Bulgaria (BGR) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Bulgaria-Kuwait Trade: In 2023, Bulgaria exported $21.2M to Kuwait. The main products that Bulgaria exported to Kuwait were Non-Knit Women's Suits ($1.26M), Other Furniture ($990k), and Sports Equipment ($962k). Over the past 5 years the exports of Bulgaria to Kuwait have decreased at an annualized rate of 4.44%, from $26.6M in 2018 to $21.2M in 2023.

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

Kuwait-Bulgaria Trade: In 2023, Kuwait exported $1.81M to Bulgaria. The main products that Kuwait exported to Bulgaria were Ethylene Polymers ($956k), Propylene Polymers ($478k), and Cars ($191k). Over the past 5 years the exports of Kuwait to Bulgaria have increased at an annualized rate of 11.7%, from $1.04M in 2018 to $1.81M in 2023.

In 2023, Kuwait 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, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $21.2M to Kuwait. The main products exported from Bulgaria to Kuwait were Non-Knit Women's Suits ($1.26M), Other Furniture ($990k), and Sports Equipment ($962k). During the last 5 years the exports of Bulgaria to Kuwait have decreased at an annualized rate of 4.44%, from $26.6M in 2018 to $21.2M in 2023.

In 2018, Kuwait exported $1.81M to Bulgaria. The main products exported from Kuwait to Bulgaria were Ethylene Polymers ($956k), Propylene Polymers ($478k), and Cars ($191k). During the last 5 years the exports of Kuwait to Bulgaria have increased at an annualized rate of 11.7%, from $1.04M in 2023 to $1.81M in 2018.

Exports from Bulgaria () to Kuwait () (2023)

Exports from Kuwait () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Kuwait ()

Bulgaria Exports

Date

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Kuwait
Top DestinationChina$17.4B

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

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

In 2023, countries that imported more from Kuwait than Bulgaria included China ($17.4B), India ($9.51B), and Japan ($9.13B).

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

Comparative Advantage Bulgaria - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Kuwait in the exports of Textiles ($4.72M), Machines ($4.38M), and Miscellaneous ($2.83M).

During 2018, Kuwait had a large net trade with Bulgaria in the exports of Plastics and Rubbers ($1.43M), Transportation ($194k), and Instruments ($60k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Kuwait+$1.49MNon-Knit Women's Suits

Top Product Potential Kuwait Bulgaria+$1.23MEthylene Polymers

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

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Kuwait () (2023)

Exports from Kuwait () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Kuwait ()

Bulgaria Exports

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bulgaria () and Kuwait () (2023)

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