Bulgaria / Latvia

Bulgaria-Latvia Trade: In 2023, Bulgaria exported $71.8M to Latvia. The main products that Bulgaria exported to Latvia were Packaged Medicaments ($15M), Broadcasting Equipment ($8.43M), and Rapeseed ($2.26M). Over the past 5 years the exports of Bulgaria to Latvia have increased at an annualized rate of 9.25%, from $46.1M in 2018 to $71.8M in 2023.

In 2020, Bulgaria exported services to Latvia worth $11M, with Royalties and license fees ($4.34M), Transportation ($3.2M), and Travel ($2.06M) being the largest in terms of value.

Latvia-Bulgaria Trade: In 2023, Latvia exported $56.5M to Bulgaria. The main products that Latvia exported to Bulgaria were Glass Fibers ($5.16M), Motor vehicles; parts and accessories (8701 to 8705) ($4.2M), and Broadcasting Equipment ($3.95M). Over the past 5 years the exports of Latvia to Bulgaria have increased at an annualized rate of 4.09%,  from $46.2M in 2018 to $56.5M in 2023.

In 2020, Latvia exported services to Bulgaria worth $12.6M, with Transportation ($5.71M), Other business services ($3.43M), and Travel ($2.28M) being the largest in terms of value.

Comparison In 2023,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69),  and 59 in total exports ($50.6B). That same year, Latvia ranked 80 in total exports ($19.9B), and does not have data regarding Economic Complexity Index.