Bulgaria (BGR) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Bulgaria-Paraguay Trade: In 2022, Bulgaria exported $3.36M to Paraguay. The main products that Bulgaria exported to Paraguay were Low-voltage Protection Equipment ($639k), Metal Insulating Fittings ($623k), and Other Rubber Products ($283k). Over the past 5 years the exports of Bulgaria to Paraguay have decreased at an annualized rate of 0.52%, from $3.45M in 2017 to $3.36M in 2022.

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

Paraguay-Bulgaria Trade: In 2022, Paraguay exported $2.21M to Bulgaria. The main products that Paraguay exported to Bulgaria were Other Oily Seeds ($1.42M), Rice ($525k), and Scrap Copper ($163k). Over the past 5 years the exports of Paraguay to Bulgaria have increased at an annualized rate of 14%, from $403k in 2017 to $2.21M in 2022.

In 2022, Paraguay 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, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bulgaria exported $3.36M to Paraguay. The main products exported from Bulgaria to Paraguay were Low-voltage Protection Equipment ($639k), Metal Insulating Fittings ($623k), and Other Rubber Products ($283k). During the last 5 years the exports of Bulgaria to Paraguay have decreased at an annualized rate of 0.52%, from $3.45M in 2017 to $3.36M in 2022.

In 2017, Paraguay exported $2.21M to Bulgaria. The main products exported from Paraguay to Bulgaria were Other Oily Seeds ($1.42M), Rice ($525k), and Scrap Copper ($163k). During the last 5 years the exports of Paraguay to Bulgaria have increased at an annualized rate of 14%, from $403k in 2022 to $2.21M in 2017.

Exports from Bulgaria () to Paraguay () (2022)

Exports from Paraguay () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Paraguay ()

Bulgaria Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.91B

Paraguay
Top DestinationBrazil$3.67B

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

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

In 2022, countries that imported more from Paraguay than Bulgaria included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

Difference in imports from Paraguay () and Bulgaria () (2022)

Comparative Advantage Bulgaria - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bulgaria had a large net trade with Paraguay in the exports of Machines ($1.82M), Chemical Products ($544k), and Plastics and Rubbers ($376k).

During 2017, Paraguay had a large net trade with Bulgaria in the exports of Vegetable Products ($1.95M), Metals ($163k), and Animal Products ($88.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Paraguay+$388kLow-voltage Protection Equipment

Top Product Potential Paraguay Bulgaria+$367kRice

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

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Paraguay () (2022)

Exports from Paraguay () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Paraguay ()

Bulgaria Exports

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Bulgaria () (2022)

Comparative Advantage Bulgaria - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bulgaria () and Paraguay () (2022)

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