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2022
Flag → Flag
Exports $82.5MRnk 63 / 206
2022
Flag → Flag
Top Product $17.5MIntegrated Circuits
2022
Flag → Flag
Exports $127MRnk 84 / 218
2022
Flag → Flag
Top Product $30.6MAir Conditioners
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 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$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Bulgaria-Thailand Trade: In 2022, Bulgaria exported $82.5M to Thailand. The main products that Bulgaria exported to Thailand were Integrated Circuits ($17.5M), Carbonates ($13.1M), and Packaged Medicaments ($8.24M). Over the past 5 years the exports of Bulgaria to Thailand have increased at an annualized rate of 3.32%, from $70M in 2017 to $82.5M in 2022.

In 2020, Bulgaria exported services to Thailand worth $4.8M, with Transportation ($3.66M), Computer and information services ($571k), and Other business services ($343k) being the largest in terms of value.

Thailand-Bulgaria Trade: In 2022, Thailand exported $127M to Bulgaria. The main products that Thailand exported to Bulgaria were Air Conditioners ($30.6M), Gas and Liquid Flow Measuring Instruments ($13.4M), and Electrical Parts ($11.3M). Over the past 5 years the exports of Thailand to Bulgaria have increased at an annualized rate of 11%,  from $75.6M in 2017 to $127M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $82.5M to Thailand. The main products exported from Bulgaria to Thailand were Integrated Circuits ($17.5M), Carbonates ($13.1M), and Packaged Medicaments ($8.24M). During the last 5 years the exports of Bulgaria to Thailand have increased at an annualized rate of 3.32%, from $70M in 2017 to $82.5M in 2022.

In 2017, Thailand exported $127M to Bulgaria. The main products exported from Thailand to Bulgaria were Air Conditioners ($30.6M), Gas and Liquid Flow Measuring Instruments ($13.4M), and Electrical Parts ($11.3M). During the last 5 years the exports of Thailand to Bulgaria have increased at an annualized rate of 11%, from $75.6M in 2022 to $127M in 2017.

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

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

Latest Data

Trade between Bulgaria (Flag) and Thailand (Flag)

Bulgaria Exports

Thailand Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.91B
Thailand
Top DestinationUnited States$53.4B

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

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

In 2022, countries that imported more from Thailand than Bulgaria included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Comparative Advantage Bulgaria - Thailand

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Thailand in the exports of Chemical Products ($26.8M), Machines ($26.1M), and Instruments ($9.71M).

During 2017, Thailand had a large net trade with Bulgaria in the exports of Machines ($73.6M), Plastics and Rubbers ($19M), and Instruments ($14M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Thailand+$9.16MIntegrated Circuits
Top Product Potential Thailand Bulgaria+$9.86MIntegrated 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 Thailand. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Thailand. Similarly, a dot/product with the flag of Thailand indicates it has a comparative advantage over Bulgaria.

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

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