Azerbaijan (AZE) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Azerbaijan-Bulgaria Trade: In 2022, Azerbaijan exported $317M to Bulgaria. The main products that Azerbaijan exported to Bulgaria were Petroleum Gas ($263M), Nitrogenous Fertilizers ($50.9M), and Acyclic Alcohols ($1.53M). Over the past 5 years the exports of Azerbaijan to Bulgaria have increased at an annualized rate of 306%, from $289k in 2017 to $317M in 2022.

In 2008, Azerbaijan exported services to Bulgaria worth $140k, with Travel ($140k) being the largest in terms of value.

Bulgaria-Azerbaijan Trade: In 2022, Bulgaria exported $30.7M to Azerbaijan. The main products that Bulgaria exported to Azerbaijan were Packaged Medicaments ($5.13M), Wadding ($2.36M), and Paper Containers ($1.5M). Over the past 5 years the exports of Bulgaria to Azerbaijan have increased at an annualized rate of 2.95%, from $22.3M in 2017 to $30.7M in 2022.

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

Comparison: In 2022, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B). 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, Azerbaijan exported $317M to Bulgaria. The main products exported from Azerbaijan to Bulgaria were Petroleum Gas ($263M), Nitrogenous Fertilizers ($50.9M), and Acyclic Alcohols ($1.53M). During the last 5 years the exports of Azerbaijan to Bulgaria have increased at an annualized rate of 306%, from $289k in 2017 to $317M in 2022.

In 2017, Bulgaria exported $30.7M to Azerbaijan. The main products exported from Bulgaria to Azerbaijan were Packaged Medicaments ($5.13M), Wadding ($2.36M), and Paper Containers ($1.5M). During the last 5 years the exports of Bulgaria to Azerbaijan have increased at an annualized rate of 2.95%, from $22.3M in 2022 to $30.7M in 2017.

Exports from Azerbaijan () to Bulgaria () (2022)

Exports from Bulgaria () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Bulgaria ()

Azerbaijan Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$18.3B

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Azerbaijan than Bulgaria included Italy ($18.3B), Israel ($1.68B), and India ($1.64B).

In 2022, countries that imported more from Bulgaria than Azerbaijan included Germany ($6.91B), Romania ($6.55B), and Poland ($1.65B).

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

Comparative Advantage Azerbaijan - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Azerbaijan had a large net trade with Bulgaria in the exports of Mineral Products ($264M), Chemical Products ($52.7M), and Metals ($816k).

During 2017, Bulgaria had a large net trade with Azerbaijan in the exports of Chemical Products ($8.03M), Machines ($5.58M), and Textiles ($3.49M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Bulgaria+$2.8MCrude Petroleum

Top Product Potential Bulgaria Azerbaijan+$5.54MRefined Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Bulgaria () (2022)

Exports from Bulgaria () to Azerbaijan () (2022)

Latest Data

Trade between Azerbaijan () and Bulgaria ()

Azerbaijan Exports

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Azerbaijan - Bulgaria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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