Peru (PER) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Peru-Bulgaria Trade: In 2022, Peru exported $174M to Bulgaria. The main products that Peru exported to Bulgaria were Copper Ore ($148M), Zinc Ore ($13.7M), and Coal Briquettes ($9.45M). Over the past 5 years the exports of Peru to Bulgaria have decreased at an annualized rate of 10.4%, from $302M in 2017 to $174M in 2022.

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

Bulgaria-Peru Trade: In 2022, Bulgaria exported $20.8M to Peru. The main products that Bulgaria exported to Peru were Video and Card Games ($8.26M), Medical Instruments ($1.61M), and Glass Bottles ($1.08M). Over the past 5 years the exports of Bulgaria to Peru have increased at an annualized rate of 6.58%, from $15.2M in 2017 to $20.8M in 2022.

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

Comparison: In 2022, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). 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, Peru exported $174M to Bulgaria. The main products exported from Peru to Bulgaria were Copper Ore ($148M), Zinc Ore ($13.7M), and Coal Briquettes ($9.45M). During the last 5 years the exports of Peru to Bulgaria have decreased at an annualized rate of 10.4%, from $302M in 2017 to $174M in 2022.

In 2017, Bulgaria exported $20.8M to Peru. The main products exported from Bulgaria to Peru were Video and Card Games ($8.26M), Medical Instruments ($1.61M), and Glass Bottles ($1.08M). During the last 5 years the exports of Bulgaria to Peru have increased at an annualized rate of 6.58%, from $15.2M in 2022 to $20.8M in 2017.

Exports from Peru () to Bulgaria () (2022)

Exports from Bulgaria () to Peru () (2022)

Latest Data

Trade between Peru () and Bulgaria ()

Peru Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Peru than Bulgaria included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

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

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

Comparative Advantage Peru - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Bulgaria in the exports of Mineral Products ($171M), Textiles ($1.05M), and Vegetable Products ($683k).

During 2017, Bulgaria had a large net trade with Peru in the exports of Miscellaneous ($8.38M), Machines ($4.61M), and Instruments ($2.05M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Bulgaria+$3.98MCopper Ore

Top Product Potential Bulgaria Peru+$922kComputers

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Bulgaria () (2022)

Exports from Bulgaria () to Peru () (2022)

Latest Data

Trade between Peru () and Bulgaria ()

Peru Exports

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Peru - Bulgaria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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