2023
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GDP
$102BCURRENT US$
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2013-2023
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GDP GROWTH
83.4%CURRENT US$
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2023
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 GDP
$17.8TCURRENT US$
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2013-2023
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GDP GROWTH
85.9%CURRENT US$
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2023
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GDP PC 
$15,886CURRENT US$
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2013-2023
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GDP PC GROWTH
107%CURRENT US$
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2023
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GDP PC
$12,614CURRENT US$
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2013-2023
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GDP PC GROWTH
79.7%CURRENT US$
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About

Bulgaria-China Trade: In 2023, Bulgaria exported $1.54B to China. The main products that Bulgaria exported to China were Precious Metal Ore ($238M), Corn ($215M), and Other Vegetable Residues ($205M). Over the past 5 years the exports of Bulgaria to China have increased at an annualized rate of 7.41%, from $1.08B in 2018 to $1.54B in 2023.

In 2020, Bulgaria exported services to China worth $18M, with Communications services ($6.17M), Transportation ($4.45M), and Computer and information services ($3.43M) being the largest in terms of value.

China-Bulgaria Trade: In 2023, China exported $2.98B to Bulgaria. The main products that China exported to Bulgaria were Semiconductor Devices ($206M), Electric Batteries ($140M), and Broadcasting Equipment ($107M). Over the past 5 years the exports of China to Bulgaria have increased at an annualized rate of 13.3%,  from $1.59B in 2018 to $2.98B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $1.54B to China. The main products exported from Bulgaria to China were Precious Metal Ore ($238M), Corn ($215M), and Other Vegetable Residues ($205M). During the last 5 years the exports of Bulgaria to China have increased at an annualized rate of 7.41%, from $1.08B in 2018 to $1.54B in 2023.

In 2018, China exported $2.98B to Bulgaria. The main products exported from China to Bulgaria were Semiconductor Devices ($206M), Electric Batteries ($140M), and Broadcasting Equipment ($107M). During the last 5 years the exports of China to Bulgaria have increased at an annualized rate of 13.3%, from $1.59B in 2023 to $2.98B in 2018.

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

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

Latest Data

Trade between Bulgaria (Flag) and China (Flag)

Bulgaria Exports

China Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.84B
China
Top Destination
United States$436B

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

In 2023, countries that imported more from Bulgaria than China included Gibraltar ($186M), Saint Martin ($1.74M), and Bonaire ($261k).

In 2023, countries that imported more from China than Bulgaria included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

Comparative Advantage Bulgaria - China

Flow
Scale

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

During 2023, Bulgaria had a large net trade with China in the exports of Mineral Products ($519M), Vegetable Products ($309M), and Foodstuffs ($225M).

During 2018, China had a large net trade with Bulgaria in the exports of Machines ($1.44B), Miscellaneous ($287M), and Metals ($234M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria China+$130MRefined Copper
Top Product Potential China Bulgaria+$77.3MTelephones

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

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

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