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Pricing

2023
Flag → Flag
Exports $193MRnk 38 / 200
2023
Flag → Flag
Top Product $17.9MStone Processing Machines
2023
Flag → Flag
Exports $98.7MRnk 77 / 182
2023
Flag → Flag
Top Product $29.4MPropylene Polymers
2023
Flag
Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 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$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Bulgaria-Saudi Arabia Trade: In 2023, Bulgaria exported $193M to Saudi Arabia. The main products that Bulgaria exported to Saudi Arabia were Stone Processing Machines ($17.9M), High-voltage Protection Equipment ($17M), and Carbonates ($14.2M). Over the past 5 years the exports of Bulgaria to Saudi Arabia have increased at an annualized rate of 13.3%, from $103M in 2018 to $193M in 2023.

In 2023, Bulgaria did not export any services to Saudi Arabia.

Saudi Arabia-Bulgaria Trade: In 2023, Saudi Arabia exported $98.7M to Bulgaria. The main products that Saudi Arabia exported to Bulgaria were Propylene Polymers ($29.4M), Scrap Copper ($24.7M), and Mixed Mineral or Chemical Fertilizers ($14M). Over the past 5 years the exports of Saudi Arabia to Bulgaria have increased at an annualized rate of 27.8%,  from $29M in 2018 to $98.7M in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $193M to Saudi Arabia. The main products exported from Bulgaria to Saudi Arabia were Stone Processing Machines ($17.9M), High-voltage Protection Equipment ($17M), and Carbonates ($14.2M). During the last 5 years the exports of Bulgaria to Saudi Arabia have increased at an annualized rate of 13.3%, from $103M in 2018 to $193M in 2023.

In 2018, Saudi Arabia exported $98.7M to Bulgaria. The main products exported from Saudi Arabia to Bulgaria were Propylene Polymers ($29.4M), Scrap Copper ($24.7M), and Mixed Mineral or Chemical Fertilizers ($14M). During the last 5 years the exports of Saudi Arabia to Bulgaria have increased at an annualized rate of 27.8%, from $29M in 2023 to $98.7M in 2018.

Exports from Bulgaria (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Bulgaria (Flag) (2023)

Latest Data

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

Bulgaria Exports

Saudi Arabia Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.84B
Saudi Arabia
Top DestinationChina$64.4B

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 2023, countries that imported more from Bulgaria than Saudi Arabia included Romania ($5.63B), Germany ($6.84B), and Greece ($3.04B).

In 2023, countries that imported more from Saudi Arabia than Bulgaria included China ($64.4B), Japan ($34.7B), and India ($34.8B).

Difference in imports from Saudi Arabia (Flag) and Bulgaria (Flag) (2023)

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 2023, Bulgaria had a large net trade with Saudi Arabia in the exports of Machines ($78.2M), Chemical Products ($41M), and Foodstuffs ($14.2M).

During 2018, Saudi Arabia had a large net trade with Bulgaria in the exports of Plastics and Rubbers ($34.5M), Chemical Products ($27.3M), and Metals ($26.7M).

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) (2023)

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