Bulgaria (BGR) and Slovakia (SVK) Trade | The Observatory of Economic Complexity

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Bulgaria-Slovakia Trade: In 2022, Bulgaria exported $253M to Slovakia. The main products that Bulgaria exported to Slovakia were Industrial Fatty Acids, Oils and Alcohols ($58.8M), Excavation Machinery ($58.8M), and Raw Zinc ($39.3M). Over the past 5 years the exports of Bulgaria to Slovakia have increased at an annualized rate of 88.3%, from $10.7M in 2017 to $253M in 2022.

In 2020, Bulgaria exported services to Slovakia worth $36.2M, with Transportation ($14.5M), Computer and information services ($8.57M), and Travel ($5.37M) being the largest in terms of value.

Slovakia-Bulgaria Trade: In 2022, Slovakia exported $559M to Bulgaria. The main products that Slovakia exported to Bulgaria were Broadcasting Equipment ($173M), Video Displays ($68M), and Cars ($33.2M). Over the past 5 years the exports of Slovakia to Bulgaria have increased at an annualized rate of 100%, from $17.3M in 2017 to $559M in 2022.

In 2020, Slovakia exported services to Bulgaria worth $28.4M, with Travel ($8.91M), Transportation ($7.31M), and Computer and information services ($4.68M) 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, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bulgaria exported $253M to Slovakia. The main products exported from Bulgaria to Slovakia were Industrial Fatty Acids, Oils and Alcohols ($58.8M), Excavation Machinery ($58.8M), and Raw Zinc ($39.3M). During the last 5 years the exports of Bulgaria to Slovakia have increased at an annualized rate of 88.3%, from $10.7M in 2017 to $253M in 2022.

In 2017, Slovakia exported $559M to Bulgaria. The main products exported from Slovakia to Bulgaria were Broadcasting Equipment ($173M), Video Displays ($68M), and Cars ($33.2M). During the last 22 years the exports of Slovakia to Bulgaria have increased at an annualized rate of 100%, from $17.3M in 1995 to $559M in 2017.

Exports from Bulgaria () to Slovakia () (2022)

Exports from Slovakia () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Slovakia ()

Bulgaria Exports

Date

Slovakia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.91B

Slovakia
Top DestinationGermany$22.2B

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

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

In 2022, countries that imported more from Slovakia than Bulgaria included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

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

Comparative Advantage Bulgaria - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bulgaria had a large net trade with Slovakia in the exports of Machines ($151M), Metals ($101M), and Chemical Products ($68.6M).

During 2017, Slovakia had a large net trade with Bulgaria in the exports of Machines ($380M), Transportation ($53.5M), and Metals ($43.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Slovakia+$9.24MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Slovakia Bulgaria+$22.7MCars

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

Svk Year

Bgr Year

In 2020, Bulgaria exported services to Slovakia worth $36.2M, with Transportation ($14.5M), Computer and information services ($8.57M), and Travel ($5.37M) being the largest in terms of value.

In 2020, Slovakia exported services to Bulgaria worth $28.4M, with Travel ($8.91M), Transportation ($7.31M), and Computer and information services ($4.68M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria () to Slovakia () (2020)

Services Exports from Slovakia () to Bulgaria () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Slovakia () (2022)

Exports from Slovakia () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Slovakia ()

Bulgaria Exports

Slovakia Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Slovakia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Bulgaria () to Slovakia () (2020)

Services Exports from Slovakia () to Bulgaria () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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