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2022
Flag → Flag
Exports $148MRnk 47 / 206
2022
Flag → Flag
Top Product $17.3MCorn
2022
Flag → Flag
Exports $149MRnk 48 / 208
2022
Flag → Flag
Top Product $19.2MCopper Ore
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 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$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Bulgaria-Portugal Trade: In 2022, Bulgaria exported $148M to Portugal. The main products that Bulgaria exported to Portugal were Corn ($17.3M), Wheat ($7.84M), and Electrical Control Boards ($7.82M). Over the past 5 years the exports of Bulgaria to Portugal have increased at an annualized rate of 0.55%, from $144M in 2017 to $148M in 2022.

In 2020, Bulgaria exported services to Portugal worth $13.8M, with Transportation ($6.05M), Travel ($4.34M), and Other business services ($1.6M) being the largest in terms of value.

Portugal-Bulgaria Trade: In 2022, Portugal exported $149M to Bulgaria. The main products that Portugal exported to Bulgaria were Copper Ore ($19.2M), Insulated Wire ($15.8M), and Pesticides ($6.73M). Over the past 5 years the exports of Portugal to Bulgaria have increased at an annualized rate of 4.94%,  from $92M in 2017 to $149M in 2022.

In 2020, Portugal exported services to Bulgaria worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

Comparison: In 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $148M to Portugal. The main products exported from Bulgaria to Portugal were Corn ($17.3M), Wheat ($7.84M), and Electrical Control Boards ($7.82M). During the last 5 years the exports of Bulgaria to Portugal have increased at an annualized rate of 0.55%, from $144M in 2017 to $148M in 2022.

In 2017, Portugal exported $149M to Bulgaria. The main products exported from Portugal to Bulgaria were Copper Ore ($19.2M), Insulated Wire ($15.8M), and Pesticides ($6.73M). During the last 5 years the exports of Portugal to Bulgaria have increased at an annualized rate of 4.94%, from $92M in 2022 to $149M in 2017.

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

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

Latest Data

Trade between Bulgaria (Flag) and Portugal (Flag)

Bulgaria Exports

Portugal Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.91B
Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from Bulgaria than Portugal included Romania ($6.55B), Greece ($2.93B), and Turkey ($2.95B).

In 2022, countries that imported more from Portugal than Bulgaria included Spain ($20.5B), France ($9.49B), and United States ($5.66B).

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

Comparative Advantage Bulgaria - Portugal

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Portugal in the exports of Machines ($46.4M), Vegetable Products ($26.4M), and Metals ($19.1M).

During 2017, Portugal had a large net trade with Bulgaria in the exports of Machines ($38M), Mineral Products ($19.6M), and Chemical Products ($15.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Portugal+$5.04MRefined Petroleum
Top Product Potential Portugal Bulgaria+$3.02MPackaged Medicaments

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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Bilateral Service Trade

In 2020, Bulgaria exported services to Portugal worth $13.8M, with Transportation ($6.05M), Travel ($4.34M), and Other business services ($1.6M) being the largest in terms of value.

In 2020, Portugal exported services to Bulgaria worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to Portugal (Flag) (2020)

Services Exports from Portugal (Flag) to Bulgaria (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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