Bulgaria (BGR) and Czechia (CZE) Trade | The Observatory of Economic Complexity

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Bulgaria-Czechia Trade: In 2023, Bulgaria exported $1.19B to Czechia. The main products that Bulgaria exported to Czechia were Spring, Air, and Gas Guns ($235M), Insulated Wire ($124M), and Electrical Power Accessories ($75.5M). Over the past 5 years the exports of Bulgaria to Czechia have increased at an annualized rate of 5.76%, from $896M in 2018 to $1.19B in 2023.

In 2020, Bulgaria exported services to Czechia worth $87.5M, with Transportation ($32.3M), Travel ($29.4M), and Other business services ($11.9M) being the largest in terms of value.

Czechia-Bulgaria Trade: In 2023, Czechia exported $1.56B to Bulgaria. The main products that Czechia exported to Bulgaria were Cars ($158M), Broadcasting Equipment ($148M), and Other Electrical Machinery ($140M). Over the past 5 years the exports of Czechia to Bulgaria have increased at an annualized rate of 12%, from $887M in 2018 to $1.56B in 2023.

In 2019, Czechia exported services to Bulgaria worth $142M, with Transportation ($54.6M), Other business services ($27.5M), and Travel ($24.9M) 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, Czechia ranked 7 in the Economic Complexity Index (ECI 1.6), and 30 in total exports ($224B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $1.19B to Czechia. The main products exported from Bulgaria to Czechia were Spring, Air, and Gas Guns ($235M), Insulated Wire ($124M), and Electrical Power Accessories ($75.5M). During the last 5 years the exports of Bulgaria to Czechia have increased at an annualized rate of 5.76%, from $896M in 2018 to $1.19B in 2023.

In 2018, Czechia exported $1.56B to Bulgaria. The main products exported from Czechia to Bulgaria were Cars ($158M), Broadcasting Equipment ($148M), and Other Electrical Machinery ($140M). During the last 5 years the exports of Czechia to Bulgaria have increased at an annualized rate of 12%, from $887M in 2023 to $1.56B in 2018.

Exports from Bulgaria () to Czechia () (2023)

Exports from Czechia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Czechia ()

Bulgaria Exports

Date

Czechia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Czechia
Top DestinationGermany$64.2B

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

In 2023, countries that imported more from Bulgaria than Czechia included Greece ($3.04B), Romania ($5.63B), and Algeria ($592M).

In 2023, countries that imported more from Czechia than Bulgaria included Germany ($64.2B), Slovakia ($15.8B), and Poland ($13.8B).

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

Comparative Advantage Bulgaria - Czechia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Czechia in the exports of Machines ($365M), Weapons ($235M), and Metals ($151M).

During 2018, Czechia had a large net trade with Bulgaria in the exports of Machines ($649M), Transportation ($316M), and Chemical Products ($98.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Czechia+$14.9MPackaged Medicaments

Top Product Potential Czechia Bulgaria+$36.9MCars

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

Cze Year

Bgr Year

In 2020, Bulgaria exported services to Czechia worth $87.5M, with Transportation ($32.3M), Travel ($29.4M), and Other business services ($11.9M) being the largest in terms of value.

In 2019, Czechia exported services to Bulgaria worth $142M, with Transportation ($54.6M), Other business services ($27.5M), and Travel ($24.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria () to Czechia () (2020)

Services Exports from Czechia () to Bulgaria () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Czechia () (2023)

Exports from Czechia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Czechia ()

Bulgaria Exports

Czechia Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Czechia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Bulgaria () to Czechia () (2020)

Services Exports from Czechia () to Bulgaria () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Bulgaria () and Czechia () (2023)

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