Bulgaria (BGR) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Bulgaria-Malaysia Trade: In 2022, Bulgaria exported $55.4M to Malaysia. The main products that Bulgaria exported to Malaysia were Integrated Circuits ($14.1M), Carbonates ($10.2M), and Medical Instruments ($3.59M). Over the past 5 years the exports of Bulgaria to Malaysia have increased at an annualized rate of 7.36%, from $38.8M in 2017 to $55.4M in 2022.

In 2020, Bulgaria exported services to Malaysia worth $2.4M, with Computer and information services ($800k), Transportation ($685k), and Travel ($571k) being the largest in terms of value.

Malaysia-Bulgaria Trade: In 2022, Malaysia exported $167M to Bulgaria. The main products that Malaysia exported to Bulgaria were Integrated Circuits ($49.9M), Air Conditioners ($26.7M), and Gas Turbines ($26.6M). Over the past 5 years the exports of Malaysia to Bulgaria have increased at an annualized rate of 11.3%, from $97.6M in 2017 to $167M in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bulgaria exported $55.4M to Malaysia. The main products exported from Bulgaria to Malaysia were Integrated Circuits ($14.1M), Carbonates ($10.2M), and Medical Instruments ($3.59M). During the last 5 years the exports of Bulgaria to Malaysia have increased at an annualized rate of 7.36%, from $38.8M in 2017 to $55.4M in 2022.

In 2017, Malaysia exported $167M to Bulgaria. The main products exported from Malaysia to Bulgaria were Integrated Circuits ($49.9M), Air Conditioners ($26.7M), and Gas Turbines ($26.6M). During the last 5 years the exports of Malaysia to Bulgaria have increased at an annualized rate of 11.3%, from $97.6M in 2022 to $167M in 2017.

Exports from Bulgaria () to Malaysia () (2022)

Exports from Malaysia () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Malaysia ()

Bulgaria Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.91B

Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Bulgaria than Malaysia included Romania ($6.55B), Greece ($2.93B), and Italy ($3.85B).

In 2022, countries that imported more from Malaysia than Bulgaria included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

Difference in imports from Malaysia () and Bulgaria () (2022)

Comparative Advantage Bulgaria - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bulgaria had a large net trade with Malaysia in the exports of Machines ($22.8M), Chemical Products ($14.2M), and Instruments ($4.45M).

During 2017, Malaysia had a large net trade with Bulgaria in the exports of Machines ($120M), Instruments ($16.2M), and Plastics and Rubbers ($13.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Malaysia+$10.7MIntegrated Circuits

Top Product Potential Malaysia Bulgaria+$27.1MIntegrated Circuits

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

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Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Malaysia () (2022)

Exports from Malaysia () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Malaysia ()

Bulgaria Exports

Malaysia Exports

Market Competitiveness

Difference in imports from Malaysia () and Bulgaria () (2022)

Comparative Advantage Bulgaria - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bulgaria () and Malaysia () (2022)

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