2023
Flag  
GDP
$102BCURRENT US$
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2013-2023
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GDP GROWTH
83.4%CURRENT US$
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2023
Flag
 GDP
$144BCURRENT US$
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2013-2023
Flag
GDP GROWTH
24.8%CURRENT US$
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2023
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GDP PC 
$15,886CURRENT US$
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2013-2023
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GDP PC GROWTH
107%CURRENT US$
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2023
Flag
GDP PC
$3,771CURRENT US$
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2013-2023
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GDP PC GROWTH
11.6%CURRENT US$
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About

Bulgaria-Morocco Trade: In 2023, Bulgaria exported $207M to Morocco. The main products that Bulgaria exported to Morocco were Seed Oils ($61.8M), Barley ($29.8M), and Hand-Woven Rugs ($12.1M). Over the past 5 years the exports of Bulgaria to Morocco have increased at an annualized rate of 10.9%, from $123M in 2018 to $207M in 2023.

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 2023, Morocco exported $119M to Bulgaria. The main products that Morocco exported to Bulgaria were Cars ($28.2M), Mixed Mineral or Chemical Fertilizers ($24.8M), and Calcium Phosphates ($23.9M). Over the past 5 years the exports of Morocco to Bulgaria have decreased at an annualized rate of 10.8%,  from $211M in 2018 to $119M in 2023.

In 2023, Morocco 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, Morocco ranked 79 in the Economic Complexity Index (ECI -0.36), and 60 in total exports ($49.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $207M to Morocco. The main products exported from Bulgaria to Morocco were Seed Oils ($61.8M), Barley ($29.8M), and Hand-Woven Rugs ($12.1M). During the last 5 years the exports of Bulgaria to Morocco have increased at an annualized rate of 10.9%, from $123M in 2018 to $207M in 2023.

In 2018, Morocco exported $119M to Bulgaria. The main products exported from Morocco to Bulgaria were Cars ($28.2M), Mixed Mineral or Chemical Fertilizers ($24.8M), and Calcium Phosphates ($23.9M). During the last 5 years the exports of Morocco to Bulgaria have decreased at an annualized rate of 10.8%, from $211M in 2023 to $119M in 2018.

Exports from Bulgaria (Flag) to Morocco (Flag) (2023)

Exports from Morocco (Flag) to Bulgaria (Flag) (2023)

Latest Data

Trade between Bulgaria (Flag) and Morocco (Flag)

Bulgaria Exports

Morocco Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.84B
Morocco
Top Destination
Spain$9.8B

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 2023, countries that imported more from Bulgaria than Morocco included Romania ($5.63B), Germany ($6.84B), and Greece ($3.04B).

In 2023, countries that imported more from Morocco than Bulgaria included Spain ($9.8B), France ($8.23B), and United Kingdom ($2.49B).

Difference in imports from Morocco (Flag) and Bulgaria (Flag) (2023)

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 2023, Bulgaria had a large net trade with Morocco in the exports of Animal and Vegetable Bi-Products ($61.8M), Vegetable Products ($45.2M), and Machines ($31.5M).

During 2018, Morocco had a large net trade with Bulgaria in the exports of Transportation ($39.6M), Mineral Products ($27.6M), and Chemical Products ($25.6M).

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) (2023)

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