2022
Flag  
GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC 
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186

About

Canada-Bulgaria Trade: In 2022, Canada exported $103M to Bulgaria. The main products that Canada exported to Bulgaria were Copper Ore ($33.6M), Precipitated Copper ($30.6M), and Cars ($5.58M). Over the past 5 years the exports of Canada to Bulgaria have decreased at an annualized rate of 18%, from $279M in 2017 to $103M in 2022.

In 2020, Canada exported services to Bulgaria worth $1.49M, with Computer and information services ($746k) and Royalties and license fees ($746k) being the largest in terms of value.

Bulgaria-Canada Trade: In 2022, Bulgaria exported $156M to Canada. The main products that Bulgaria exported to Canada were Sunflower Seeds ($24.8M), Copper Plating ($10.9M), and Medical Instruments ($10.1M). Over the past 5 years the exports of Bulgaria to Canada have increased at an annualized rate of 11.6%,  from $90.3M in 2017 to $156M in 2022.

In 2020, Bulgaria exported services to Canada worth $41.2M, with Computer and information services ($17.7M), Transportation ($12.7M), and Other business services ($4.45M) being the largest in terms of value.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $103M to Bulgaria. The main products exported from Canada to Bulgaria were Copper Ore ($33.6M), Precipitated Copper ($30.6M), and Cars ($5.58M). During the last 5 years the exports of Canada to Bulgaria have decreased at an annualized rate of 18%, from $279M in 2017 to $103M in 2022.

In 2017, Bulgaria exported $156M to Canada. The main products exported from Bulgaria to Canada were Sunflower Seeds ($24.8M), Copper Plating ($10.9M), and Medical Instruments ($10.1M). During the last 5 years the exports of Bulgaria to Canada have increased at an annualized rate of 11.6%, from $90.3M in 2022 to $156M in 2017.

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

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

Market Competitiveness

Color
Canada
Top Destination
United States$438B
Bulgaria
Top Destination
Germany$6.91B

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

In 2022, countries that imported more from Canada than Bulgaria included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Bulgaria than Canada included Romania ($6.55B), Greece ($2.93B), and Germany ($6.91B).

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

Comparative Advantage Canada - Bulgaria

Flow
Scale

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

During 2022, Canada had a large net trade with Bulgaria in the exports of Mineral Products ($33.6M), Metals ($31.1M), and Machines ($10.2M).

During 2017, Bulgaria had a large net trade with Canada in the exports of Machines ($34.5M), Vegetable Products ($28.9M), and Textiles ($21.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Bulgaria+$9.51MCopper Ore
Top Product Potential Bulgaria Canada+$10.9MPackaged 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, Canada exported services to Bulgaria worth $1.49M, with Computer and information services ($746k) and Royalties and license fees ($746k) being the largest in terms of value.

In 2020, Bulgaria exported services to Canada worth $41.2M, with Computer and information services ($17.7M), Transportation ($12.7M), and Other business services ($4.45M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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