Bulgaria (BGR) and Liberia (LBR) Trade | The Observatory of Economic Complexity

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Bulgaria-Liberia Trade: In 2023, Bulgaria exported $211k to Liberia. The main products that Bulgaria exported to Liberia were Vaccines, blood, antisera, toxins and cultures ($67.2k), Flavored Water ($23.9k), and Water ($23.4k). Over the past 5 years the exports of Bulgaria to Liberia have decreased at an annualized rate of 33.2%, from $1.59M in 2018 to $211k in 2023.

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

Liberia-Bulgaria In N/A, Liberia did not export any products to Bulgaria.

In 2023, Liberia 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, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $211k to Liberia. The main products exported from Bulgaria to Liberia were Vaccines, blood, antisera, toxins and cultures ($67.2k), Flavored Water ($23.9k), and Water ($23.4k). During the last 5 years the exports of Bulgaria to Liberia have decreased at an annualized rate of 33.2%, from $1.59M in 2018 to $211k in 2023.

Liberia does not register exports to Bulgaria. The main products exported from Liberia to Bulgaria were Cocoa Beans ($7.81M), Raw Sugar ($22.1k), and Air Pumps ($606).

Exports from Bulgaria () to Liberia () (2023)

Exports from Liberia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Liberia ()

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Liberia
Top DestinationSwitzerland$708M

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

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

In 2023, countries that imported more from Liberia than Bulgaria included Switzerland ($708M), Lebanon ($105M), and Tanzania ($38M).

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

Comparative Advantage Bulgaria - Liberia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Liberia in the exports of Foodstuffs ($79.2k), Chemical Products ($68.6k), and Machines ($36k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Liberia+$243kRefined Petroleum

Top Product Potential Liberia Bulgaria+$4.91kEngine Parts

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

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Liberia () (2023)

Exports from Liberia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Liberia ()

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Liberia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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