Bulgaria (BGR) and Guinea (GIN) Trade | The Observatory of Economic Complexity

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Bulgaria-Guinea Trade: In 2022, Bulgaria exported $5.3M to Guinea. The main products that Bulgaria exported to Guinea were Documents of title (bonds etc) and unused stamps ($3.71M), Electrical Capacitors ($382k), and Forging Machines ($354k). Over the past 5 years the exports of Bulgaria to Guinea have increased at an annualized rate of 28.7%, from $1.5M in 2017 to $5.3M in 2022.

In 2022, Bulgaria did not export any services to Guinea.

Guinea-Bulgaria In N/A, Guinea did not export any products to Bulgaria.

In 2022, Guinea did not export any services to Bulgaria.

Comparison: In 2022, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, Guinea ranked 132 in the Economic Complexity Index (ECI -2.2), and 101 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bulgaria exported $5.3M to Guinea. The main products exported from Bulgaria to Guinea were Documents of title (bonds etc) and unused stamps ($3.71M), Electrical Capacitors ($382k), and Forging Machines ($354k). During the last 5 years the exports of Bulgaria to Guinea have increased at an annualized rate of 28.7%, from $1.5M in 2017 to $5.3M in 2022.

Guinea does not register exports to Bulgaria. The main products exported from Guinea to Bulgaria were Coffee ($321k).

Exports from Bulgaria () to Guinea () (2022)

Exports from Guinea () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Guinea ()

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.91B

Guinea
Top DestinationChina$3.81B

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

In 2022, countries that imported more from Bulgaria than Guinea included Germany ($6.91B), Romania ($6.55B), and Italy ($3.85B).

In 2022, countries that imported more from Guinea than Bulgaria included China ($3.81B), United Arab Emirates ($2.59B), and India ($2.77B).

Difference in imports from Guinea () and Bulgaria () (2022)

Comparative Advantage Bulgaria - Guinea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bulgaria had a large net trade with Guinea in the exports of Paper Goods ($3.74M), Machines ($1.12M), and Textiles ($185k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Guinea+$144kElectric Batteries

Top Product Potential Guinea Bulgaria+$226kCoffee

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Guinea () (2022)

Exports from Guinea () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Guinea ()

Bulgaria Exports

Market Competitiveness

Difference in imports from Guinea () and Bulgaria () (2022)

Comparative Advantage Bulgaria - Guinea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bulgaria () and Guinea () (2022)

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