Bulgaria (BGR) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Bulgaria-Venezuela In 2022, Bulgaria exported $667k to Venezuela. The main products that Bulgaria exported to Venezuela are Shaving Products ($404k), Medical Instruments ($103k), and Raw Plastic Sheeting ($39.7k). During the last 27 years the exports of Bulgaria to Venezuela have decreased at an annualized rate of 2.51%, from $1.32M in 1995 to $667k in 2022.

In 2020, Bulgaria exported services to Venezuela worth $343k, with Government services, n.i.e. ($114k), Travel ($114k), and Financial services ($114k) being the largest in terms of value.

Venezuela-Bulgaria In 2022, Venezuela exported $38.1k to Bulgaria. The main products that Venezuela exported to Bulgaria were Dried Legumes ($37.9k) and Printed Circuit Boards ($200). During the last 27 years the exports of Venezuela to Bulgaria have decreased at an annualized rate of 6.29%, from $220k in 1995 to $38.1k in 2022.

In 2022, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bulgaria exported $667k to Venezuela. The main products exported from Bulgaria to Venezuela were Shaving Products ($404k), Medical Instruments ($103k), and Raw Plastic Sheeting ($39.7k). During the last 27 years the exports of Bulgaria to Venezuela have decreased at an annualized rate of 2.51%, from $1.32M in 1995 to $667k in 2022.

In 2022, Venezuela exported $38.1k to Bulgaria. The main products exported from Venezuela to Bulgaria were Dried Legumes ($37.9k) and Printed Circuit Boards ($200). During the last 27 years the exports of Venezuela to Bulgaria have decreased at an annualized rate of 6.29%, from $220k in 1995 to $38.1k in 2022.

Exports from Bulgaria () to Venezuela () (2022)

Exports from Venezuela () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Venezuela ()

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bulgaria
Top DestinationGermany$6.91B

Venezuela
Top DestinationChina$703M

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

In 2021, countries that imported more from Bulgaria than Venezuela were Germany ($6.91B), Romania ($6.55B), and Italy ($3.85B).

In 2021, countries that imported more from Venezuela than Bulgaria were Brazil ($361M), Colombia ($99.8M), and Guatemala ($84.5M).

Difference in imports from Venezuela () and Bulgaria () (2022)

Comparative Advantage Bulgaria - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bulgaria had a large net trade with Venezuela in the exports of Chemical Products ($407k), Instruments ($106k), and Plastics and Rubbers ($39.7k).

During 2022, Venezuela had a large net trade with Bulgaria in the exports of Vegetable Products ($37.9k) and Machines ($200).

Service Trade

Bilateral Service Trade

Bgr Year

In 2020, Bulgaria exported services to Venezuela worth $343k, with Government services, n.i.e. ($114k), Travel ($114k), and Financial services ($114k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria () to Venezuela () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Bulgaria has comparative advantage over Venezuela. Similarly, the more yellow a dot/product is, the more Venezuela has comparative advantage over Bulgaria.

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Historical Data

Bilateral Trade by Products

Exports from Bulgaria () to Venezuela () (2022)

Exports from Venezuela () to Bulgaria () (2022)

Latest Data

Trade between Bulgaria () and Venezuela ()

Bulgaria Exports

Market Competitiveness

Difference in imports from Venezuela () and Bulgaria () (2022)

Comparative Advantage Bulgaria - Venezuela

Service Trade

Bilateral Service Trade

Services Exports from Bulgaria () to Venezuela () (2020)

Economic Complexity

Competitive Landscape

Product Space of Bulgaria () and Venezuela () (2022)

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