2022
Flag  
GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
 GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC 
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186
2022
Flag
GDP PC
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186

About

Belarus-Bulgaria Trade: In 2022, Belarus exported $45.7M to Bulgaria. The main products that Belarus exported to Bulgaria were Delivery Trucks ($8.39M), Hot-Rolled Iron Bars ($6.42M), and Locomotive Parts ($3.3M). Over the past 5 years the exports of Belarus to Bulgaria have increased at an annualized rate of 18.9%, from $19.3M in 2017 to $45.7M in 2022.

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 2022, Bulgaria exported $42.1M to Belarus. The main products that Bulgaria exported to Belarus were Packaged Medicaments ($13M), Wadding ($2.61M), and Washing and Bottling Machines ($2.25M). Over the past 5 years the exports of Bulgaria to Belarus have decreased at an annualized rate of 1.96%,  from $46.5M in 2017 to $42.1M in 2022.

In 2022, Bulgaria did not export any services to Belarus.

Comparison: In 2022,  Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belarus exported $45.7M to Bulgaria. The main products exported from Belarus to Bulgaria were Delivery Trucks ($8.39M), Hot-Rolled Iron Bars ($6.42M), and Locomotive Parts ($3.3M). During the last 5 years the exports of Belarus to Bulgaria have increased at an annualized rate of 18.9%, from $19.3M in 2017 to $45.7M in 2022.

In 2017, Bulgaria exported $42.1M to Belarus. The main products exported from Bulgaria to Belarus were Packaged Medicaments ($13M), Wadding ($2.61M), and Washing and Bottling Machines ($2.25M). During the last 5 years the exports of Bulgaria to Belarus have decreased at an annualized rate of 1.96%, from $46.5M in 2022 to $42.1M in 2017.

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

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

Latest Data

Trade between Belarus (Flag) and Bulgaria (Flag)

Belarus Exports

Bulgaria Exports

Market Competitiveness

Color
Belarus
Top Destination
China$1.6B
Bulgaria
Top Destination
Germany$6.91B

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 2022, countries that imported more from Belarus than Bulgaria included Kazakhstan ($827M), China ($1.6B), and Lithuania ($778M).

In 2022, countries that imported more from Bulgaria than Belarus included Romania ($6.55B), Germany ($6.91B), and Italy ($3.85B).

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

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 2022, Belarus had a large net trade with Bulgaria in the exports of Transportation ($15.5M), Metals ($9.15M), and Plastics and Rubbers ($4.86M).

During 2017, Bulgaria had a large net trade with Belarus in the exports of Chemical Products ($18.1M), Textiles ($4.86M), and Machines ($4.14M).

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.

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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) (2022)

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