Vietnam (VNM) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Vietnam-Bulgaria Trade: In 2023, Vietnam exported $160M to Bulgaria. The main products that Vietnam exported to Bulgaria were Bi-Wheel Vehicle Parts ($22.8M), Hot-Rolled Iron ($20.4M), and Polyacetals ($15M). Over the past 5 years the exports of Vietnam to Bulgaria have increased at an annualized rate of 20.7%, from $62.2M in 2018 to $160M in 2023.

In 2023, Vietnam did not export any services to Bulgaria.

Bulgaria-Vietnam Trade: In 2023, Bulgaria exported $58.6M to Vietnam. The main products that Bulgaria exported to Vietnam were Wheat ($14.3M), Packaged Medicaments ($7.47M), and Carbonates ($7.11M). Over the past 5 years the exports of Bulgaria to Vietnam have decreased at an annualized rate of 0.33%, from $59.5M in 2018 to $58.6M in 2023.

In 2023, Bulgaria did not export any services to Vietnam.

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Vietnam exported $160M to Bulgaria. The main products exported from Vietnam to Bulgaria were Bi-Wheel Vehicle Parts ($22.8M), Hot-Rolled Iron ($20.4M), and Polyacetals ($15M). During the last 5 years the exports of Vietnam to Bulgaria have increased at an annualized rate of 20.7%, from $62.2M in 2018 to $160M in 2023.

In 2018, Bulgaria exported $58.6M to Vietnam. The main products exported from Bulgaria to Vietnam were Wheat ($14.3M), Packaged Medicaments ($7.47M), and Carbonates ($7.11M). During the last 5 years the exports of Bulgaria to Vietnam have decreased at an annualized rate of 0.33%, from $59.5M in 2023 to $58.6M in 2018.

Exports from Vietnam () to Bulgaria () (2023)

Exports from Bulgaria () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Bulgaria ()

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Bulgaria
Top DestinationGermany$6.84B

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

In 2023, countries that imported more from Vietnam than Bulgaria included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Bulgaria than Vietnam included Romania ($5.63B), Greece ($3.04B), and Serbia ($1.01B).

Difference in imports from Bulgaria () and Vietnam () (2023)

Comparative Advantage Vietnam - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Bulgaria in the exports of Metals ($35.6M), Plastics and Rubbers ($32.4M), and Vegetable Products ($23.7M).

During 2018, Bulgaria had a large net trade with Vietnam in the exports of Chemical Products ($22.9M), Vegetable Products ($14.4M), and Machines ($8.47M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Bulgaria+$6.79MTextile Footwear

Top Product Potential Bulgaria Vietnam+$13.8MIntegrated Circuits

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

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Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Bulgaria () (2023)

Exports from Bulgaria () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Bulgaria ()

Bulgaria Exports

Market Competitiveness

Difference in imports from Bulgaria () and Vietnam () (2023)

Comparative Advantage Vietnam - Bulgaria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Bulgaria () (2023)

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