2023
Flag  
GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
 GDP
$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH
83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
GDP PC 
$7,829CURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP PC GROWTH
-2.11%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC
$15,886CURRENT US$
Rnk 72 / 196
2013-2023
Flag
GDP PC GROWTH
107%CURRENT US$
Rnk 6 / 195

About

Belarus-Bulgaria Trade: In 2023, Belarus exported $22.8M to Bulgaria. The main products that Belarus exported to Bulgaria were Locomotive Parts ($2.52M), Other Plastic Sheetings ($2.11M), and Newsprint ($2.07M). Over the past 5 years the exports of Belarus to Bulgaria have decreased at an annualized rate of 18.5%, from $63.6M in 2018 to $22.8M in 2023.

In 2014, Belarus exported services to Bulgaria worth $4.4M, with Computer and information services ($2.08M), Royalties and license fees ($2.01M), and Government services, n.i.e. ($293k) being the largest in terms of value.

Bulgaria-Belarus Trade: In 2023, Bulgaria exported $52.4M to Belarus. The main products that Bulgaria exported to Belarus were Packaged Medicaments ($13.6M), Video and Card Games ($4.1M), and Dairy Machinery ($3.82M). Over the past 5 years the exports of Bulgaria to Belarus have increased at an annualized rate of 2.2%,  from $47M in 2018 to $52.4M in 2023.

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

Comparison: In 2023,  Belarus ranked 33 in the Economic Complexity Index (ECI 0.81), and 114 in total exports ($7.61B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belarus exported $22.8M to Bulgaria. The main products exported from Belarus to Bulgaria were Locomotive Parts ($2.52M), Other Plastic Sheetings ($2.11M), and Newsprint ($2.07M). During the last 5 years the exports of Belarus to Bulgaria have decreased at an annualized rate of 18.5%, from $63.6M in 2018 to $22.8M in 2023.

In 2018, Bulgaria exported $52.4M to Belarus. The main products exported from Bulgaria to Belarus were Packaged Medicaments ($13.6M), Video and Card Games ($4.1M), and Dairy Machinery ($3.82M). During the last 5 years the exports of Bulgaria to Belarus have increased at an annualized rate of 2.2%, from $47M in 2023 to $52.4M in 2018.

Exports from Belarus (Flag) to Bulgaria (Flag) (2023)

Exports from Bulgaria (Flag) to Belarus (Flag) (2023)

Latest Data

Trade between Belarus (Flag) and Bulgaria (Flag)

Belarus Exports

Bulgaria Exports

Market Competitiveness

Color
Belarus
Top Destination
China$2.6B
Bulgaria
Top Destination
Germany$6.84B

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

In 2023, countries that imported more from Belarus than Bulgaria included China ($2.6B), Kazakhstan ($757M), and Uzbekistan ($509M).

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

Difference in imports from Bulgaria (Flag) and Belarus (Flag) (2023)

Comparative Advantage Belarus - Bulgaria

Flow
Scale

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

During 2023, Belarus had a large net trade with Bulgaria in the exports of Plastics and Rubbers ($4.52M), Transportation ($3.33M), and Paper Goods ($2.51M).

During 2018, Bulgaria had a large net trade with Belarus in the exports of Chemical Products ($19.4M), Textiles ($6.66M), and Foodstuffs ($5.44M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belarus Bulgaria+$884kInsulated Wire
Top Product Potential Bulgaria Belarus+$2.96MPackaged Medicaments

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belarus and Bulgaria. This means that a dot/product with the flag of Belarus indicates it has a comparative advantage over Bulgaria. Similarly, a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Belarus.

Product Space of Belarus (Flag) and Bulgaria (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with