2023
Flag  
GDP
$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH
83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP
$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH
17%CURRENT US$
Rnk 148 / 195
2023
Flag
GDP PC 
$15,886CURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP PC GROWTH
107%CURRENT US$
Rnk 6 / 195
2023
Flag
GDP PC
$14,187CURRENT US$
Rnk 73 / 196
2013-2023
Flag
GDP PC GROWTH
9.44%CURRENT US$
Rnk 135 / 195

About

Bulgaria-Argentina Trade: In 2023, Bulgaria exported $18.5M to Argentina. The main products that Bulgaria exported to Argentina were Low-voltage Protection Equipment ($2.6M), Electrical Control Boards ($1.67M), and Sulfuric Acid ($980k). Over the past 5 years the exports of Bulgaria to Argentina have decreased at an annualized rate of 1.54%, from $20M in 2018 to $18.5M in 2023.

In 2020, Bulgaria exported services to Argentina worth $1.71M, with Travel ($571k), Other business services ($457k), and Computer and information services ($343k) being the largest in terms of value.

Argentina-Bulgaria Trade: In 2023, Argentina exported $20.6M to Bulgaria. The main products that Argentina exported to Bulgaria were Ground Nuts ($5.99M), Soil Preparation Machinery ($5.16M), and Fish Fillets ($2.27M). Over the past 5 years the exports of Argentina to Bulgaria have decreased at an annualized rate of 10.8%,  from $72M in 2018 to $20.6M in 2023.

In 2023, Argentina 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, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $18.5M to Argentina. The main products exported from Bulgaria to Argentina were Low-voltage Protection Equipment ($2.6M), Electrical Control Boards ($1.67M), and Sulfuric Acid ($980k). During the last 5 years the exports of Bulgaria to Argentina have decreased at an annualized rate of 1.54%, from $20M in 2018 to $18.5M in 2023.

In 2018, Argentina exported $20.6M to Bulgaria. The main products exported from Argentina to Bulgaria were Ground Nuts ($5.99M), Soil Preparation Machinery ($5.16M), and Fish Fillets ($2.27M). During the last 5 years the exports of Argentina to Bulgaria have decreased at an annualized rate of 10.8%, from $72M in 2023 to $20.6M in 2018.

Exports from Bulgaria (Flag) to Argentina (Flag) (2023)

Exports from Argentina (Flag) to Bulgaria (Flag) (2023)

Latest Data

Trade between Bulgaria (Flag) and Argentina (Flag)

Bulgaria Exports

Argentina Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.84B
Argentina
Top Destination
Brazil$12.1B

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

In 2023, countries that imported more from Bulgaria than Argentina included Germany ($6.84B), Romania ($5.63B), and Italy ($4.06B).

In 2023, countries that imported more from Argentina than Bulgaria included Brazil ($12.1B), Chile ($5.57B), and United States ($6.27B).

Difference in imports from Argentina (Flag) and Bulgaria (Flag) (2023)

Comparative Advantage Bulgaria - Argentina

Flow
Scale

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

During 2023, Bulgaria had a large net trade with Argentina in the exports of Machines ($8.68M), Instruments ($2.66M), and Chemical Products ($2.41M).

During 2018, Argentina had a large net trade with Bulgaria in the exports of Vegetable Products ($9.3M), Machines ($6.15M), and Animal Products ($2.52M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Argentina+$1.88MNitrogenous Fertilizers
Top Product Potential Argentina Bulgaria+$1.09MCorn

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

Product Space of Bulgaria (Flag) and Argentina (Flag) (2023)

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