Czechia (CZE) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Czechia-Bulgaria Trade: In 2022, Czechia exported $1.35B to Bulgaria. The main products that Czechia exported to Bulgaria were Other Electrical Machinery ($151M), Broadcasting Equipment ($102M), and Cars ($88.7M). Over the past 5 years the exports of Czechia to Bulgaria have increased at an annualized rate of 9.37%, from $863M in 2017 to $1.35B in 2022.

In 2019, Czechia exported services to Bulgaria worth $142M, with Transportation ($54.6M), Other business services ($27.5M), and Travel ($24.9M) being the largest in terms of value.

Bulgaria-Czechia Trade: In 2022, Bulgaria exported $1.07B to Czechia. The main products that Bulgaria exported to Czechia were Spring, Air, and Gas Guns ($248M), Insulated Wire ($115M), and Electrical Power Accessories ($63.2M). Over the past 5 years the exports of Bulgaria to Czechia have increased at an annualized rate of 8.73%, from $707M in 2017 to $1.07B in 2022.

In 2020, Bulgaria exported services to Czechia worth $87.5M, with Transportation ($32.3M), Travel ($29.4M), and Other business services ($11.9M) being the largest in terms of value.

Comparison: In 2022, Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B). 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, Czechia exported $1.35B to Bulgaria. The main products exported from Czechia to Bulgaria were Other Electrical Machinery ($151M), Broadcasting Equipment ($102M), and Cars ($88.7M). During the last 5 years the exports of Czechia to Bulgaria have increased at an annualized rate of 9.37%, from $863M in 2017 to $1.35B in 2022.

In 2017, Bulgaria exported $1.07B to Czechia. The main products exported from Bulgaria to Czechia were Spring, Air, and Gas Guns ($248M), Insulated Wire ($115M), and Electrical Power Accessories ($63.2M). During the last 5 years the exports of Bulgaria to Czechia have increased at an annualized rate of 8.73%, from $707M in 2022 to $1.07B in 2017.

Exports from Czechia () to Bulgaria () (2022)

Exports from Bulgaria () to Czechia () (2022)

Latest Data

Trade between Czechia () and Bulgaria ()

Czechia Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Czechia
Top DestinationGermany$75.3B

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Czechia than Bulgaria included Germany ($75.3B), Slovakia ($19.7B), and Poland ($16.2B).

In 2022, countries that imported more from Bulgaria than Czechia included Romania ($6.55B), Greece ($2.93B), and North Macedonia ($780M).

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

Comparative Advantage Czechia - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Czechia had a large net trade with Bulgaria in the exports of Machines ($621M), Transportation ($158M), and Metals ($80.8M).

During 2017, Bulgaria had a large net trade with Czechia in the exports of Machines ($295M), Weapons ($248M), and Metals ($149M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Czechia Bulgaria+$36.9MCars

Top Product Potential Bulgaria Czechia+$14.9MPackaged 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

Bgr Year

Cze Year

In 2019, Czechia exported services to Bulgaria worth $142M, with Transportation ($54.6M), Other business services ($27.5M), and Travel ($24.9M) being the largest in terms of value.

In 2020, Bulgaria exported services to Czechia worth $87.5M, with Transportation ($32.3M), Travel ($29.4M), and Other business services ($11.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Czechia () to Bulgaria () (2019)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Czechia () to Bulgaria () (2022)

Exports from Bulgaria () to Czechia () (2022)

Latest Data

Trade between Czechia () and Bulgaria ()

Czechia Exports

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Czechia - Bulgaria

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Czechia () to Bulgaria () (2019)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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