2022
Flag  
GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC 
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186

About

Bulgaria-Canada Trade: In 2022, Bulgaria exported $156M to Canada. The main products that Bulgaria exported to Canada were Sunflower Seeds ($24.8M), Copper Plating ($10.9M), and Medical Instruments ($10.1M). Over the past 5 years the exports of Bulgaria to Canada have increased at an annualized rate of 11.6%, from $90.3M in 2017 to $156M in 2022.

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 2022, Canada exported $103M to Bulgaria. The main products that Canada exported to Bulgaria were Copper Ore ($33.6M), Precipitated Copper ($30.6M), and Cars ($5.58M). Over the past 5 years the exports of Canada to Bulgaria have decreased at an annualized rate of 18%,  from $279M in 2017 to $103M in 2022.

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 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $156M to Canada. The main products exported from Bulgaria to Canada were Sunflower Seeds ($24.8M), Copper Plating ($10.9M), and Medical Instruments ($10.1M). During the last 5 years the exports of Bulgaria to Canada have increased at an annualized rate of 11.6%, from $90.3M in 2017 to $156M in 2022.

In 2017, Canada exported $103M to Bulgaria. The main products exported from Canada to Bulgaria were Copper Ore ($33.6M), Precipitated Copper ($30.6M), and Cars ($5.58M). During the last 5 years the exports of Canada to Bulgaria have decreased at an annualized rate of 18%, from $279M in 2022 to $103M in 2017.

Exports from Bulgaria (Flag) to Canada (Flag) (2022)

Exports from Canada (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and Canada (Flag)

Bulgaria Exports

Canada Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Canada
Top Destination
United States$438B

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 2022, countries that imported more from Bulgaria than Canada included Romania ($6.55B), Greece ($2.93B), and Germany ($6.91B).

In 2022, countries that imported more from Canada than Bulgaria included United States ($438B), China ($25.4B), and Japan ($14.3B).

Difference in imports from Canada (Flag) and Bulgaria (Flag) (2022)

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 2022, Bulgaria had a large net trade with Canada in the exports of Machines ($34.5M), Vegetable Products ($28.9M), and Textiles ($21.8M).

During 2017, Canada had a large net trade with Bulgaria in the exports of Mineral Products ($33.6M), Metals ($31.1M), and Machines ($10.2M).

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) (2022)

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