2022
Flag  
GDP
$17.4BCURRENT US$
Rnk 124 / 186
2012-2022
Flag
GDP GROWTH
56.2%CURRENT US$
Rnk 48 / 186
2022
Flag
 GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC 
$1,303CURRENT US$
Rnk 161 / 186
2012-2022
Flag
GDP PC GROWTH
17.1%CURRENT US$
Rnk 95 / 186
2022
Flag
GDP PC
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186

About

Benin-Bulgaria Trade: In 2022, Benin exported $1.13M to Bulgaria. The main products that Benin exported to Bulgaria were Raw Cotton ($1.13M), Other Oily Seeds ($216), and Other Pure Vegetable Oils ($123). Over the past 9 years the exports of Benin to Bulgaria have increased at an annualized rate of 11.2%, from $432k in 2013 to $1.13M in 2022.

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

Bulgaria-Benin Trade: In 2022, Bulgaria exported $1.93M to Benin. The main products that Bulgaria exported to Benin were Used Clothing ($1.14M), Calculators ($187k), and Special Pharmaceuticals ($182k). Over the past 9 years the exports of Bulgaria to Benin have increased at an annualized rate of 3.33%,  from $1.64M in 2013 to $1.93M in 2022.

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

Comparison: In 2022,  Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). 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
Value

In 2022, Benin exported $1.13M to Bulgaria. The main products exported from Benin to Bulgaria were Raw Cotton ($1.13M), Other Oily Seeds ($216), and Other Pure Vegetable Oils ($123). During the last 9 years the exports of Benin to Bulgaria have increased at an annualized rate of 11.2%, from $432k in 2013 to $1.13M in 2022.

In 2017, Bulgaria exported $1.93M to Benin. The main products exported from Bulgaria to Benin were Used Clothing ($1.14M), Calculators ($187k), and Special Pharmaceuticals ($182k). During the last 5 years the exports of Bulgaria to Benin have increased at an annualized rate of 3.33%, from $1.64M in 2022 to $1.93M in 2017.

Exports from Benin (Flag) to Bulgaria (Flag) (2022)

Exports from Bulgaria (Flag) to Benin (Flag) (2022)

Latest Data

Trade between Benin (Flag) and Bulgaria (Flag)

Benin Exports

Bulgaria Exports

Market Competitiveness

Color
Benin
Top Destination
India$448M
Bulgaria
Top Destination
Germany$6.91B

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

In 2022, countries that imported more from Benin than Bulgaria included Bangladesh ($406M), United Arab Emirates ($382M), and India ($448M).

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

Difference in imports from Bulgaria (Flag) and Benin (Flag) (2022)

Comparative Advantage Benin - Bulgaria

Flow
Scale

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

During 2022, Benin had a large net trade with Bulgaria in the exports of Textiles ($1.13M), Vegetable Products ($216), and Animal and Vegetable Bi-Products ($123).

During 2017, Bulgaria had a large net trade with Benin in the exports of Textiles ($1.14M), Machines ($296k), and Foodstuffs ($201k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Benin Bulgaria+$207kRaw Cotton
Top Product Potential Bulgaria Benin+$151kPoultry Meat

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

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

Product Space of Benin (Flag) and Bulgaria (Flag) (2022)

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