2023
Flag  
GDP
$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH
83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP
$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH
34.8%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC 
$15,886CURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP PC GROWTH
107%CURRENT US$
Rnk 6 / 195
2023
Flag
GDP PC
$13,790CURRENT US$
Rnk 75 / 196
2013-2023
Flag
GDP PC GROWTH
22.9%CURRENT US$
Rnk 94 / 195

About

Bulgaria-Mexico Trade: In 2023, Bulgaria exported $151M to Mexico. The main products that Bulgaria exported to Mexico were Video and Card Games ($21.1M), Electrical Lighting and Signalling Equipment ($19.6M), and Low-voltage Protection Equipment ($7.19M). Over the past 5 years the exports of Bulgaria to Mexico have increased at an annualized rate of 4.22%, from $123M in 2018 to $151M in 2023.

In 2020, Bulgaria exported services to Mexico worth $2.51M, with Transportation ($1.14M), Travel ($571k), and Computer and information services ($457k) being the largest in terms of value.

Mexico-Bulgaria Trade: In 2023, Mexico exported $81.9M to Bulgaria. The main products that Mexico exported to Bulgaria were Precious Metal Ore ($61.5M), Other Measuring Instruments ($7.74M), and Motor vehicles; parts and accessories (8701 to 8705) ($2.96M). Over the past 5 years the exports of Mexico to Bulgaria have increased at an annualized rate of 45.4%,  from $12.6M in 2018 to $81.9M in 2023.

In 2023, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $151M to Mexico. The main products exported from Bulgaria to Mexico were Video and Card Games ($21.1M), Electrical Lighting and Signalling Equipment ($19.6M), and Low-voltage Protection Equipment ($7.19M). During the last 5 years the exports of Bulgaria to Mexico have increased at an annualized rate of 4.22%, from $123M in 2018 to $151M in 2023.

In 2018, Mexico exported $81.9M to Bulgaria. The main products exported from Mexico to Bulgaria were Precious Metal Ore ($61.5M), Other Measuring Instruments ($7.74M), and Motor vehicles; parts and accessories (8701 to 8705) ($2.96M). During the last 5 years the exports of Mexico to Bulgaria have increased at an annualized rate of 45.4%, from $12.6M in 2023 to $81.9M in 2018.

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

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

Latest Data

Trade between Bulgaria (Flag) and Mexico (Flag)

Bulgaria Exports

Mexico Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.84B
Mexico
Top Destination
United States$456B

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

In 2023, countries that imported more from Bulgaria than Mexico included Romania ($5.63B), Greece ($3.04B), and Italy ($4.06B).

In 2023, countries that imported more from Mexico than Bulgaria included United States ($456B), Canada ($33B), and China ($15B).

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

Comparative Advantage Bulgaria - Mexico

Flow
Scale

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

During 2023, Bulgaria had a large net trade with Mexico in the exports of Machines ($58.7M), Miscellaneous ($25M), and Metals ($16.2M).

During 2018, Mexico had a large net trade with Bulgaria in the exports of Mineral Products ($61.9M), Instruments ($8.22M), and Machines ($3.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Mexico+$7.04MMedical Instruments
Top Product Potential Mexico Bulgaria+$4.2MMotor vehicles; parts and accessories (8701 to 8705)

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

Product Space of Bulgaria (Flag) and Mexico (Flag) (2023)

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