Rwanda (RWA) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Rwanda-Bulgaria Trade: In 2022, Rwanda exported $7.78k to Bulgaria. The main products that Rwanda exported to Bulgaria were Tea ($4.38k), Navigation Equipment ($3.33k), and Soybeans ($60). Over the past 5 years the exports of Rwanda to Bulgaria have decreased at an annualized rate of 25.5%, from $33.8k in 2017 to $7.78k in 2022.

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

Bulgaria-Rwanda Trade: In 2022, Bulgaria exported $7.61M to Rwanda. The main products that Bulgaria exported to Rwanda were Computers ($4.26M), Broadcasting Equipment ($1.26M), and Telephones ($1.21M). Over the past 5 years the exports of Bulgaria to Rwanda have increased at an annualized rate of 27.8%, from $2.23M in 2017 to $7.61M in 2022.

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

Comparison: In 2022, Rwanda ranked 89 in the Economic Complexity Index (ECI -0.53), and 147 in total exports ($1.77B). 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, Rwanda exported $7.78k to Bulgaria. The main products exported from Rwanda to Bulgaria were Tea ($4.38k), Navigation Equipment ($3.33k), and Soybeans ($60). During the last 5 years the exports of Rwanda to Bulgaria have decreased at an annualized rate of 25.5%, from $33.8k in 2017 to $7.78k in 2022.

In 2017, Bulgaria exported $7.61M to Rwanda. The main products exported from Bulgaria to Rwanda were Computers ($4.26M), Broadcasting Equipment ($1.26M), and Telephones ($1.21M). During the last 5 years the exports of Bulgaria to Rwanda have increased at an annualized rate of 27.8%, from $2.23M in 2022 to $7.61M in 2017.

Exports from Rwanda () to Bulgaria () (2022)

Exports from Bulgaria () to Rwanda () (2022)

Latest Data

Trade between Rwanda () and Bulgaria ()

Rwanda Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Rwanda
Top DestinationUnited Arab Emirates$568M

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Rwanda than Bulgaria included Democratic Republic of the Congo ($450M), United Arab Emirates ($568M), and Ethiopia ($55.2M).

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

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

Comparative Advantage Rwanda - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Rwanda had a large net trade with Bulgaria in the exports of Vegetable Products ($4.44k) and Machines ($3.33k).

During 2017, Bulgaria had a large net trade with Rwanda in the exports of Machines ($7.22M), Chemical Products ($298k), and Stone And Glass ($32k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Rwanda Bulgaria+$4.76kNavigation Equipment

Top Product Potential Bulgaria Rwanda+$362kTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Rwanda () to Bulgaria () (2022)

Exports from Bulgaria () to Rwanda () (2022)

Latest Data

Trade between Rwanda () and Bulgaria ()

Rwanda Exports

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Rwanda - Bulgaria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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