2023
Flag  
GDP
$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH
83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP
$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH
-12.1%CURRENT US$
Rnk 184 / 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
$10,295CURRENT US$
Rnk 89 / 196
2013-2023
Flag
GDP PC GROWTH
-17.4%CURRENT US$
Rnk 175 / 195

About

Bulgaria-Brazil Trade: In 2023, Bulgaria exported $88.7M to Brazil. The main products that Bulgaria exported to Brazil were Medical Instruments ($11.1M), Electrical Control Boards ($6.68M), and Animal Food ($6.24M). Over the past 5 years the exports of Bulgaria to Brazil have increased at an annualized rate of 7.88%, from $60.7M in 2018 to $88.7M in 2023.

In 2020, Bulgaria exported services to Brazil worth $6.62M, with Transportation ($2.51M), Travel ($1.37M), and Computer and information services ($1.14M) being the largest in terms of value.

Brazil-Bulgaria Trade: In 2023, Brazil exported $428M to Bulgaria. The main products that Brazil exported to Bulgaria were Copper Ore ($376M), Coffee ($20M), and Raw Tobacco ($8.88M). Over the past 5 years the exports of Brazil to Bulgaria have increased at an annualized rate of 51.7%,  from $53.2M in 2018 to $428M in 2023.

In 2023, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $88.7M to Brazil. The main products exported from Bulgaria to Brazil were Medical Instruments ($11.1M), Electrical Control Boards ($6.68M), and Animal Food ($6.24M). During the last 5 years the exports of Bulgaria to Brazil have increased at an annualized rate of 7.88%, from $60.7M in 2018 to $88.7M in 2023.

In 2018, Brazil exported $428M to Bulgaria. The main products exported from Brazil to Bulgaria were Copper Ore ($376M), Coffee ($20M), and Raw Tobacco ($8.88M). During the last 5 years the exports of Brazil to Bulgaria have increased at an annualized rate of 51.7%, from $53.2M in 2023 to $428M in 2018.

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

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

Latest Data

Trade between Bulgaria (Flag) and Brazil (Flag)

Bulgaria Exports

Brazil Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.84B
Brazil
Top Destination
China$106B

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

In 2023, countries that imported more from Bulgaria than Brazil included Romania ($5.63B), Greece ($3.04B), and Czechia ($1.19B).

In 2023, countries that imported more from Brazil than Bulgaria included China ($106B), United States ($37B), and Argentina ($17.2B).

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

Comparative Advantage Bulgaria - Brazil

Flow
Scale

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

During 2023, Bulgaria had a large net trade with Brazil in the exports of Machines ($36.1M), Instruments ($15.1M), and Chemical Products ($9.52M).

During 2018, Brazil had a large net trade with Bulgaria in the exports of Mineral Products ($376M), Vegetable Products ($21.6M), and Foodstuffs ($15.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Brazil+$6.23MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Brazil Bulgaria+$10.5MRaw Sugar

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

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

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