Bulgaria (BGR) and Rwanda (RWA) Trade | The Observatory of Economic Complexity

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Bulgaria-Rwanda Trade: In 2023, Bulgaria exported $1.1M to Rwanda. The main products that Bulgaria exported to Rwanda were Soil Preparation Machinery ($497k), Broadcasting Equipment ($265k), and Tractors ($141k). Over the past 5 years the exports of Bulgaria to Rwanda have decreased at an annualized rate of 7.41%, from $1.62M in 2018 to $1.1M in 2023.

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

Rwanda-Bulgaria Trade: In 2023, Rwanda exported $519 to Bulgaria. The main products that Rwanda exported to Bulgaria were Electrical Transformers ($519). Over the past 5 years the exports of Rwanda to Bulgaria have decreased at an annualized rate of 59.5%, from $47.7k in 2018 to $519 in 2023.

In 2023, Rwanda 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, Rwanda ranked 154 in total exports ($1.35B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $1.1M to Rwanda. The main products exported from Bulgaria to Rwanda were Soil Preparation Machinery ($497k), Broadcasting Equipment ($265k), and Tractors ($141k). During the last 5 years the exports of Bulgaria to Rwanda have decreased at an annualized rate of 7.41%, from $1.62M in 2018 to $1.1M in 2023.

In 2018, Rwanda exported $519 to Bulgaria. The main products exported from Rwanda to Bulgaria were Electrical Transformers ($519). During the last 5 years the exports of Rwanda to Bulgaria have decreased at an annualized rate of 59.5%, from $47.7k in 2023 to $519 in 2018.

Exports from Bulgaria () to Rwanda () (2023)

Exports from Rwanda () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Rwanda ()

Bulgaria Exports

Date

Rwanda Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Rwanda
Top DestinationUnited Arab Emirates$895M

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

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

In 2023, countries that imported more from Rwanda than Bulgaria included United Arab Emirates ($895M), Kenya ($34.5M), and Uganda ($11M).

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

Comparative Advantage Bulgaria - Rwanda

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Rwanda in the exports of Machines ($891k), Transportation ($141k), and Chemical Products ($34.1k).

During 2018, Rwanda had a large net trade with Bulgaria in the exports of Machines ($519).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Rwanda+$362kTelephones

Top Product Potential Rwanda Bulgaria+$4.76kNavigation Equipment

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

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Rwanda () (2023)

Exports from Rwanda () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Rwanda ()

Bulgaria Exports

Rwanda Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Rwanda

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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