Bulgaria (BGR) and Somalia (SOM) Trade | The Observatory of Economic Complexity

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Bulgaria-Somalia Trade: In 2023, Bulgaria exported $202k to Somalia. The main products that Bulgaria exported to Somalia were Used Clothing ($202k). Over the past 5 years the exports of Bulgaria to Somalia have increased at an annualized rate of 17.6%, from $89.9k in 2018 to $202k in 2023.

In 2023, Bulgaria did not export any services to Somalia.

Somalia-Bulgaria Trade: In 2023, Somalia exported $992k to Bulgaria. The main products that Somalia exported to Bulgaria were Insect Resins ($973k), Other Oily Seeds ($18.3k), and Shaving Products ($369). Over the past 5 years the exports of Somalia to Bulgaria have decreased at an annualized rate of 43.2%, from $16.7M in 2018 to $992k in 2023.

In 2023, Somalia 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, Somalia ranked 161 in total exports ($1.03B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bulgaria exported $202k to Somalia. The main products exported from Bulgaria to Somalia were Used Clothing ($202k). During the last 5 years the exports of Bulgaria to Somalia have increased at an annualized rate of 17.6%, from $89.9k in 2018 to $202k in 2023.

In 2018, Somalia exported $992k to Bulgaria. The main products exported from Somalia to Bulgaria were Insect Resins ($973k), Other Oily Seeds ($18.3k), and Shaving Products ($369). During the last 5 years the exports of Somalia to Bulgaria have decreased at an annualized rate of 43.2%, from $16.7M in 2023 to $992k in 2018.

Exports from Bulgaria () to Somalia () (2023)

Exports from Somalia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Somalia ()

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.84B

Somalia
Top DestinationUnited Arab Emirates$360M

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

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

In 2023, countries that imported more from Somalia than Bulgaria included Oman ($180M), United Arab Emirates ($360M), and Saudi Arabia ($283M).

Difference in imports from Somalia () and Bulgaria () (2023)

Comparative Advantage Bulgaria - Somalia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bulgaria had a large net trade with Somalia in the exports of Textiles ($202k).

During 2018, Somalia had a large net trade with Bulgaria in the exports of Vegetable Products ($991k) and Chemical Products ($369).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bulgaria Somalia+$77.2kComputers

Top Product Potential Somalia Bulgaria+$2.8kGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Somalia () (2023)

Exports from Somalia () to Bulgaria () (2023)

Latest Data

Trade between Bulgaria () and Somalia ()

Bulgaria Exports

Market Competitiveness

Difference in imports from Somalia () and Bulgaria () (2023)

Comparative Advantage Bulgaria - Somalia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bulgaria () and Somalia () (2023)

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