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2022
Flag → Flag
Exports $16.1MRnk 32 / 79
2022
Flag → Flag
Top Product $9.67MNitrogenous Fertilizers
2022
Flag → Flag
Exports $199MRnk 39 / 206
2022
Flag → Flag
Top Product $135MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 104 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag  
GDP$45.8BCURRENT US$
Rnk 91 / 186
2012-2022
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GDP GROWTH-50.6%CURRENT US$
Rnk 186 / 186
2022
Flag
 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
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GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC $6,716CURRENT US$
Rnk 97 / 186
2012-2022
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GDP PC GROWTH-57.4%CURRENT US$
Rnk 185 / 186
2022
Flag
GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
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GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Libya-Bulgaria Trade: In 2022, Libya exported $16.1M to Bulgaria. The main products that Libya exported to Bulgaria were Nitrogenous Fertilizers ($9.67M), Ammonia ($6.4M), and Electrical Control Boards ($1.07k). Over the past 6 years the exports of Libya to Bulgaria have increased at an annualized rate of 22.7%, from $4.71M in 2016 to $16.1M in 2022.

In 2022, Libya did not export any services to Bulgaria.

Bulgaria-Libya Trade: In 2022, Bulgaria exported $199M to Libya. The main products that Bulgaria exported to Libya were Refined Petroleum ($135M), Rolled Tobacco ($17M), and Corn ($15.2M). Over the past 6 years the exports of Bulgaria to Libya have increased at an annualized rate of 26.4%,  from $61.7M in 2016 to $199M in 2022.

In 2022, Bulgaria did not export any services to Libya.

Comparison: In 2022,  Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B). 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, Libya exported $16.1M to Bulgaria. The main products exported from Libya to Bulgaria were Nitrogenous Fertilizers ($9.67M), Ammonia ($6.4M), and Electrical Control Boards ($1.07k). During the last 6 years the exports of Libya to Bulgaria have increased at an annualized rate of 22.7%, from $4.71M in 2016 to $16.1M in 2022.

In 2017, Bulgaria exported $199M to Libya. The main products exported from Bulgaria to Libya were Refined Petroleum ($135M), Rolled Tobacco ($17M), and Corn ($15.2M). During the last 5 years the exports of Bulgaria to Libya have increased at an annualized rate of 26.4%, from $61.7M in 2022 to $199M in 2017.

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

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

Latest Data

Trade between Libya (Flag) and Bulgaria (Flag)

Bulgaria Exports

Market Competitiveness

Color
Libya
Top DestinationItaly$9.26B
Bulgaria
Top DestinationGermany$6.91B

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 2022, countries that imported more from Libya than Bulgaria included Italy ($9.26B), Spain ($3.48B), and Thailand ($1.67B).

In 2022, countries that imported more from Bulgaria than Libya included Romania ($6.55B), Germany ($6.91B), and Turkey ($2.95B).

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

Comparative Advantage Libya - Bulgaria

Flow
Scale

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

During 2022, Libya had a large net trade with Bulgaria in the exports of Chemical Products ($16.1M), Machines ($1.64k), and Plastics and Rubbers ($1.01k).

During 2017, Bulgaria had a large net trade with Libya in the exports of Mineral Products ($135M), Foodstuffs ($33.5M), and Vegetable Products ($24.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Libya Bulgaria+$463kAmmonia
Top Product Potential Bulgaria Libya+$948kWheat

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

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

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

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