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2023
Flag → Flag
Exports $227MRnk 33 / 200
2023
Flag → Flag
Top Product $38.5MCoal Tar Oil
2023
Flag → Flag
Exports $62.6MRnk 123 / 216
2023
Flag → Flag
Top Product $21.2MRaw Aluminium
2023
Flag
Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag  
GDP$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC $15,886CURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP PC GROWTH107%CURRENT US$
Rnk 6 / 195
2023
Flag
GDP PC$49,041CURRENT US$
Rnk 27 / 196
2013-2023
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GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195

About

Bulgaria-United Arab Emirates Trade: In 2023, Bulgaria exported $227M to United Arab Emirates. The main products that Bulgaria exported to United Arab Emirates were Coal Tar Oil ($38.5M), Low-voltage Protection Equipment ($33.6M), and Wheat ($12.5M). Over the past 5 years the exports of Bulgaria to United Arab Emirates have decreased at an annualized rate of 2.41%, from $256M in 2018 to $227M in 2023.

In 2023, Bulgaria did not export any services to United Arab Emirates.

United Arab Emirates-Bulgaria Trade: In 2023, United Arab Emirates exported $62.6M to Bulgaria. The main products that United Arab Emirates exported to Bulgaria were Raw Aluminium ($21.2M), Liquid Dispersing Machines ($9.09M), and Perfumes ($3.42M). Over the past 5 years the exports of United Arab Emirates to Bulgaria have increased at an annualized rate of 4.17%,  from $51.1M in 2018 to $62.6M in 2023.

In 2023, United Arab Emirates did not export any services to Bulgaria.

Comparison: In 2023,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B). That same year, United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $227M to United Arab Emirates. The main products exported from Bulgaria to United Arab Emirates were Coal Tar Oil ($38.5M), Low-voltage Protection Equipment ($33.6M), and Wheat ($12.5M). During the last 5 years the exports of Bulgaria to United Arab Emirates have decreased at an annualized rate of 2.41%, from $256M in 2018 to $227M in 2023.

In 2018, United Arab Emirates exported $62.6M to Bulgaria. The main products exported from United Arab Emirates to Bulgaria were Raw Aluminium ($21.2M), Liquid Dispersing Machines ($9.09M), and Perfumes ($3.42M). During the last 5 years the exports of United Arab Emirates to Bulgaria have increased at an annualized rate of 4.17%, from $51.1M in 2023 to $62.6M in 2018.

Exports from Bulgaria (Flag) to United Arab Emirates (Flag) (2023)

Exports from United Arab Emirates (Flag) to Bulgaria (Flag) (2023)

Latest Data

Trade between Bulgaria (Flag) and United Arab Emirates (Flag)

Bulgaria Exports

United Arab Emirates Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.84B
United Arab Emirates
Top DestinationChina$40.2B

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

In 2023, countries that imported more from Bulgaria than United Arab Emirates included Romania ($5.63B), Greece ($3.04B), and Italy ($4.06B).

In 2023, countries that imported more from United Arab Emirates than Bulgaria included China ($40.2B), India ($38.2B), and Japan ($37.4B).

Difference in imports from United Arab Emirates (Flag) and Bulgaria (Flag) (2023)

Comparative Advantage Bulgaria - United Arab Emirates

Flow
Scale

This chart compares trade between Bulgaria and United Arab Emirates by product, considering products traded by both, Bulgaria and United Arab Emirates.

During 2023, Bulgaria had a large net trade with United Arab Emirates in the exports of Machines ($73.6M), Mineral Products ($39.2M), and Textiles ($21.3M).

During 2018, United Arab Emirates had a large net trade with Bulgaria in the exports of Metals ($28M), Machines ($16.3M), and Chemical Products ($6.17M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria United Arab Emirates+$8.31MTelephones
Top Product Potential United Arab Emirates Bulgaria+$5.88MRaw Aluminium

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

Product Space of Bulgaria (Flag) and United Arab Emirates (Flag) (2023)

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