2022
Flag  
GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP
$406BCURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP GROWTH
-6.57%CURRENT US$
Rnk 171 / 186
2022
Flag
GDP PC 
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC
$6,776CURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP PC GROWTH
-17.1%CURRENT US$
Rnk 167 / 186

About

Bulgaria-South Africa Trade: In 2022, Bulgaria exported $264M to South Africa. The main products that Bulgaria exported to South Africa were Seed Oils ($176M), Kraft Paper ($15.7M), and Carbonates ($10.2M). Over the past 5 years the exports of Bulgaria to South Africa have increased at an annualized rate of 23.8%, from $90.8M in 2017 to $264M in 2022.

In 2020, Bulgaria exported services to South Africa worth $7.65M, with Computer and information services ($4.34M), Other business services ($1.48M), and Transportation ($1.14M) being the largest in terms of value.

South Africa-Bulgaria Trade: In 2022, South Africa exported $117M to Bulgaria. The main products that South Africa exported to Bulgaria were Copper Ore ($30.2M), Coal Briquettes ($22M), and Raw Sugar ($16.5M). Over the past 5 years the exports of South Africa to Bulgaria have increased at an annualized rate of 24.1%,  from $39.7M in 2017 to $117M in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $264M to South Africa. The main products exported from Bulgaria to South Africa were Seed Oils ($176M), Kraft Paper ($15.7M), and Carbonates ($10.2M). During the last 5 years the exports of Bulgaria to South Africa have increased at an annualized rate of 23.8%, from $90.8M in 2017 to $264M in 2022.

In 2017, South Africa exported $117M to Bulgaria. The main products exported from South Africa to Bulgaria were Copper Ore ($30.2M), Coal Briquettes ($22M), and Raw Sugar ($16.5M). During the last 5 years the exports of South Africa to Bulgaria have increased at an annualized rate of 24.1%, from $39.7M in 2022 to $117M in 2017.

Exports from Bulgaria (Flag) to South Africa (Flag) (2022)

Exports from South Africa (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and South Africa (Flag)

Bulgaria Exports

South Africa Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
South Africa
Top Destination
China$23.4B

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

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

In 2022, countries that imported more from South Africa than Bulgaria included China ($23.4B), United States ($10.9B), and India ($9.14B).

Difference in imports from South Africa (Flag) and Bulgaria (Flag) (2022)

Comparative Advantage Bulgaria - South Africa

Flow
Scale

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

During 2022, Bulgaria had a large net trade with South Africa in the exports of Animal and Vegetable Bi-Products ($176M), Machines ($24.8M), and Chemical Products ($17.5M).

During 2017, South Africa had a large net trade with Bulgaria in the exports of Mineral Products ($52.6M), Textiles ($20.4M), and Foodstuffs ($17.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria South Africa+$3.02MPackaged Medicaments
Top Product Potential South Africa Bulgaria+$11.9MCoal Briquettes

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Bulgaria (Flag) and South Africa (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with