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Pricing

2022
Flag → Flag
Exports $910kRnk 146 / 206
2022
Flag → Flag
Top Product $254kNon-Retail Mixed Cotton Yarn
2022
Flag → Flag
Exports $8.03kRnk 149 / 157
2022
Flag → Flag
Top Product $6.64kPrecious Stones
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Bulgaria-Madagascar Trade: In 2022, Bulgaria exported $910k to Madagascar. The main products that Bulgaria exported to Madagascar were Non-Retail Mixed Cotton Yarn ($254k), Non-woven Textiles ($152k), and Other Edible Preparations ($125k). Over the past 5 years the exports of Bulgaria to Madagascar have increased at an annualized rate of 4.94%, from $715k in 2017 to $910k in 2022.

In 2022, Bulgaria did not export any services to Madagascar.

Madagascar-Bulgaria Trade: In 2022, Madagascar exported $8.03k to Bulgaria. The main products that Madagascar exported to Bulgaria were Precious Stones ($6.64k), Vanilla ($1.25k), and Light Fixtures ($133). Over the past 5 years the exports of Madagascar to Bulgaria have decreased at an annualized rate of 12.7%,  from $160k in 2017 to $8.03k in 2022.

In 2022, Madagascar did not export any services to Bulgaria.

Comparison: In 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $910k to Madagascar. The main products exported from Bulgaria to Madagascar were Non-Retail Mixed Cotton Yarn ($254k), Non-woven Textiles ($152k), and Other Edible Preparations ($125k). During the last 5 years the exports of Bulgaria to Madagascar have increased at an annualized rate of 4.94%, from $715k in 2017 to $910k in 2022.

In 2017, Madagascar exported $8.03k to Bulgaria. The main products exported from Madagascar to Bulgaria were Precious Stones ($6.64k), Vanilla ($1.25k), and Light Fixtures ($133). During the last 5 years the exports of Madagascar to Bulgaria have decreased at an annualized rate of 12.7%, from $160k in 2022 to $8.03k in 2017.

Exports from Bulgaria (Flag) to Madagascar (Flag) (2022)

Exports from Madagascar (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and Madagascar (Flag)

Bulgaria Exports

Madagascar Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.91B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Bulgaria than Madagascar included Germany ($6.91B), Romania ($6.55B), and Italy ($3.85B).

In 2022, countries that imported more from Madagascar than Bulgaria included Japan ($448M), Singapore ($91.5M), and Indonesia ($147M).

Difference in imports from Madagascar (Flag) and Bulgaria (Flag) (2022)

Comparative Advantage Bulgaria - Madagascar

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Madagascar in the exports of Textiles ($497k), Foodstuffs ($138k), and Miscellaneous ($83.8k).

During 2017, Madagascar had a large net trade with Bulgaria in the exports of Precious Metals ($6.64k), Vegetable Products ($1.25k), and Miscellaneous ($133).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Madagascar+$99.1kOther Edible Preparations
Top Product Potential Madagascar Bulgaria+$15.6kPrecious Stones

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

This visualization shows the product space at the HS4 level with the flags of Bulgaria and Madagascar. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over Bulgaria.

Product Space of Bulgaria (Flag) and Madagascar (Flag) (2022)

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