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2022
Flag → Flag
Exports $171MRnk 43 / 206
2022
Flag → Flag
Top Product $25.5MHand-Woven Rugs
2022
Flag → Flag
Exports $66.7MRnk 70 / 138
2022
Flag → Flag
Top Product $26.8MAmmonia
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag  
GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC $13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC$30,436CURRENT US$
Rnk 37 / 186
2012-2022
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GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Bulgaria-Saudi Arabia Trade: In 2022, Bulgaria exported $171M to Saudi Arabia. The main products that Bulgaria exported to Saudi Arabia were Hand-Woven Rugs ($25.5M), Carbonates ($16.7M), and Particle Board ($9.33M). Over the past 5 years the exports of Bulgaria to Saudi Arabia have increased at an annualized rate of 11.8%, from $97.7M in 2017 to $171M in 2022.

In 2022, Bulgaria did not export any services to Saudi Arabia.

Saudi Arabia-Bulgaria Trade: In 2022, Saudi Arabia exported $66.7M to Bulgaria. The main products that Saudi Arabia exported to Bulgaria were Ammonia ($26.8M), Mixed Mineral or Chemical Fertilizers ($14.5M), and Propylene Polymers ($7.96M). Over the past 5 years the exports of Saudi Arabia to Bulgaria have increased at an annualized rate of 15.2%,  from $32.9M in 2017 to $66.7M in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $171M to Saudi Arabia. The main products exported from Bulgaria to Saudi Arabia were Hand-Woven Rugs ($25.5M), Carbonates ($16.7M), and Particle Board ($9.33M). During the last 5 years the exports of Bulgaria to Saudi Arabia have increased at an annualized rate of 11.8%, from $97.7M in 2017 to $171M in 2022.

In 2017, Saudi Arabia exported $66.7M to Bulgaria. The main products exported from Saudi Arabia to Bulgaria were Ammonia ($26.8M), Mixed Mineral or Chemical Fertilizers ($14.5M), and Propylene Polymers ($7.96M). During the last 5 years the exports of Saudi Arabia to Bulgaria have increased at an annualized rate of 15.2%, from $32.9M in 2022 to $66.7M in 2017.

Exports from Bulgaria (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and Saudi Arabia (Flag)

Bulgaria Exports

Saudi Arabia Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.91B
Saudi Arabia
Top DestinationChina$68B

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

In 2022, countries that imported more from Bulgaria than Saudi Arabia included Romania ($6.55B), Germany ($6.91B), and Serbia ($1.29B).

In 2022, countries that imported more from Saudi Arabia than Bulgaria included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Bulgaria (Flag) (2022)

Comparative Advantage Bulgaria - Saudi Arabia

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Saudi Arabia in the exports of Machines ($47M), Chemical Products ($35.6M), and Textiles ($29.1M).

During 2017, Saudi Arabia had a large net trade with Bulgaria in the exports of Chemical Products ($42.3M), Plastics and Rubbers ($13.5M), and Machines ($4.74M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Saudi Arabia+$5.87MPackaged Medicaments
Top Product Potential Saudi Arabia Bulgaria+$5.68MPropylene Polymers

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

Product Space of Bulgaria (Flag) and Saudi Arabia (Flag) (2022)

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