2022
Flag  
GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP
$134BCURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP GROWTH
25.5%CURRENT US$
Rnk 109 / 186
2022
Flag
GDP PC 
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC
$3,528CURRENT US$
Rnk 127 / 186
2012-2022
Flag
GDP PC GROWTH
11.5%CURRENT US$
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About

Bulgaria-Morocco Trade: In 2022, Bulgaria exported $112M to Morocco. The main products that Bulgaria exported to Morocco were Seed Oils ($14.5M), Hand-Woven Rugs ($11.7M), and Other Vegetable Residues ($11.1M). Over the past 5 years the exports of Bulgaria to Morocco have increased at an annualized rate of 2.09%, from $101M in 2017 to $112M in 2022.

In 2020, Bulgaria exported services to Morocco worth $3.43M, with Transportation ($2.4M), Travel ($571k), and Computer and information services ($343k) being the largest in terms of value.

Morocco-Bulgaria Trade: In 2022, Morocco exported $113M to Bulgaria. The main products that Morocco exported to Bulgaria were Cars ($39M), Mixed Mineral or Chemical Fertilizers ($23.5M), and Calcium Phosphates ($18.9M). Over the past 5 years the exports of Morocco to Bulgaria have decreased at an annualized rate of 5.92%,  from $184M in 2017 to $113M in 2022.

In 2022, Morocco 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, Morocco ranked 80 in the Economic Complexity Index (ECI -0.29), and 63 in total exports ($46.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $112M to Morocco. The main products exported from Bulgaria to Morocco were Seed Oils ($14.5M), Hand-Woven Rugs ($11.7M), and Other Vegetable Residues ($11.1M). During the last 5 years the exports of Bulgaria to Morocco have increased at an annualized rate of 2.09%, from $101M in 2017 to $112M in 2022.

In 2017, Morocco exported $113M to Bulgaria. The main products exported from Morocco to Bulgaria were Cars ($39M), Mixed Mineral or Chemical Fertilizers ($23.5M), and Calcium Phosphates ($18.9M). During the last 5 years the exports of Morocco to Bulgaria have decreased at an annualized rate of 5.92%, from $184M in 2022 to $113M in 2017.

Exports from Bulgaria (Flag) to Morocco (Flag) (2022)

Exports from Morocco (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and Morocco (Flag)

Bulgaria Exports

Morocco Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Morocco
Top Destination
Spain$8.55B

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

In 2022, countries that imported more from Bulgaria than Morocco included Romania ($6.55B), Germany ($6.91B), and Greece ($2.93B).

In 2022, countries that imported more from Morocco than Bulgaria included Spain ($8.55B), France ($7.92B), and India ($2.99B).

Difference in imports from Morocco (Flag) and Bulgaria (Flag) (2022)

Comparative Advantage Bulgaria - Morocco

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Morocco in the exports of Foodstuffs ($24.7M), Machines ($22.5M), and Textiles ($15.6M).

During 2017, Morocco had a large net trade with Bulgaria in the exports of Transportation ($50.1M), Chemical Products ($23.7M), and Mineral Products ($19.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Morocco+$3.09MLow-voltage Protection Equipment
Top Product Potential Morocco Bulgaria+$17.5MCars

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

Product Space of Bulgaria (Flag) and Morocco (Flag) (2022)

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