Costa Rica (CRI) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

About

Costa Rica-Bulgaria Trade: In 2023, Costa Rica exported $309k to Bulgaria. The main products that Costa Rica exported to Bulgaria were Chemical Analysis Instruments ($118k), Other Plastic Products ($52.9k), and Coffee ($35.5k). Over the past 5 years the exports of Costa Rica to Bulgaria have decreased at an annualized rate of 1%, from $325k in 2018 to $309k in 2023.

In 2023, Costa Rica did not export any services to Bulgaria.

Bulgaria-Costa Rica Trade: In 2023, Bulgaria exported $4.14M to Costa Rica. The main products that Bulgaria exported to Costa Rica were Therapeutic Appliances ($942k), Chocolate ($429k), and Baked Goods ($399k). Over the past 5 years the exports of Bulgaria to Costa Rica have increased at an annualized rate of 1.38%, from $3.87M in 2018 to $4.14M in 2023.

In 2023, Bulgaria did not export any services to Costa Rica.

Comparison: In 2023, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Costa Rica exported $309k to Bulgaria. The main products exported from Costa Rica to Bulgaria were Chemical Analysis Instruments ($118k), Other Plastic Products ($52.9k), and Coffee ($35.5k). During the last 5 years the exports of Costa Rica to Bulgaria have decreased at an annualized rate of 1%, from $325k in 2018 to $309k in 2023.

In 2018, Bulgaria exported $4.14M to Costa Rica. The main products exported from Bulgaria to Costa Rica were Therapeutic Appliances ($942k), Chocolate ($429k), and Baked Goods ($399k). During the last 5 years the exports of Bulgaria to Costa Rica have increased at an annualized rate of 1.38%, from $3.87M in 2023 to $4.14M in 2018.

Exports from Costa Rica () to Bulgaria () (2023)

Exports from Bulgaria () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Bulgaria ()

Costa Rica Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$9.5B

Bulgaria
Top DestinationGermany$6.84B

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

In 2023, countries that imported more from Costa Rica than Bulgaria included United States ($9.5B), Guatemala ($846M), and Nicaragua ($661M).

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

Difference in imports from Bulgaria () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Costa Rica had a large net trade with Bulgaria in the exports of Instruments ($137k), Vegetable Products ($71.9k), and Plastics and Rubbers ($52.9k).

During 2018, Bulgaria had a large net trade with Costa Rica in the exports of Instruments ($1.31M), Foodstuffs ($964k), and Chemical Products ($603k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Bulgaria+$269kRaw Sugar

Top Product Potential Bulgaria Costa Rica+$806kMedical Instruments

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Bulgaria () (2023)

Exports from Bulgaria () to Costa Rica () (2023)

Latest Data

Trade between Costa Rica () and Bulgaria ()

Costa Rica Exports

Bulgaria Exports

Market Competitiveness

Difference in imports from Bulgaria () and Costa Rica () (2023)

Comparative Advantage Costa Rica - Bulgaria

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Bulgaria () (2023)

Keep Exploring