Portugal (PRT) and Bulgaria (BGR) Trade | OEC - The Observatory of Economic Complexity

About

Portugal-Bulgaria In 2021, Portugal exported $165M to Bulgaria. The main products that Portugal exported to Bulgaria are Copper Ore ($36M), Insulated Wire ($10.7M), and Other Plastic Products ($7.1M). During the last 26 years the exports of Portugal to Bulgaria have increased at an annualized rate of 12.1%, from $8.56M in 1995 to $165M in 2021.

In 2020, Portugal exported services to Bulgaria worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

Bulgaria-Portugal In 2021, Bulgaria exported $181M to Portugal. The main products that Bulgaria exported to Portugal were Wheat ($29.1M), Rapeseed ($12.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($7.41M). During the last 26 years the exports of Bulgaria to Portugal have increased at an annualized rate of 7.55%, from $27.2M in 1995 to $181M in 2021.

In 2020, Bulgaria exported services to Portugal worth $13.8M, with Transportation ($6.05M), Travel ($4.34M), and Other business services ($1.6M) being the largest in terms of value.

Comparison In 2021, Portugal ranked 43 in the Economic Complexity Index (ECI 0.56), and 46 in total exports ($75.6B). That same year, Bulgaria ranked 40 in the Economic Complexity Index (ECI 0.63), and 59 in total exports ($43.3B).

Latest Trends

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February, 2023

About

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Overview In February 2023, Portugal exported €12.4M and imported €10.1M from Bulgaria, resulting in a positive trade balance of €2.33M. Between February 2022 and February 2023 the exports of Portugal have increased by €3.13M (33.6%) from €9.3M to €12.4M, while imports increased by €1M (11%) from €9.09M to €10.1M.

Trade In February 2023, the top exports of Portugal to Bulgaria were Plastics & articles thereof (€1.59M), Electrical machinery and electronics (€1.23M), Machinery, mechanical appliances, & parts (€520k), Cars, tractors, trucks & parts thereof. (€433k), and Optical, photo, & film equipment; medical... (€422k). In February 2023 the top imports of Portugal from Bulgaria were Electrical machinery and electronics (€1.94M), Machinery, mechanical appliances, & parts (€829k), Miscellaneous metal products (€638k), Aluminum articles (€571k), and Cars, tractors, trucks & parts thereof. (€460k).

Growth In February 2023, the increase in Portugal's year-by-year exports to Bulgaria was explained primarily by an increase in product exports in Plastics & articles thereof (€503k or 46.2%), Optical, photo, & film equipment; medical... (€170k or 67.6%), and Preparations of vegetables, fruit, nuts or... (€151k or 289%). In February 2023, the increase in Portugal's year-by-year imports from Bulgaria was explained primarily by an increase in product imports in Miscellaneous metal products (€626k or 5.58k%), Electrical machinery and electronics (€516k or 36.4%), and Aluminum articles (€402k or 238%).

Latest Trade

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Flow

Time Scale

Value

EXPORT GROWTH (February 2022 - February 2023): €3.13M, (33.6%)

IMPORT GROWTH (February 2022 - February 2023): €1M, (11%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Bulgaria and Portugal trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Portugal exported $165M to Bulgaria. The main products exported from Portugal to Bulgaria were Copper Ore ($36M), Insulated Wire ($10.7M), and Other Plastic Products ($7.1M). During the last 26 years the exports of Portugal to Bulgaria have increased at an annualized rate of 12.1%, from $8.56M in 1995 to $165M in 2021.

In 2021, Bulgaria exported $181M to Portugal. The main products exported from Bulgaria to Portugal were Wheat ($29.1M), Rapeseed ($12.5M), and Motor vehicles; parts and accessories (8701 to 8705) ($7.41M). During the last 26 years the exports of Bulgaria to Portugal have increased at an annualized rate of 7.55%, from $27.2M in 1995 to $181M in 2021.

Market Competitiveness

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Color

SectionYear

Portugal
Top Destination: Spain, $19.3B

Bulgaria
Top Destination: Germany, $6.2B

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

In 2021, countries that imported more from Portugal than Bulgaria were Spain ($19.3B), France ($9.33B), and United Kingdom ($4.08B).

In 2021, countries that imported more from Bulgaria than Portugal were Romania ($4.36B), Greece ($3.55B), and Turkey ($2.57B).

Comparative Advantage Portugal - Bulgaria

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Flow

Scale

Year

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

During 2021, Portugal had a large net trade with Bulgaria in the exports of Machines ($40.9M), Mineral Products ($36.3M), and Chemical Products ($21.5M).

During 2021, Bulgaria had a large net trade with Portugal in the exports of Vegetable Products ($50.8M), Machines ($44.9M), and Metals ($16.6M).

Service Trade

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Bilateral Service Trade

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Bgr YearPrt Year

In 2020, Portugal exported services to Bulgaria worth $11.4M, with Travel ($11.4M) being the largest in terms of value.

In 2020, Bulgaria exported services to Portugal worth $13.8M, with Transportation ($6.05M), Travel ($4.34M), and Other business services ($1.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

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 Portugal has comparative advantage over Bulgaria. Similarly, the more yellow a dot/product is, the more Bulgaria has comparative advantage over Portugal.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Portugal - Bulgaria

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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