2023
Flag  
GDP
$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH
83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP
$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC 
$15,886CURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP PC GROWTH
107%CURRENT US$
Rnk 6 / 195
2023
Flag
GDP PC
$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195

About

Bulgaria-Hong Kong Trade: In 2023, Bulgaria exported $110M to Hong Kong. The main products that Bulgaria exported to Hong Kong were Integrated Circuits ($69.9M), Medical Instruments ($7.73M), and Chocolate ($6.55M). Over the past 5 years the exports of Bulgaria to Hong Kong have increased at an annualized rate of 7.51%, from $76.7M in 2018 to $110M in 2023.

In 2020, Bulgaria exported services to Hong Kong worth $20.7M, with Computer and information services ($9.48M), Other business services ($4.11M), and Royalties and license fees ($3.77M) being the largest in terms of value.

Hong Kong-Bulgaria Trade: In 2023, Hong Kong exported $218M to Bulgaria. The main products that Hong Kong exported to Bulgaria were Broadcasting Equipment ($50.9M), Computers ($36.7M), and Printed Circuit Boards ($15.1M). Over the past 5 years the exports of Hong Kong to Bulgaria have increased at an annualized rate of 8.45%,  from $124M in 2018 to $218M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $110M to Hong Kong. The main products exported from Bulgaria to Hong Kong were Integrated Circuits ($69.9M), Medical Instruments ($7.73M), and Chocolate ($6.55M). During the last 5 years the exports of Bulgaria to Hong Kong have increased at an annualized rate of 7.51%, from $76.7M in 2018 to $110M in 2023.

In 2018, Hong Kong exported $218M to Bulgaria. The main products exported from Hong Kong to Bulgaria were Broadcasting Equipment ($50.9M), Computers ($36.7M), and Printed Circuit Boards ($15.1M). During the last 5 years the exports of Hong Kong to Bulgaria have increased at an annualized rate of 8.45%, from $124M in 2023 to $218M in 2018.

Exports from Bulgaria (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Bulgaria (Flag) (2023)

Latest Data

Trade between Bulgaria (Flag) and Hong Kong (Flag)

Bulgaria Exports

Hong Kong Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.84B
Hong Kong
Top Destination
China$25.3B

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

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

In 2023, countries that imported more from Hong Kong than Bulgaria included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Bulgaria (Flag) (2023)

Comparative Advantage Bulgaria - Hong Kong

Flow
Scale

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

During 2023, Bulgaria had a large net trade with Hong Kong in the exports of Machines ($78M), Instruments ($10.4M), and Foodstuffs ($9.76M).

During 2018, Hong Kong had a large net trade with Bulgaria in the exports of Machines ($176M), Instruments ($12.7M), and Miscellaneous ($6.23M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Hong Kong+$36.8MIntegrated Circuits
Top Product Potential Hong Kong Bulgaria+$12.9MTelephones

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

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

Product Space of Bulgaria (Flag) and Hong Kong (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with