Venezuela (VEN) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Venezuela-Bulgaria Trade: In 2022, Venezuela exported $38.1k to Bulgaria. The main products that Venezuela exported to Bulgaria were Dried Legumes ($37.9k) and Printed Circuit Boards ($200). Over the past 6 years the exports of Venezuela to Bulgaria have decreased at an annualized rate of 22.4%, from $175k in 2016 to $38.1k in 2022.

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

Bulgaria-Venezuela Trade: In 2022, Bulgaria exported $667k to Venezuela. The main products that Bulgaria exported to Venezuela were Shaving Products ($404k), Medical Instruments ($103k), and Raw Plastic Sheeting ($39.7k). Over the past 6 years the exports of Bulgaria to Venezuela have increased at an annualized rate of 8.47%, from $348k in 2016 to $667k in 2022.

In 2020, Bulgaria exported services to Venezuela worth $343k, with Government services, n.i.e. ($114k), Travel ($114k), and Financial services ($114k) being the largest in terms of value.

Comparison: In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). 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, Venezuela exported $38.1k to Bulgaria. The main products exported from Venezuela to Bulgaria were Dried Legumes ($37.9k) and Printed Circuit Boards ($200). During the last 6 years the exports of Venezuela to Bulgaria have decreased at an annualized rate of 22.4%, from $175k in 2016 to $38.1k in 2022.

In 2017, Bulgaria exported $667k to Venezuela. The main products exported from Bulgaria to Venezuela were Shaving Products ($404k), Medical Instruments ($103k), and Raw Plastic Sheeting ($39.7k). During the last 5 years the exports of Bulgaria to Venezuela have increased at an annualized rate of 8.47%, from $348k in 2022 to $667k in 2017.

Exports from Venezuela () to Bulgaria () (2022)

Exports from Bulgaria () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Bulgaria ()

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Venezuela than Bulgaria included Brazil ($361M), Colombia ($99.8M), and Guatemala ($84.5M).

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

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

Comparative Advantage Venezuela - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Bulgaria in the exports of Vegetable Products ($37.9k) and Machines ($200).

During 2017, Bulgaria had a large net trade with Venezuela in the exports of Chemical Products ($407k), Instruments ($106k), and Plastics and Rubbers ($39.7k).

Bilateral Service Trade

Bgr Year

In 2020, Bulgaria exported services to Venezuela worth $343k, with Government services, n.i.e. ($114k), Travel ($114k), and Financial services ($114k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria () to Venezuela () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Venezuela and Bulgaria. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Bulgaria. Similarly, a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Venezuela.

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Bulgaria () (2022)

Exports from Bulgaria () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Bulgaria ()

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Bulgaria

Bilateral Service Trade

Services Exports from Bulgaria () to Venezuela () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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