Guatemala (GTM) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Guatemala-Bulgaria Trade: In 2022, Guatemala exported $8.82M to Bulgaria. The main products that Guatemala exported to Bulgaria were Raw Sugar ($8.8M), Coffee ($20k), and Jewellery ($5.16k). Over the past 5 years the exports of Guatemala to Bulgaria have increased at an annualized rate of 32.1%, from $2.2M in 2017 to $8.82M in 2022.

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

Bulgaria-Guatemala Trade: In 2022, Bulgaria exported $10.1M to Guatemala. The main products that Bulgaria exported to Guatemala were Kraft Paper ($1.83M), Animal Food ($1.28M), and Medical Instruments ($1.19M). Over the past 5 years the exports of Bulgaria to Guatemala have increased at an annualized rate of 9.83%, from $6.3M in 2017 to $10.1M in 2022.

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

Comparison: In 2022, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Guatemala exported $8.82M to Bulgaria. The main products exported from Guatemala to Bulgaria were Raw Sugar ($8.8M), Coffee ($20k), and Jewellery ($5.16k). During the last 5 years the exports of Guatemala to Bulgaria have increased at an annualized rate of 32.1%, from $2.2M in 2017 to $8.82M in 2022.

In 2017, Bulgaria exported $10.1M to Guatemala. The main products exported from Bulgaria to Guatemala were Kraft Paper ($1.83M), Animal Food ($1.28M), and Medical Instruments ($1.19M). During the last 5 years the exports of Bulgaria to Guatemala have increased at an annualized rate of 9.83%, from $6.3M in 2022 to $10.1M in 2017.

Exports from Guatemala () to Bulgaria () (2022)

Exports from Bulgaria () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Bulgaria ()

Guatemala Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.23B

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Guatemala than Bulgaria included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

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

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

Comparative Advantage Guatemala - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Guatemala had a large net trade with Bulgaria in the exports of N/A.

During 2017, Bulgaria had a large net trade with Guatemala in the exports of Chemical Products ($2.77M), Paper Goods ($1.99M), and Foodstuffs ($1.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Bulgaria+$156kRaw Sugar

Top Product Potential Bulgaria Guatemala+$1.23MPackaged 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Bulgaria () (2022)

Exports from Bulgaria () to Guatemala () (2022)

Latest Data

Trade between Guatemala () and Bulgaria ()

Guatemala Exports

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Bulgaria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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