Flag Portugal / Bulgaria Flag

2021
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Exports
: $165M, Rnk 46 / 210

2021
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Top Product
: $36M, Copper Ore

2021
FlagFlag
Exports
: $181M, Rnk 33 / 198

2021
FlagFlag
Top Product
: $29.1M, Wheat

2021
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Economic Complexity (ECI)
: ECI 0.56, Rnk 43 / 131

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

2021
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GDP
: $250B, CURRENT US$
Rnk 47 / 182

2011-2021
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GDP GROWTH
: 1.95%, CURRENT US$
Rnk 145 / 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 
: $24,262, CURRENT US$
Rnk 37 / 182

2011-2021
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GDP PC GROWTH
: 4.5%, CURRENT US$
Rnk 115 / 182

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

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

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).

Historical Data

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Bilateral Trade by Products

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Depth
Value

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

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

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).

Bilateral Service Trade

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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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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.