Bulgaria (BGR) and Gambia (GMB) Trade | The Observatory of Economic Complexity

About

Bulgaria-Gambia Trade: In 2023, Bulgaria exported $221k to Gambia. The main products that Bulgaria exported to Gambia were Cars ($53.6k), Aqueous Paints ($32.5k), and Low-voltage Protection Equipment ($31.8k). Over the past 5 years the exports of Bulgaria to Gambia have increased at an annualized rate of 0.51%, from $216k in 2018 to $221k in 2023.

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

Gambia-Bulgaria Trade: In 2023, Gambia exported $13 to Bulgaria. The main products that Gambia exported to Bulgaria were N/A. Over the past 5 years the exports of Gambia to Bulgaria have decreased at an annualized rate of 53%, from $566 in 2018 to $13 in 2023.

In 2023, Gambia 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, Gambia ranked 138 in total exports ($3.16B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $221k to Gambia. The main products exported from Bulgaria to Gambia were Cars ($53.6k), Aqueous Paints ($32.5k), and Low-voltage Protection Equipment ($31.8k). During the last 5 years the exports of Bulgaria to Gambia have increased at an annualized rate of 0.51%, from $216k in 2018 to $221k in 2023.

In 2017, Gambia exported $13 to Bulgaria. There were not main exports from Gambia to Bulgaria in 2017. During the last 5 years the exports of Gambia to Bulgaria have decreased at an annualized rate of 53%, from $566 in 2022 to $13 in 2017.

Exports from Bulgaria () to Gambia () (2023)

Exports from Gambia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Gambia ()

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Gambia
Top DestinationKazakhstan$2.91B

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

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

In 2023, countries that imported more from Gambia than Bulgaria included Kazakhstan ($2.91B), Guinea-Bissau ($59.3M), and Mali ($8.85M).

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

Comparative Advantage Bulgaria - Gambia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Gambia in the exports of Machines ($75.8k), Chemical Products ($66.4k), and Transportation ($66k).

During 2017, Gambia had a large net trade with Bulgaria in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Gambia+$50.9kCars

Top Product Potential Gambia Bulgaria+$1.57kScrap Iron

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

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Gambia () (2023)

Exports from Gambia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Gambia ()

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Gambia

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 Gambia () (2023)

Keep Exploring