Bulgaria (BGR) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Bulgaria-Mongolia Trade: In 2023, Bulgaria exported $3.65M to Mongolia. The main products that Bulgaria exported to Mongolia were Packaged Medicaments ($1.8M), Electric Batteries ($443k), and Hair Products ($263k). Over the past 5 years the exports of Bulgaria to Mongolia have increased at an annualized rate of 5.03%, from $2.85M in 2018 to $3.65M in 2023.

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

Mongolia-Bulgaria Trade: In 2023, Mongolia exported $22.9k to Bulgaria. The main products that Mongolia exported to Bulgaria were Blankets ($12.5k), Packaged Medicaments ($6.3k), and Chemical Analysis Instruments ($2.08k). Over the past 5 years the exports of Mongolia to Bulgaria have decreased at an annualized rate of 33.4%, from $175k in 2018 to $22.9k in 2023.

In 2023, Mongolia 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, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $3.65M to Mongolia. The main products exported from Bulgaria to Mongolia were Packaged Medicaments ($1.8M), Electric Batteries ($443k), and Hair Products ($263k). During the last 5 years the exports of Bulgaria to Mongolia have increased at an annualized rate of 5.03%, from $2.85M in 2018 to $3.65M in 2023.

In 2018, Mongolia exported $22.9k to Bulgaria. The main products exported from Mongolia to Bulgaria were Blankets ($12.5k), Packaged Medicaments ($6.3k), and Chemical Analysis Instruments ($2.08k). During the last 5 years the exports of Mongolia to Bulgaria have decreased at an annualized rate of 33.4%, from $175k in 2023 to $22.9k in 2018.

Exports from Bulgaria () to Mongolia () (2023)

Exports from Mongolia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Mongolia ()

Bulgaria Exports

Date

Mongolia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Mongolia
Top DestinationChina$13.1B

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

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

In 2023, countries that imported more from Mongolia than Bulgaria included China ($13.1B) and Switzerland ($842M).

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

Comparative Advantage Bulgaria - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Mongolia in the exports of Chemical Products ($2.13M), Machines ($898k), and Instruments ($284k).

During 2018, Mongolia had a large net trade with Bulgaria in the exports of Textiles ($14.5k), Chemical Products ($6.3k), and Instruments ($2.08k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Mongolia+$779kPackaged Medicaments

Top Product Potential Mongolia Bulgaria+$5.9kComputers

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

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Mongolia () (2023)

Exports from Mongolia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Mongolia ()

Bulgaria Exports

Mongolia Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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