2023
Flag  
GDP
$102BCURRENT US$
Rnk 69 / 195
2013-2023
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GDP GROWTH
83.4%CURRENT US$
Rnk 30 / 195
2023
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 GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
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GDP PC 
$15,886CURRENT US$
Rnk 72 / 195
2013-2023
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GDP PC GROWTH
107%CURRENT US$
Rnk 6 / 195
2023
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GDP PC
$33,121CURRENT US$
Rnk 41 / 196
2013-2023
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GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

Bulgaria-South Korea Trade: In 2023, Bulgaria exported $241M to South Korea. The main products that Bulgaria exported to South Korea were Wheat ($110M), Integrated Circuits ($26M), and Corn ($23.6M). Over the past 5 years the exports of Bulgaria to South Korea have increased at an annualized rate of 6.33%, from $177M in 2018 to $241M in 2023.

In 2020, Bulgaria exported services to South Korea worth $6.28M, with Transportation ($2.4M), Computer and information services ($1.37M), and Other business services ($1.03M) being the largest in terms of value.

South Korea-Bulgaria Trade: In 2023, South Korea exported $200M to Bulgaria. The main products that South Korea exported to Bulgaria were Polyacetals ($17M), Video Displays ($15.6M), and Cars ($14.4M). Over the past 5 years the exports of South Korea to Bulgaria have increased at an annualized rate of 1.24%,  from $188M in 2018 to $200M in 2023.

In 2023, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $241M to South Korea. The main products exported from Bulgaria to South Korea were Wheat ($110M), Integrated Circuits ($26M), and Corn ($23.6M). During the last 5 years the exports of Bulgaria to South Korea have increased at an annualized rate of 6.33%, from $177M in 2018 to $241M in 2023.

In 2018, South Korea exported $200M to Bulgaria. The main products exported from South Korea to Bulgaria were Polyacetals ($17M), Video Displays ($15.6M), and Cars ($14.4M). During the last 5 years the exports of South Korea to Bulgaria have increased at an annualized rate of 1.24%, from $188M in 2023 to $200M in 2018.

Exports from Bulgaria (Flag) to South Korea (Flag) (2023)

Exports from South Korea (Flag) to Bulgaria (Flag) (2023)

Latest Data

Trade between Bulgaria (Flag) and South Korea (Flag)

Bulgaria Exports

South Korea Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.84B
South Korea
Top Destination
China$162B

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

In 2023, countries that imported more from Bulgaria than South Korea included Romania ($5.63B), Greece ($3.04B), and Serbia ($1.01B).

In 2023, countries that imported more from South Korea than Bulgaria included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea (Flag) and Bulgaria (Flag) (2023)

Comparative Advantage Bulgaria - South Korea

Flow
Scale

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

During 2023, Bulgaria had a large net trade with South Korea in the exports of Vegetable Products ($137M), Machines ($36.8M), and Metals ($24.4M).

During 2018, South Korea had a large net trade with Bulgaria in the exports of Plastics and Rubbers ($66.9M), Machines ($41.8M), and Metals ($22.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria South Korea+$10.2MWheat
Top Product Potential South Korea Bulgaria+$19MCars

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

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

Product Space of Bulgaria (Flag) and South Korea (Flag) (2023)

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