Somalia (SOM) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Somalia-Bulgaria Trade: In 2022, Somalia exported $18.5M to Bulgaria. The main products that Somalia exported to Bulgaria were Insect Resins ($17.7M) and Other Oily Seeds ($820k). Over the past 5 years the exports of Somalia to Bulgaria have increased at an annualized rate of 18.9%, from $7.81M in 2017 to $18.5M in 2022.

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

Bulgaria-Somalia Trade: In 2022, Bulgaria exported $279k to Somalia. The main products that Bulgaria exported to Somalia were Used Clothing ($235k), Computers ($29.7k), and Excavation Machinery ($13.8k). Over the past 5 years the exports of Bulgaria to Somalia have increased at an annualized rate of 29.8%, from $75.7k in 2017 to $279k in 2022.

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

Comparison In 2022, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index. 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, Somalia exported $18.5M to Bulgaria. The main products exported from Somalia to Bulgaria were Insect Resins ($17.7M) and Other Oily Seeds ($820k). During the last 5 years the exports of Somalia to Bulgaria have increased at an annualized rate of 18.9%, from $7.81M in 2017 to $18.5M in 2022.

In 2017, Bulgaria exported $279k to Somalia. The main products exported from Bulgaria to Somalia were Used Clothing ($235k), Computers ($29.7k), and Excavation Machinery ($13.8k). During the last 5 years the exports of Bulgaria to Somalia have increased at an annualized rate of 29.8%, from $75.7k in 2022 to $279k in 2017.

Exports from Somalia () to Bulgaria () (2022)

Exports from Bulgaria () to Somalia () (2022)

Latest Data

Trade between Somalia () and Bulgaria ()

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Somalia than Bulgaria included Oman ($173M) and United Arab Emirates ($283M).

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

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

Comparative Advantage Somalia - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Somalia had a large net trade with Bulgaria in the exports of Vegetable Products ($18.5M).

During 2017, Bulgaria had a large net trade with Somalia in the exports of Textiles ($235k) and Machines ($43.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Somalia Bulgaria+$2.8kGold

Top Product Potential Bulgaria Somalia+$77.2kComputers

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

About

Historical Data

Bilateral Trade by Products

Exports from Somalia () to Bulgaria () (2022)

Exports from Bulgaria () to Somalia () (2022)

Latest Data

Trade between Somalia () and Bulgaria ()

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Somalia - Bulgaria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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