2023
Flag  
GDP
$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH
83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP
$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH
16%CURRENT US$
Rnk 150 / 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
$53,431CURRENT US$
Rnk 22 / 196
2013-2023
Flag
GDP PC GROWTH
1.51%CURRENT US$
Rnk 152 / 195

About

Bulgaria-Canada Trade: In 2023, Bulgaria exported $221M to Canada. The main products that Bulgaria exported to Canada were Raw Iron Bars ($50.1M), Sunflower Seeds ($15.8M), and Other Engines ($8.37M). Over the past 5 years the exports of Bulgaria to Canada have increased at an annualized rate of 9.35%, from $141M in 2018 to $221M in 2023.

In 2020, Bulgaria exported services to Canada worth $41.2M, with Computer and information services ($17.7M), Transportation ($12.7M), and Other business services ($4.45M) being the largest in terms of value.

Canada-Bulgaria Trade: In 2023, Canada exported $141M to Bulgaria. The main products that Canada exported to Bulgaria were Planes, Helicopters, and/or Spacecraft ($81.7M), Precipitated Copper ($21.6M), and Cars ($4.6M). Over the past 5 years the exports of Canada to Bulgaria have increased at an annualized rate of 11.2%,  from $83.3M in 2018 to $141M in 2023.

In 2020, Canada exported services to Bulgaria worth $1.49M, with Computer and information services ($746k) and Royalties and license fees ($746k) being the largest in terms of value.

Comparison: In 2023,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $221M to Canada. The main products exported from Bulgaria to Canada were Raw Iron Bars ($50.1M), Sunflower Seeds ($15.8M), and Other Engines ($8.37M). During the last 5 years the exports of Bulgaria to Canada have increased at an annualized rate of 9.35%, from $141M in 2018 to $221M in 2023.

In 2018, Canada exported $141M to Bulgaria. The main products exported from Canada to Bulgaria were Planes, Helicopters, and/or Spacecraft ($81.7M), Precipitated Copper ($21.6M), and Cars ($4.6M). During the last 5 years the exports of Canada to Bulgaria have increased at an annualized rate of 11.2%, from $83.3M in 2023 to $141M in 2018.

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

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

Latest Data

Trade between Bulgaria (Flag) and Canada (Flag)

Bulgaria Exports

Canada Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.84B
Canada
Top Destination
United States$410B

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

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

In 2023, countries that imported more from Canada than Bulgaria included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

Comparative Advantage Bulgaria - Canada

Flow
Scale

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

During 2023, Bulgaria had a large net trade with Canada in the exports of Metals ($61.9M), Machines ($40.3M), and Textiles ($28.7M).

During 2018, Canada had a large net trade with Bulgaria in the exports of Transportation ($87M), Metals ($23.2M), and Machines ($8.23M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Canada+$10.9MPackaged Medicaments
Top Product Potential Canada Bulgaria+$9.51MCopper Ore

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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Bilateral Service Trade

In 2020, Bulgaria exported services to Canada worth $41.2M, with Computer and information services ($17.7M), Transportation ($12.7M), and Other business services ($4.45M) being the largest in terms of value.

In 2020, Canada exported services to Bulgaria worth $1.49M, with Computer and information services ($746k) and Royalties and license fees ($746k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to Canada (Flag) (2020)

Services Exports from Canada (Flag) to Bulgaria (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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