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2023
Flag → Flag
Exports $51.1MRnk 72 / 200
2023
Flag → Flag
Top Product $35.5MIntegrated Circuits
2023
Flag → Flag
Exports $101MRnk 39 / 201
2023
Flag → Flag
Top Product $88.2MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $15,886CURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP PC GROWTH107%CURRENT US$
Rnk 6 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Bulgaria-Philippines Trade: In 2023, Bulgaria exported $51.1M to Philippines. The main products that Bulgaria exported to Philippines were Integrated Circuits ($35.5M), Medical Instruments ($3.5M), and Carbonates ($1.35M). Over the past 5 years the exports of Bulgaria to Philippines have decreased at an annualized rate of 4.77%, from $65.2M in 2018 to $51.1M in 2023.

In 2020, Bulgaria exported services to Philippines worth $6.05M, with Travel ($3.54M), Other business services ($1.6M), and Transportation ($685k) being the largest in terms of value.

Philippines-Bulgaria Trade: In 2023, Philippines exported $101M to Bulgaria. The main products that Philippines exported to Bulgaria were Integrated Circuits ($88.2M), Video Recording Equipment ($4.84M), and Semiconductor Devices ($1.15M). Over the past 5 years the exports of Philippines to Bulgaria have decreased at an annualized rate of 3.58%,  from $121M in 2018 to $101M in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $51.1M to Philippines. The main products exported from Bulgaria to Philippines were Integrated Circuits ($35.5M), Medical Instruments ($3.5M), and Carbonates ($1.35M). During the last 5 years the exports of Bulgaria to Philippines have decreased at an annualized rate of 4.77%, from $65.2M in 2018 to $51.1M in 2023.

In 2018, Philippines exported $101M to Bulgaria. The main products exported from Philippines to Bulgaria were Integrated Circuits ($88.2M), Video Recording Equipment ($4.84M), and Semiconductor Devices ($1.15M). During the last 5 years the exports of Philippines to Bulgaria have decreased at an annualized rate of 3.58%, from $121M in 2023 to $101M in 2018.

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

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

Latest Data

Trade between Bulgaria (Flag) and Philippines (Flag)

Bulgaria Exports

Philippines Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.84B
Philippines
Top DestinationChina$19B

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

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

In 2023, countries that imported more from Philippines than Bulgaria included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

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

Comparative Advantage Bulgaria - Philippines

Flow
Scale

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

During 2023, Bulgaria had a large net trade with Philippines in the exports of Machines ($39.2M), Instruments ($5.11M), and Chemical Products ($2.7M).

During 2018, Philippines had a large net trade with Bulgaria in the exports of Machines ($96.9M), Plastics and Rubbers ($1.44M), and Animal and Vegetable Bi-Products ($708k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Philippines+$9.83MIntegrated Circuits
Top Product Potential Philippines Bulgaria+$19.8MIntegrated 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

This visualization shows the product space at the HS4 level with the flags of Bulgaria and Philippines. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Bulgaria.

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

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