Bulgaria / Latvia

Bulgaria-Latvia Trade: In 2022, Bulgaria exported $60.2M to Latvia. The main products that Bulgaria exported to Latvia were Broadcasting Equipment ($7.91M), Packaged Medicaments ($7.69M), and Hot-Rolled Iron ($2.17M). Over the past 5 years the exports of Bulgaria to Latvia have increased at an annualized rate of 7.81%, from $41.3M in 2017 to $60.2M in 2022.

In 2020, Bulgaria exported services to Latvia worth $11M, with Royalties and license fees ($4.34M), Transportation ($3.2M), and Travel ($2.06M) being the largest in terms of value.

Latvia-Bulgaria Trade: In 2022, Latvia exported $64.6M to Bulgaria. The main products that Latvia exported to Bulgaria were Glass Fibers ($6.43M), Industrial Fatty Acids, Oils and Alcohols ($5.42M), and Ammonia ($4.86M). Over the past 5 years the exports of Latvia to Bulgaria have increased at an annualized rate of 6.24%,  from $47.8M in 2017 to $64.6M in 2022.

In 2020, Latvia exported services to Bulgaria worth $12.6M, with Transportation ($5.71M), Other business services ($3.43M), and Travel ($2.28M) being the largest in terms of value.

Comparison In 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68),  and 60 in total exports ($51.9B). That same year, Latvia ranked 75 in total exports ($22.9B), and does not have data regarding Economic Complexity Index.