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2022
Flag → Flag
Exports $117MRnk 66 / 214
2022
Flag → Flag
Top Product $30.2MCopper Ore
2022
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Exports $264MRnk 32 / 206
2022
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Top Product $176MSeed Oils
2022
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Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
2022
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Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
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GDP$406BCURRENT US$
Rnk 37 / 186
2012-2022
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GDP GROWTH-6.57%CURRENT US$
Rnk 171 / 186
2022
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 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
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GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
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GDP PC $6,776CURRENT US$
Rnk 95 / 186
2012-2022
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GDP PC GROWTH-17.1%CURRENT US$
Rnk 167 / 186
2022
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GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
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GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

South Africa-Bulgaria Trade: In 2022, South Africa exported $117M to Bulgaria. The main products that South Africa exported to Bulgaria were Copper Ore ($30.2M), Coal Briquettes ($22M), and Raw Sugar ($16.5M). Over the past 5 years the exports of South Africa to Bulgaria have increased at an annualized rate of 24.1%, from $39.7M in 2017 to $117M in 2022.

In 2022, South Africa did not export any services to Bulgaria.

Bulgaria-South Africa Trade: In 2022, Bulgaria exported $264M to South Africa. The main products that Bulgaria exported to South Africa were Seed Oils ($176M), Kraft Paper ($15.7M), and Carbonates ($10.2M). Over the past 5 years the exports of Bulgaria to South Africa have increased at an annualized rate of 23.8%,  from $90.8M in 2017 to $264M in 2022.

In 2020, Bulgaria exported services to South Africa worth $7.65M, with Computer and information services ($4.34M), Other business services ($1.48M), and Transportation ($1.14M) being the largest in terms of value.

Comparison: In 2022,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Latest Trends

August, 2024

About

Overview In August 2024, South Africa exported ZAR18.6M and imported ZAR118M from Bulgaria, resulting in a negative trade balance of ZAR99.6M. Between August 2023 and August 2024 the exports of South Africa have decreased by ZAR-335M (-94.8%) from ZAR354M to ZAR18.6M, while imports decreased by ZAR-340M (-74.2%) from ZAR458M to ZAR118M.

Trade In August 2024, the top exports of South Africa to Bulgaria were Prepared Wool or Animal Hair (ZAR29M), Wool (ZAR8.21M), Animal or Vegetable Fertilizers (ZAR1.67M), Organo-Sulfur Compounds (ZAR878k), and Clays (ZAR282k). In August 2024 the top imports of South Africa from Bulgaria were Kraft Paper (ZAR23.1M), Carbonates (ZAR15.5M), Plastic Lids (ZAR13M), Computers (ZAR11.1M), and Packaged Medicaments (ZAR6.22M).

Origins In August 2024 the exports of South Africa were mainly from Cape Town Int Airport (ZAR9.63M), Port Elizabeth (ZAR6.37M), Cape Town (ZAR1.15M), Durban (ZAR1.15M), and O.R. Tambo Int Airport (ZAR268k), while imports destinations were mainly Durban (ZAR43.8M), Port Elizabeth (ZAR27.7M), O.R. Tambo Int Airport (ZAR20.6M), East London (ZAR11.2M), and Cape Town (ZAR6.75M).

Growth In August 2024, the decrease in South Africa's year-by-year exports to Bulgaria was explained primarily by an decrease in product exports in Wool (ZAR-20.2M or -71.1%), Imitation Jewellery (ZAR-9.57k or -50%), and Plastic Lids (ZAR-7.86k or -99.8%). In August 2024, the decrease in South Africa's year-by-year imports  from Bulgaria was explained primarily by an decrease in product imports  in Electrical Control Boards (ZAR-8.97M or -94.6%), Electric Batteries (ZAR-7.39M or -80.5%), and Raw Plastic Sheeting (ZAR-5.6M or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)ZAR-335M(-94.8%)
IMPORT GROWTH (August 2023 - August 2024)ZAR-340M(-74.2%)
MAIN EXPORTER (August 2024)Cape Town Int AirportZAR9.63M

This section shows exports and imports data at subnational level for South Africa. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of South Africa over time.

To check Bulgaria and South Africa trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bulgaria and South Africa Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Africa exported $117M to Bulgaria. The main products exported from South Africa to Bulgaria were Copper Ore ($30.2M), Coal Briquettes ($22M), and Raw Sugar ($16.5M). During the last 5 years the exports of South Africa to Bulgaria have increased at an annualized rate of 24.1%, from $39.7M in 2017 to $117M in 2022.

In 2017, Bulgaria exported $264M to South Africa. The main products exported from Bulgaria to South Africa were Seed Oils ($176M), Kraft Paper ($15.7M), and Carbonates ($10.2M). During the last 5 years the exports of Bulgaria to South Africa have increased at an annualized rate of 23.8%, from $90.8M in 2022 to $264M in 2017.

Exports from South Africa (Flag) to Bulgaria (Flag) (2022)

Exports from Bulgaria (Flag) to South Africa (Flag) (2022)

Market Competitiveness

Color
South Africa
Top DestinationChina$23.4B
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from South Africa than Bulgaria included China ($23.4B), United States ($10.9B), and India ($9.14B).

In 2022, countries that imported more from Bulgaria than South Africa included Romania ($6.55B), Greece ($2.93B), and Turkey ($2.95B).

Difference in imports from Bulgaria (Flag) and South Africa (Flag) (2022)

Comparative Advantage South Africa - Bulgaria

Flow
Scale

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

During 2022, South Africa had a large net trade with Bulgaria in the exports of Mineral Products ($52.6M), Textiles ($20.4M), and Foodstuffs ($17.5M).

During 2017, Bulgaria had a large net trade with South Africa in the exports of Animal and Vegetable Bi-Products ($176M), Machines ($24.8M), and Chemical Products ($17.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Bulgaria+$11.9MCoal Briquettes
Top Product Potential Bulgaria South Africa+$3.02MPackaged Medicaments

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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Bilateral Service Trade

In 2020, Bulgaria exported services to South Africa worth $7.65M, with Computer and information services ($4.34M), Other business services ($1.48M), and Transportation ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to South Africa (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of South Africa (Flag) and Bulgaria (Flag) (2022)

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