2022
Flag  
GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC 
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186

About

Bulgaria-Singapore Trade: In 2022, Bulgaria exported $38.9M to Singapore. The main products that Bulgaria exported to Singapore were Integrated Circuits ($8.59M), Machinery Having Individual Functions ($3.8M), and Medical Instruments ($2.12M). Over the past 5 years the exports of Bulgaria to Singapore have decreased at an annualized rate of 33.4%, from $296M in 2017 to $38.9M in 2022.

In 2020, Bulgaria exported services to Singapore worth $12.3M, with Communications services ($5.83M), Computer and information services ($3.2M), and Other business services ($1.94M) being the largest in terms of value.

Singapore-Bulgaria Trade: In 2022, Singapore exported $160M to Bulgaria. The main products that Singapore exported to Bulgaria were Planes, Helicopters, and/or Spacecraft ($92.9M), Bi-Wheel Vehicle Parts ($32.5M), and Computers ($7.6M). Over the past 5 years the exports of Singapore to Bulgaria have increased at an annualized rate of 9.97%,  from $56.1M in 2017 to $160M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $38.9M to Singapore. The main products exported from Bulgaria to Singapore were Integrated Circuits ($8.59M), Machinery Having Individual Functions ($3.8M), and Medical Instruments ($2.12M). During the last 5 years the exports of Bulgaria to Singapore have decreased at an annualized rate of 33.4%, from $296M in 2017 to $38.9M in 2022.

In 2017, Singapore exported $160M to Bulgaria. The main products exported from Singapore to Bulgaria were Planes, Helicopters, and/or Spacecraft ($92.9M), Bi-Wheel Vehicle Parts ($32.5M), and Computers ($7.6M). During the last 5 years the exports of Singapore to Bulgaria have increased at an annualized rate of 9.97%, from $56.1M in 2022 to $160M in 2017.

Exports from Bulgaria (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and Singapore (Flag)

Bulgaria Exports

Singapore Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Singapore
Top Destination
Hong Kong$51.6B

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

In 2022, countries that imported more from Bulgaria than Singapore included Romania ($6.55B), Italy ($3.85B), and Greece ($2.93B).

In 2022, countries that imported more from Singapore than Bulgaria included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore (Flag) and Bulgaria (Flag) (2022)

Comparative Advantage Bulgaria - Singapore

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Singapore in the exports of Machines ($20.9M), Textiles ($4.95M), and Instruments ($3.04M).

During 2017, Singapore had a large net trade with Bulgaria in the exports of Transportation ($126M), Machines ($19.5M), and Metals ($9.61M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Singapore+$9.86MIntegrated Circuits
Top Product Potential Singapore Bulgaria+$9.53MIntegrated 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 Singapore. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Bulgaria.

Product Space of Bulgaria (Flag) and Singapore (Flag) (2022)

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