Costa Rica (CRI) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Costa Rica-Bulgaria Trade: In 2022, Costa Rica exported $474k to Bulgaria. The main products that Costa Rica exported to Bulgaria were Raw Sugar ($220k), Coffee ($76.3k), and Chemical Analysis Instruments ($38.8k). Over the past 5 years the exports of Costa Rica to Bulgaria have increased at an annualized rate of 3.28%, from $403k in 2017 to $474k in 2022.

In 2022, Costa Rica did not export any services to Bulgaria.

Bulgaria-Costa Rica Trade: In 2022, Bulgaria exported $3.71M to Costa Rica. The main products that Bulgaria exported to Costa Rica were Medical Instruments ($890k), Therapeutic Appliances ($264k), and Baked Goods ($249k). Over the past 5 years the exports of Bulgaria to Costa Rica have increased at an annualized rate of 0.17%, from $3.67M in 2017 to $3.71M in 2022.

In 2022, Bulgaria did not export any services to Costa Rica.

Comparison: In 2022, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $474k to Bulgaria. The main products exported from Costa Rica to Bulgaria were Raw Sugar ($220k), Coffee ($76.3k), and Chemical Analysis Instruments ($38.8k). During the last 5 years the exports of Costa Rica to Bulgaria have increased at an annualized rate of 3.28%, from $403k in 2017 to $474k in 2022.

In 2017, Bulgaria exported $3.71M to Costa Rica. The main products exported from Bulgaria to Costa Rica were Medical Instruments ($890k), Therapeutic Appliances ($264k), and Baked Goods ($249k). During the last 5 years the exports of Bulgaria to Costa Rica have increased at an annualized rate of 0.17%, from $3.67M in 2022 to $3.71M in 2017.

Exports from Costa Rica () to Bulgaria () (2022)

Exports from Bulgaria () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Bulgaria ()

Costa Rica Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Costa Rica than Bulgaria included United States ($6.83B), Guatemala ($821M), and Nicaragua ($593M).

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

Difference in imports from Bulgaria () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Bulgaria in the exports of Foodstuffs ($234k), Vegetable Products ($148k), and Instruments ($42.1k).

During 2017, Bulgaria had a large net trade with Costa Rica in the exports of Instruments ($1.51M), Machines ($504k), and Chemical Products ($462k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Bulgaria+$269kRaw Sugar

Top Product Potential Bulgaria Costa Rica+$806kMedical Instruments

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

About

Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Bulgaria () (2022)

Exports from Bulgaria () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Bulgaria ()

Costa Rica Exports

Bulgaria Exports

Market Competitiveness

Difference in imports from Bulgaria () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Bulgaria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Bulgaria () (2022)

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