Flag Libya / Bulgaria Flag

2021
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Exports
: $54.9M, Rnk 25 / 82

2021
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Top Product
: $47.5M, Crude Petroleum

2021
FlagFlag
Exports
: $139M, Rnk 40 / 198

2021
FlagFlag
Top Product
: $71.2M, Wheat

2021
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Economic Complexity (ECI)
: ECI -1.18, Rnk 114 / 131

2021
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Economic Complexity (ECI)
: ECI 0.63, Rnk 40 / 131

2021
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GDP
: $41.9B, CURRENT US$
Rnk 87 / 182

2011-2021
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GDP GROWTH
: -13.1%, CURRENT US$
Rnk 166 / 182

2021
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 GDP
: $80.3B, CURRENT US$
Rnk 66 / 182

2011-2021
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GDP GROWTH
: 39.2%, CURRENT US$
Rnk 73 / 182

2021
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GDP PC 
: $6,018, CURRENT US$
Rnk 91 / 182

2011-2021
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GDP PC GROWTH
: -21.9%, CURRENT US$
Rnk 165 / 182

2021
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GDP PC
: $11,635, CURRENT US$
Rnk 62 / 182

2011-2021
Flag
GDP PC GROWTH
: 48.2%, CURRENT US$
Rnk 29 / 182

Libya-Bulgaria In 2021, Libya exported $54.9M to Bulgaria. The main products that Libya exported to Bulgaria are Crude Petroleum ($47.5M), Ammonia ($5.81M), and Acyclic Alcohols ($1.58M). During the last 25 years the exports of Libya to Bulgaria have increased at an annualized rate of 21.5%, from $423k in 1996 to $54.9M in 2021.

In 2021, Libya did not export any services to Bulgaria.

Bulgaria-Libya In 2021, Bulgaria exported $139M to Libya. The main products that Bulgaria exported to Libya were Wheat ($71.2M), Refined Petroleum ($16.4M), and Barley ($13.9M). During the last 25 years the exports of Bulgaria to Libya have increased at an annualized rate of 11.5%, from $9.15M in 1996 to $139M in 2021.

In 2021, Bulgaria did not export any services to Libya.

Comparison In 2021,  Libya ranked 114 in the Economic Complexity Index (ECI -1.18), and 67 in total exports ($30.8B). That same year, Bulgaria ranked 40 in the Economic Complexity Index (ECI 0.63), and 59 in total exports ($43.3B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Libya exported $54.9M to Bulgaria. The main products exported from Libya to Bulgaria were Crude Petroleum ($47.5M), Ammonia ($5.81M), and Acyclic Alcohols ($1.58M). During the last 25 years the exports of Libya to Bulgaria have increased at an annualized rate of 21.5%, from $423k in 1996 to $54.9M in 2021.

In 2021, Bulgaria exported $139M to Libya. The main products exported from Bulgaria to Libya were Wheat ($71.2M), Refined Petroleum ($16.4M), and Barley ($13.9M). During the last 25 years the exports of Bulgaria to Libya have increased at an annualized rate of 11.5%, from $9.15M in 1996 to $139M in 2021.

Bulgaria Exports

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Market Competitiveness

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Color

Libya
Top Destination
: Italy, $7.47B

Bulgaria
Top Destination
: Germany, $6.2B

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

In 2021, countries that imported more from Libya than Bulgaria were Italy ($7.47B), Spain ($3.05B), and China ($2.84B).

In 2021, countries that imported more from Bulgaria than Libya were Romania ($4.36B), Germany ($6.2B), and Turkey ($2.57B).

Comparative Advantage Libya - Bulgaria

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Flow
Scale

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

During 2021, Libya had a large net trade with Bulgaria in the exports of Mineral Products ($47.5M), Chemical Products ($7.39M), and Transportation ($6.35k).

During 2021, Bulgaria had a large net trade with Libya in the exports of Vegetable Products ($94.1M), Foodstuffs ($22.9M), and Mineral Products ($16.4M).

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Libya has comparative advantage over Bulgaria. Similarly, the more yellow a dot/product is, the more Bulgaria has comparative advantage over Libya.