Bulgaria (BGR) and Namibia (NAM) Trade | The Observatory of Economic Complexity

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Bulgaria-Namibia Trade: In 2023, Bulgaria exported $62.8M to Namibia. The main products that Bulgaria exported to Namibia were Copper Ore ($55.7M), Other Ores ($3.64M), and Sulfuric Acid ($1.89M). Over the past 5 years the exports of Bulgaria to Namibia have decreased at an annualized rate of 21.1%, from $205M in 2018 to $62.8M in 2023.

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

Namibia-Bulgaria Trade: In 2023, Namibia exported $4.75M to Bulgaria. The main products that Namibia exported to Bulgaria were Refined Copper ($4.69M), Collector's Items ($36.1k), and Grapes ($25.7k). Over the past 5 years the exports of Namibia to Bulgaria have increased at an annualized rate of 42.3%, from $48.3k in 2018 to $4.75M in 2023.

In 2023, Namibia 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, Namibia ranked 98 in the Economic Complexity Index (ECI -0.74), and 124 in total exports ($6.28B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $62.8M to Namibia. The main products exported from Bulgaria to Namibia were Copper Ore ($55.7M), Other Ores ($3.64M), and Sulfuric Acid ($1.89M). During the last 5 years the exports of Bulgaria to Namibia have decreased at an annualized rate of 21.1%, from $205M in 2018 to $62.8M in 2023.

In 2018, Namibia exported $4.75M to Bulgaria. The main products exported from Namibia to Bulgaria were Refined Copper ($4.69M), Collector's Items ($36.1k), and Grapes ($25.7k). During the last 5 years the exports of Namibia to Bulgaria have increased at an annualized rate of 42.3%, from $48.3k in 2023 to $4.75M in 2018.

Exports from Bulgaria () to Namibia () (2023)

Exports from Namibia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Namibia ()

Bulgaria Exports

Date

Namibia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Namibia
Top DestinationSouth Africa$1.71B

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

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

In 2023, countries that imported more from Namibia than Bulgaria included South Africa ($1.71B), Botswana ($504M), and Zambia ($329M).

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

Comparative Advantage Bulgaria - Namibia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Namibia in the exports of Mineral Products ($59.3M), Chemical Products ($1.93M), and Textiles ($598k).

During 2018, Namibia had a large net trade with Bulgaria in the exports of Metals ($4.69M), Arts and Antiques ($36.1k), and Vegetable Products ($25.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Namibia+$85.7kComputers

Top Product Potential Namibia Bulgaria+$27.6kWood Charcoal

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

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Namibia () (2023)

Exports from Namibia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Namibia ()

Bulgaria Exports

Namibia Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Namibia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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