Bulgaria (BGR) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

About

Bulgaria-Bolivia Trade: In 2023, Bulgaria exported $2.06M to Bolivia. The main products that Bulgaria exported to Bolivia were Medical Instruments ($433k), Carbonates ($263k), and Low-voltage Protection Equipment ($227k). Over the past 5 years the exports of Bulgaria to Bolivia have decreased at an annualized rate of 6.44%, from $2.88M in 2018 to $2.06M in 2023.

In 2023, Bulgaria did not export any services to Bolivia.

Bolivia-Bulgaria Trade: In 2023, Bolivia exported $745k to Bulgaria. The main products that Bolivia exported to Bulgaria were Silver ($444k), Coconuts, Brazil Nuts, and Cashews ($263k), and Other Oily Seeds ($34.1k). Over the past 5 years the exports of Bolivia to Bulgaria have increased at an annualized rate of 7.36%, from $523k in 2018 to $745k in 2023.

In 2023, Bolivia 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, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $2.06M to Bolivia. The main products exported from Bulgaria to Bolivia were Medical Instruments ($433k), Carbonates ($263k), and Low-voltage Protection Equipment ($227k). During the last 5 years the exports of Bulgaria to Bolivia have decreased at an annualized rate of 6.44%, from $2.88M in 2018 to $2.06M in 2023.

In 2018, Bolivia exported $745k to Bulgaria. The main products exported from Bolivia to Bulgaria were Silver ($444k), Coconuts, Brazil Nuts, and Cashews ($263k), and Other Oily Seeds ($34.1k). During the last 5 years the exports of Bolivia to Bulgaria have increased at an annualized rate of 7.36%, from $523k in 2023 to $745k in 2018.

Exports from Bulgaria () to Bolivia () (2023)

Exports from Bolivia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Bolivia ()

Bulgaria Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Bolivia
Top DestinationBrazil$1.54B

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

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

In 2023, countries that imported more from Bolivia than Bulgaria included Brazil ($1.54B), Argentina ($1.15B), and India ($1.33B).

Difference in imports from Bolivia () and Bulgaria () (2023)

Comparative Advantage Bulgaria - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Bolivia in the exports of Machines ($771k), Instruments ($457k), and Chemical Products ($397k).

During 2018, Bolivia had a large net trade with Bulgaria in the exports of Precious Metals ($444k) and Vegetable Products ($301k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Bolivia+$289kPesticides

Top Product Potential Bolivia Bulgaria+$295kSilver

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

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Bolivia () (2023)

Exports from Bolivia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Bolivia ()

Bulgaria Exports

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Bulgaria () (2023)

Comparative Advantage Bulgaria - Bolivia

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 Bulgaria () and Bolivia () (2023)

Keep Exploring