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

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Bulgaria-Rwanda Trade: In 2022, Bulgaria exported $7.61M to Rwanda. The main products that Bulgaria exported to Rwanda were Computers ($4.26M), Broadcasting Equipment ($1.26M), and Telephones ($1.21M). Over the past 5 years the exports of Bulgaria to Rwanda have increased at an annualized rate of 27.8%, from $2.23M in 2017 to $7.61M in 2022.

In 2022, Bulgaria did not export any services to Rwanda.

Rwanda-Bulgaria Trade: In 2022, Rwanda exported $7.78k to Bulgaria. The main products that Rwanda exported to Bulgaria were Tea ($4.38k), Navigation Equipment ($3.33k), and Soybeans ($60). Over the past 5 years the exports of Rwanda to Bulgaria have decreased at an annualized rate of 25.5%, from $33.8k in 2017 to $7.78k in 2022.

In 2022, Rwanda 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, Rwanda ranked 89 in the Economic Complexity Index (ECI -0.53), and 147 in total exports ($1.77B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bulgaria exported $7.61M to Rwanda. The main products exported from Bulgaria to Rwanda were Computers ($4.26M), Broadcasting Equipment ($1.26M), and Telephones ($1.21M). During the last 5 years the exports of Bulgaria to Rwanda have increased at an annualized rate of 27.8%, from $2.23M in 2017 to $7.61M in 2022.

In 2017, Rwanda exported $7.78k to Bulgaria. The main products exported from Rwanda to Bulgaria were Tea ($4.38k), Navigation Equipment ($3.33k), and Soybeans ($60). During the last 5 years the exports of Rwanda to Bulgaria have decreased at an annualized rate of 25.5%, from $33.8k in 2022 to $7.78k in 2017.

Exports from Bulgaria () to Rwanda () (2022)

Exports from Rwanda () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Rwanda ()

Bulgaria Exports

Date

Rwanda Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.91B

Rwanda
Top DestinationUnited Arab Emirates$568M

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 2022, countries that imported more from Bulgaria than Rwanda included Germany ($6.91B), Romania ($6.55B), and Italy ($3.85B).

In 2022, countries that imported more from Rwanda than Bulgaria included Democratic Republic of the Congo ($450M), United Arab Emirates ($568M), and Ethiopia ($55.2M).

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

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 2022, Bulgaria had a large net trade with Rwanda in the exports of Machines ($7.22M), Chemical Products ($298k), and Stone And Glass ($32k).

During 2017, Rwanda had a large net trade with Bulgaria in the exports of Vegetable Products ($4.44k) and Machines ($3.33k).

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 () (2022)

Exports from Rwanda () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Rwanda ()

Bulgaria Exports

Rwanda Exports

Market Competitiveness

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

Comparative Advantage Bulgaria - Rwanda

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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