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2023
Flag → Flag
Exports $4.14MRnk 106 / 200
2023
Flag → Flag
Top Product $942kTherapeutic Appliances
2023
Flag → Flag
Exports $309kRnk 127 / 172
2023
Flag → Flag
Top Product $118kChemical Analysis Instruments
2023
Flag
Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag  
GDP$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC $15,886CURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP PC GROWTH107%CURRENT US$
Rnk 6 / 195
2023
Flag
GDP PC$16,942CURRENT US$
Rnk 69 / 196
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195

About

Bulgaria-Costa Rica Trade: In 2023, Bulgaria exported $4.14M to Costa Rica. The main products that Bulgaria exported to Costa Rica were Therapeutic Appliances ($942k), Chocolate ($429k), and Baked Goods ($399k). Over the past 5 years the exports of Bulgaria to Costa Rica have increased at an annualized rate of 1.38%, from $3.87M in 2018 to $4.14M in 2023.

In 2023, Bulgaria did not export any services to Costa Rica.

Costa Rica-Bulgaria Trade: In 2023, Costa Rica exported $309k to Bulgaria. The main products that Costa Rica exported to Bulgaria were Chemical Analysis Instruments ($118k), Other Plastic Products ($52.9k), and Coffee ($35.5k). Over the past 5 years the exports of Costa Rica to Bulgaria have decreased at an annualized rate of 1%,  from $325k in 2018 to $309k in 2023.

In 2023, Costa Rica 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, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $4.14M to Costa Rica. The main products exported from Bulgaria to Costa Rica were Therapeutic Appliances ($942k), Chocolate ($429k), and Baked Goods ($399k). During the last 5 years the exports of Bulgaria to Costa Rica have increased at an annualized rate of 1.38%, from $3.87M in 2018 to $4.14M in 2023.

In 2018, Costa Rica exported $309k to Bulgaria. The main products exported from Costa Rica to Bulgaria were Chemical Analysis Instruments ($118k), Other Plastic Products ($52.9k), and Coffee ($35.5k). During the last 5 years the exports of Costa Rica to Bulgaria have decreased at an annualized rate of 1%, from $325k in 2023 to $309k in 2018.

Exports from Bulgaria (Flag) to Costa Rica (Flag) (2023)

Exports from Costa Rica (Flag) to Bulgaria (Flag) (2023)

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.84B
Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from Bulgaria than Costa Rica included Germany ($6.84B), Romania ($5.63B), and Italy ($4.06B).

In 2023, countries that imported more from Costa Rica than Bulgaria included United States ($9.5B), Guatemala ($846M), and Nicaragua ($661M).

Difference in imports from Costa Rica (Flag) and Bulgaria (Flag) (2023)

Comparative Advantage Bulgaria - Costa Rica

Flow
Scale

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

During 2023, Bulgaria had a large net trade with Costa Rica in the exports of Instruments ($1.31M), Foodstuffs ($964k), and Chemical Products ($603k).

During 2018, Costa Rica had a large net trade with Bulgaria in the exports of Instruments ($137k), Vegetable Products ($71.9k), and Plastics and Rubbers ($52.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Costa Rica+$806kMedical Instruments
Top Product Potential Costa Rica Bulgaria+$269kRaw 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 Costa Rica. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Costa Rica. Similarly, a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Bulgaria.

Product Space of Bulgaria (Flag) and Costa Rica (Flag) (2023)

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