Bulgaria (BGR) and Oman (OMN) Trade | The Observatory of Economic Complexity

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Bulgaria-Oman Trade: In 2023, Bulgaria exported $7.31M to Oman. The main products that Bulgaria exported to Oman were Electrical Control Boards ($1.52M), Kraft Paper ($757k), and Metal Lathes ($590k). Over the past 5 years the exports of Bulgaria to Oman have decreased at an annualized rate of 5.5%, from $9.71M in 2018 to $7.31M in 2023.

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

Oman-Bulgaria Trade: In 2023, Oman exported $26.8M to Bulgaria. The main products that Oman exported to Bulgaria were Semi-Finished Iron ($16M), Ammonia ($2.67M), and Aluminium Plating ($2.54M). Over the past 5 years the exports of Oman to Bulgaria have increased at an annualized rate of 30.9%, from $1.38M in 2018 to $26.8M in 2023.

In 2023, Oman 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, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $7.31M to Oman. The main products exported from Bulgaria to Oman were Electrical Control Boards ($1.52M), Kraft Paper ($757k), and Metal Lathes ($590k). During the last 5 years the exports of Bulgaria to Oman have decreased at an annualized rate of 5.5%, from $9.71M in 2018 to $7.31M in 2023.

In 2018, Oman exported $26.8M to Bulgaria. The main products exported from Oman to Bulgaria were Semi-Finished Iron ($16M), Ammonia ($2.67M), and Aluminium Plating ($2.54M). During the last 5 years the exports of Oman to Bulgaria have increased at an annualized rate of 30.9%, from $1.38M in 2023 to $26.8M in 2018.

Exports from Bulgaria () to Oman () (2023)

Exports from Oman () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Oman ()

Bulgaria Exports

Date

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Oman
Top DestinationChina$30.2B

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

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

In 2023, countries that imported more from Oman than Bulgaria included China ($30.2B), India ($4.5B), and Saudi Arabia ($3.64B).

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

Comparative Advantage Bulgaria - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Oman in the exports of Machines ($4.16M), Paper Goods ($773k), and Foodstuffs ($530k).

During 2018, Oman had a large net trade with Bulgaria in the exports of Metals ($18.6M), Chemical Products ($2.68M), and Plastics and Rubbers ($2.24M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Oman+$825kSeed Oils

Top Product Potential Oman Bulgaria+$1.35MPolyacetals

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

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Oman () (2023)

Exports from Oman () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Oman ()

Bulgaria Exports

Oman Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Oman

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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