2023
Flag  
GDP
$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH
83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP
$34BCURRENT US$
Rnk 105 / 195
2013-2023
Flag
GDP GROWTH
54.7%CURRENT US$
Rnk 65 / 195
2023
Flag
GDP PC 
$15,886CURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP PC GROWTH
107%CURRENT US$
Rnk 6 / 195
2023
Flag
GDP PC
$5,391CURRENT US$
Rnk 120 / 196
2013-2023
Flag
GDP PC GROWTH
50.5%CURRENT US$
Rnk 47 / 195

About

Bulgaria-El Salvador Trade: In 2023, Bulgaria exported $3.74M to El Salvador. The main products that Bulgaria exported to El Salvador were Medical Instruments ($560k), Centrifuges ($437k), and Office Machine Parts ($370k). Over the past 5 years the exports of Bulgaria to El Salvador have increased at an annualized rate of 17.9%, from $1.64M in 2018 to $3.74M in 2023.

In 2019, Bulgaria exported services to El Salvador worth $2.28M, with Other business services ($913k), Travel ($685k), and Computer and information services ($685k) being the largest in terms of value.

El Salvador-Bulgaria Trade: In 2023, El Salvador exported $48.8k to Bulgaria. The main products that El Salvador exported to Bulgaria were Used Clothing ($36.9k), Medical Instruments ($9.04k), and Jewellery ($1.75k). Over the past 5 years the exports of El Salvador to Bulgaria have decreased at an annualized rate of 7.7%,  from $72.8k in 2018 to $48.8k in 2023.

In 2023, El Salvador 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, El Salvador ranked 63 in the Economic Complexity Index (ECI 0.0012), and 118 in total exports ($6.76B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $3.74M to El Salvador. The main products exported from Bulgaria to El Salvador were Medical Instruments ($560k), Centrifuges ($437k), and Office Machine Parts ($370k). During the last 5 years the exports of Bulgaria to El Salvador have increased at an annualized rate of 17.9%, from $1.64M in 2018 to $3.74M in 2023.

In 2018, El Salvador exported $48.8k to Bulgaria. The main products exported from El Salvador to Bulgaria were Used Clothing ($36.9k), Medical Instruments ($9.04k), and Jewellery ($1.75k). During the last 5 years the exports of El Salvador to Bulgaria have decreased at an annualized rate of 7.7%, from $72.8k in 2023 to $48.8k in 2018.

Exports from Bulgaria (Flag) to El Salvador (Flag) (2023)

Exports from El Salvador (Flag) to Bulgaria (Flag) (2023)

Latest Data

Trade between Bulgaria (Flag) and El Salvador (Flag)

Bulgaria Exports

El Salvador Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.84B
El Salvador
Top Destination
United States$2.41B

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

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

In 2023, countries that imported more from El Salvador than Bulgaria included Guatemala ($1.15B), Honduras ($1.03B), and United States ($2.41B).

Difference in imports from El Salvador (Flag) and Bulgaria (Flag) (2023)

Comparative Advantage Bulgaria - El Salvador

Flow
Scale

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

During 2023, Bulgaria had a large net trade with El Salvador in the exports of Machines ($1.78M), Instruments ($729k), and Foodstuffs ($447k).

During 2018, El Salvador had a large net trade with Bulgaria in the exports of Textiles ($36.9k), Instruments ($9.55k), and Precious Metals ($1.75k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria El Salvador+$293kMedical Instruments
Top Product Potential El Salvador Bulgaria+$493kRaw Sugar

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

Product Space of Bulgaria (Flag) and El Salvador (Flag) (2023)

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