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2022
Flag → Flag
Exports $43.1MRnk 73 / 206
2022
Flag → Flag
Top Product $25.3MIntegrated Circuits
2022
Flag → Flag
Exports $85.9MRnk 40 / 205
2022
Flag → Flag
Top Product $77.6MIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 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$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Bulgaria-Philippines Trade: In 2022, Bulgaria exported $43.1M to Philippines. The main products that Bulgaria exported to Philippines were Integrated Circuits ($25.3M), Medical Instruments ($5.15M), and Pesticides ($1.5M). Over the past 5 years the exports of Bulgaria to Philippines have decreased at an annualized rate of 9.09%, from $69.4M in 2017 to $43.1M in 2022.

In 2020, Bulgaria exported services to Philippines worth $6.05M, with Travel ($3.54M), Other business services ($1.6M), and Transportation ($685k) being the largest in terms of value.

Philippines-Bulgaria Trade: In 2022, Philippines exported $85.9M to Bulgaria. The main products that Philippines exported to Bulgaria were Integrated Circuits ($77.6M), Semiconductor Devices ($2.2M), and Bi-Wheel Vehicle Parts ($1.15M). Over the past 5 years the exports of Philippines to Bulgaria have decreased at an annualized rate of 0.33%,  from $87.4M in 2017 to $85.9M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $43.1M to Philippines. The main products exported from Bulgaria to Philippines were Integrated Circuits ($25.3M), Medical Instruments ($5.15M), and Pesticides ($1.5M). During the last 5 years the exports of Bulgaria to Philippines have decreased at an annualized rate of 9.09%, from $69.4M in 2017 to $43.1M in 2022.

In 2017, Philippines exported $85.9M to Bulgaria. The main products exported from Philippines to Bulgaria were Integrated Circuits ($77.6M), Semiconductor Devices ($2.2M), and Bi-Wheel Vehicle Parts ($1.15M). During the last 5 years the exports of Philippines to Bulgaria have decreased at an annualized rate of 0.33%, from $87.4M in 2022 to $85.9M in 2017.

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

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

Latest Data

Trade between Bulgaria (Flag) and Philippines (Flag)

Bulgaria Exports

Philippines Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.91B
Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Bulgaria than Philippines included Romania ($6.55B), Italy ($3.85B), and Greece ($2.93B).

In 2022, countries that imported more from Philippines than Bulgaria included China ($15.3B), United States ($15.5B), and Hong Kong ($12.6B).

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

Comparative Advantage Bulgaria - Philippines

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Philippines in the exports of Machines ($28.5M), Instruments ($5.73M), and Chemical Products ($2.52M).

During 2017, Philippines had a large net trade with Bulgaria in the exports of Machines ($82.6M), Transportation ($1.17M), and Plastics and Rubbers ($735k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Philippines+$9.83MIntegrated Circuits
Top Product Potential Philippines Bulgaria+$19.8MIntegrated Circuits

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

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

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