Bulgaria (BGR) and Laos (LAO) Trade | The Observatory of Economic Complexity

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Bulgaria-Laos Trade: In 2023, Bulgaria exported $3.54k to Laos. The main products that Bulgaria exported to Laos were Video and Card Games ($2.99k) and Other Edible Preparations ($548). Over the past 5 years the exports of Bulgaria to Laos have decreased at an annualized rate of 36.6%, from $34.6k in 2018 to $3.54k in 2023.

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

Laos-Bulgaria Trade: In 2023, Laos exported $2.35M to Bulgaria. The main products that Laos exported to Bulgaria were Raw Sugar ($2.35M), Electrical Transformers ($379), and Packaged Medicaments ($108). Over the past 5 years the exports of Laos to Bulgaria have increased at an annualized rate of 27.3%, from $18.9k in 2018 to $2.35M in 2023.

In 2023, Laos 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, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $3.54k to Laos. The main products exported from Bulgaria to Laos were Video and Card Games ($2.99k) and Other Edible Preparations ($548). During the last 5 years the exports of Bulgaria to Laos have decreased at an annualized rate of 36.6%, from $34.6k in 2018 to $3.54k in 2023.

In 2018, Laos exported $2.35M to Bulgaria. The main products exported from Laos to Bulgaria were Raw Sugar ($2.35M), Electrical Transformers ($379), and Packaged Medicaments ($108). During the last 5 years the exports of Laos to Bulgaria have increased at an annualized rate of 27.3%, from $18.9k in 2023 to $2.35M in 2018.

Exports from Bulgaria () to Laos () (2023)

Exports from Laos () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Laos ()

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Laos
Top DestinationChina$3.41B

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

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

In 2023, countries that imported more from Laos than Bulgaria included Thailand ($2.99B), China ($3.41B), and Australia ($367M).

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

Comparative Advantage Bulgaria - Laos

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Laos in the exports of Miscellaneous ($2.99k) and Foodstuffs ($548).

During 2018, Laos had a large net trade with Bulgaria in the exports of Foodstuffs ($2.35M), Machines ($379), and Chemical Products ($108).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Laos+$17.7kOther Edible Preparations

Top Product Potential Laos Bulgaria+$13.4kBroadcasting Equipment

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

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Laos () (2023)

Exports from Laos () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Laos ()

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Laos

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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