Bulgaria (BGR) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Bulgaria-Iraq Trade: In 2023, Bulgaria exported $209M to Iraq. The main products that Bulgaria exported to Iraq were Seed Oils ($86M), Refined Petroleum ($17.8M), and Video Recording Equipment ($13.9M). Over the past 5 years the exports of Bulgaria to Iraq have increased at an annualized rate of 39.3%, from $39.9M in 2018 to $209M in 2023.

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

Iraq-Bulgaria Trade: In 2023, Iraq exported $1.18M to Bulgaria. The main products that Iraq exported to Bulgaria were Other Vegetables ($866k), Refined Petroleum ($195k), and Frozen Vegetables ($88.1k). Over the past 5 years the exports of Iraq to Bulgaria have decreased at an annualized rate of 56%, from $71.2M in 2018 to $1.18M in 2023.

In 2023, Iraq 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, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $209M to Iraq. The main products exported from Bulgaria to Iraq were Seed Oils ($86M), Refined Petroleum ($17.8M), and Video Recording Equipment ($13.9M). During the last 5 years the exports of Bulgaria to Iraq have increased at an annualized rate of 39.3%, from $39.9M in 2018 to $209M in 2023.

In 2018, Iraq exported $1.18M to Bulgaria. The main products exported from Iraq to Bulgaria were Other Vegetables ($866k), Refined Petroleum ($195k), and Frozen Vegetables ($88.1k). During the last 5 years the exports of Iraq to Bulgaria have decreased at an annualized rate of 56%, from $71.2M in 2023 to $1.18M in 2018.

Exports from Bulgaria () to Iraq () (2023)

Exports from Iraq () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Iraq ()

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Iraq
Top DestinationChina$35.5B

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

In 2023, countries that imported more from Bulgaria than Iraq included Romania ($5.63B), Germany ($6.84B), and Poland ($2.11B).

In 2023, countries that imported more from Iraq than Bulgaria included China ($35.5B), India ($29.8B), and United States ($8.92B).

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

Comparative Advantage Bulgaria - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Iraq in the exports of Animal and Vegetable Bi-Products ($86M), Machines ($29M), and Mineral Products ($17.8M).

During 2018, Iraq had a large net trade with Bulgaria in the exports of Vegetable Products ($954k), Mineral Products ($195k), and Transportation ($14.8k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Iraq+$17.8MRefined Petroleum

Top Product Potential Iraq Bulgaria+$94.1MCrude 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 Iraq. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Bulgaria.

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Iraq () (2023)

Exports from Iraq () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Iraq ()

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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