Bulgaria (BGR) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Bulgaria-Iraq Trade: In 2022, Bulgaria exported $221M to Iraq. The main products that Bulgaria exported to Iraq were Seed Oils ($131M), Refined Petroleum ($13.5M), and Video Recording Equipment ($12.6M). Over the past 5 years the exports of Bulgaria to Iraq have increased at an annualized rate of 40%, from $41.1M in 2017 to $221M in 2022.

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

Iraq-Bulgaria Trade: In 2022, Iraq exported $92.9M to Bulgaria. The main products that Iraq exported to Bulgaria were Crude Petroleum ($91.4M), Other Vegetables ($607k), and Refined Petroleum ($565k). Over the past 5 years the exports of Iraq to Bulgaria have increased at an annualized rate of 29.6%, from $25.4M in 2017 to $92.9M in 2022.

In 2022, Iraq 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, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bulgaria exported $221M to Iraq. The main products exported from Bulgaria to Iraq were Seed Oils ($131M), Refined Petroleum ($13.5M), and Video Recording Equipment ($12.6M). During the last 5 years the exports of Bulgaria to Iraq have increased at an annualized rate of 40%, from $41.1M in 2017 to $221M in 2022.

In 2017, Iraq exported $92.9M to Bulgaria. The main products exported from Iraq to Bulgaria were Crude Petroleum ($91.4M), Other Vegetables ($607k), and Refined Petroleum ($565k). During the last 5 years the exports of Iraq to Bulgaria have increased at an annualized rate of 29.6%, from $25.4M in 2022 to $92.9M in 2017.

Exports from Bulgaria () to Iraq () (2022)

Exports from Iraq () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Iraq ()

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.91B

Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Bulgaria than Iraq included Romania ($6.55B), Germany ($6.91B), and Poland ($1.65B).

In 2022, countries that imported more from Iraq than Bulgaria included India ($38.8B), China ($34B), and United States ($10.3B).

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

Comparative Advantage Bulgaria - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bulgaria had a large net trade with Iraq in the exports of Animal and Vegetable Bi-Products ($131M), Machines ($20.8M), and Mineral Products ($13.5M).

During 2017, Iraq had a large net trade with Bulgaria in the exports of Mineral Products ($92M), Vegetable Products ($945k), and Plastics and Rubbers ($13.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Iraq+$17.8MRefined Petroleum

Top Product Potential Iraq Bulgaria+$94.1MCrude Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Iraq () (2022)

Exports from Iraq () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Iraq ()

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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