaria to Ghana have decreased at an annualized rate of 15.4%, from $17.8M in 2018 to $7.71M in 2023.

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

Ghana-Bulgaria Trade: In 2023, Ghana exported $13.6M to Bulgaria. The main products that Ghana exported to Bulgaria were Scrap Copper ($9.08M), Cocoa Paste ($2.31M), and Cocoa Beans ($1.12M). Over the past 5 years the exports of Ghana to Bulgaria have increased at an annualized rate of 11.8%, from $7.75M in 2018 to $13.6M in 2023.

In 2023, Ghana 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, Ghana ranked 109 in the Economic Complexity Index (ECI -0.97), and 71 in total exports ($27.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $7.71M to Ghana. The main products exported from Bulgaria to Ghana were Nitrogenous Fertilizers ($1.32M), Prepared Explosives ($1.21M), and Felt or Coated Fabric Garments ($905k). During the last 5 years the exports of Bulgaria to Ghana have decreased at an annualized rate of 15.4%, from $17.8M in 2018 to $7.71M in 2023.

In 2018, Ghana exported $13.6M to Bulgaria. The main products exported from Ghana to Bulgaria were Scrap Copper ($9.08M), Cocoa Paste ($2.31M), and Cocoa Beans ($1.12M). During the last 5 years the exports of Ghana to Bulgaria have increased at an annualized rate of 11.8%, from $7.75M in 2023 to $13.6M in 2018.

Exports from Bulgaria () to Ghana () (2023)

Exports from Ghana () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Ghana ()

Bulgaria Exports

Date

Ghana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Ghana
Top DestinationSwitzerland$6.49B

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

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

In 2023, countries that imported more from Ghana than Bulgaria included Switzerland ($6.49B), United Arab Emirates ($4.93B), and India ($2.26B).

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

Comparative Advantage Bulgaria - Ghana

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Ghana in the exports of Chemical Products ($2.88M), Textiles ($1.05M), and Plastics and Rubbers ($1.05M).

During 2018, Ghana had a large net trade with Bulgaria in the exports of Metals ($9.08M), Foodstuffs ($3.82M), and Wood Products ($585k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Ghana+$488kMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Ghana Bulgaria+$491kCocoa Paste

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 Ghana. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Ghana. Similarly, a dot/product with the flag of Ghana indicates it has a comparative advantage over Bulgaria.

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Ghana () (2023)

Exports from Ghana () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Ghana ()

Bulgaria Exports

Ghana Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Ghana

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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