Bangladesh (BGD) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

About

Bangladesh-Bulgaria Trade: In 2022, Bangladesh exported $3.73M to Bulgaria. The main products that Bangladesh exported to Bulgaria were House Linens ($1.48M), Knit T-shirts ($441k), and Knit Women's Suits ($395k). Over the past 5 years the exports of Bangladesh to Bulgaria have increased at an annualized rate of 2.27%, from $3.34M in 2017 to $3.73M in 2022.

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

Bulgaria-Bangladesh Trade: In 2022, Bulgaria exported $135M to Bangladesh. The main products that Bulgaria exported to Bangladesh were Phosphatic Fertilizers ($65.6M), Wheat ($57.6M), and Carbonates ($4.55M). Over the past 5 years the exports of Bulgaria to Bangladesh have increased at an annualized rate of 21.2%, from $16.3M in 2017 to $135M in 2022.

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

Comparison: In 2022, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). 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, Bangladesh exported $3.73M to Bulgaria. The main products exported from Bangladesh to Bulgaria were House Linens ($1.48M), Knit T-shirts ($441k), and Knit Women's Suits ($395k). During the last 5 years the exports of Bangladesh to Bulgaria have increased at an annualized rate of 2.27%, from $3.34M in 2017 to $3.73M in 2022.

In 2017, Bulgaria exported $135M to Bangladesh. The main products exported from Bulgaria to Bangladesh were Phosphatic Fertilizers ($65.6M), Wheat ($57.6M), and Carbonates ($4.55M). During the last 5 years the exports of Bulgaria to Bangladesh have increased at an annualized rate of 21.2%, from $16.3M in 2022 to $135M in 2017.

Exports from Bangladesh () to Bulgaria () (2022)

Exports from Bulgaria () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Bulgaria ()

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Bangladesh than Bulgaria included United States ($11.7B), United Kingdom ($4.86B), and Germany ($10.2B).

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

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

Comparative Advantage Bangladesh - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bangladesh had a large net trade with Bulgaria in the exports of Textiles ($3.56M), Foodstuffs ($127k), and Plastics and Rubbers ($39.9k).

During 2017, Bulgaria had a large net trade with Bangladesh in the exports of Chemical Products ($72.9M), Vegetable Products ($57.7M), and Textiles ($2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Bulgaria+$1.61MKnit T-shirts

Top Product Potential Bulgaria Bangladesh+$3.99MWheat

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Bulgaria () (2022)

Exports from Bulgaria () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Bulgaria ()

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Bulgaria

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring