Bulgaria (BGR) and Colombia (COL) Trade | The Observatory of Economic Complexity

About

Bulgaria-Colombia Trade: In 2023, Bulgaria exported $17.7M to Colombia. The main products that Bulgaria exported to Colombia were Video and Card Games ($4M), Preserved Fruits and Nuts ($2.17M), and Other Iron Products ($968k). Over the past 5 years the exports of Bulgaria to Colombia have increased at an annualized rate of 3.94%, from $14.6M in 2018 to $17.7M in 2023.

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

Colombia-Bulgaria Trade: In 2023, Colombia exported $29.8M to Bulgaria. The main products that Colombia exported to Bulgaria were Coke ($26.9M), Coffee ($1.28M), and Bananas ($599k). Over the past 5 years the exports of Colombia to Bulgaria have increased at an annualized rate of 59.4%, from $2.89M in 2018 to $29.8M in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $17.7M to Colombia. The main products exported from Bulgaria to Colombia were Video and Card Games ($4M), Preserved Fruits and Nuts ($2.17M), and Other Iron Products ($968k). During the last 5 years the exports of Bulgaria to Colombia have increased at an annualized rate of 3.94%, from $14.6M in 2018 to $17.7M in 2023.

In 2018, Colombia exported $29.8M to Bulgaria. The main products exported from Colombia to Bulgaria were Coke ($26.9M), Coffee ($1.28M), and Bananas ($599k). During the last 5 years the exports of Colombia to Bulgaria have increased at an annualized rate of 59.4%, from $2.89M in 2023 to $29.8M in 2018.

Exports from Bulgaria () to Colombia () (2023)

Exports from Colombia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Colombia ()

Bulgaria Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Bulgaria than Colombia included Germany ($6.84B), Romania ($5.63B), and Greece ($3.04B).

In 2023, countries that imported more from Colombia than Bulgaria included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

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

Comparative Advantage Bulgaria - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Colombia in the exports of Miscellaneous ($4.65M), Machines ($2.7M), and Vegetable Products ($2.52M).

During 2018, Colombia had a large net trade with Bulgaria in the exports of Mineral Products ($26.9M), Vegetable Products ($1.88M), and Machines ($384k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Colombia+$1.53MComputers

Top Product Potential Colombia Bulgaria+$451kCoffee

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

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Colombia () (2023)

Exports from Colombia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Colombia ()

Bulgaria Exports

Colombia Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Colombia

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 Colombia () (2023)

Keep Exploring