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2023
Flag → Flag
Exports $382MRnk 46 / 213
2023
Flag → Flag
Top Product $330MCopper Ore
2023
Flag → Flag
Exports $342MRnk 27 / 200
2023
Flag → Flag
Top Product $279MWheat
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
Flag  
GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
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GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
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 GDP$102BCURRENT US$
Rnk 69 / 195
2013-2023
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GDP GROWTH83.4%CURRENT US$
Rnk 30 / 195
2023
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GDP PC $4,876CURRENT US$
Rnk 123 / 195
2013-2023
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GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195
2023
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GDP PC$15,886CURRENT US$
Rnk 72 / 196
2013-2023
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GDP PC GROWTH107%CURRENT US$
Rnk 6 / 195

About

Indonesia-Bulgaria Trade: In 2023, Indonesia exported $382M to Bulgaria. The main products that Indonesia exported to Bulgaria were Copper Ore ($330M), Office Machine Parts ($7.44M), and Margarine ($6.25M). Over the past 5 years the exports of Indonesia to Bulgaria have increased at an annualized rate of 12.9%, from $208M in 2018 to $382M in 2023.

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

Bulgaria-Indonesia Trade: In 2023, Bulgaria exported $342M to Indonesia. The main products that Bulgaria exported to Indonesia were Wheat ($279M), Medical Instruments ($10.8M), and Explosive Ammunition ($8M). Over the past 5 years the exports of Bulgaria to Indonesia have increased at an annualized rate of 36.7%,  from $71.6M in 2018 to $342M in 2023.

In 2020, Bulgaria exported services to Indonesia worth $2.4M, with Transportation ($800k), Computer and information services ($571k), and Travel ($457k) being the largest in terms of value.

Comparison: In 2023,  Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). 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, Indonesia exported $382M to Bulgaria. The main products exported from Indonesia to Bulgaria were Copper Ore ($330M), Office Machine Parts ($7.44M), and Margarine ($6.25M). During the last 5 years the exports of Indonesia to Bulgaria have increased at an annualized rate of 12.9%, from $208M in 2018 to $382M in 2023.

In 2018, Bulgaria exported $342M to Indonesia. The main products exported from Bulgaria to Indonesia were Wheat ($279M), Medical Instruments ($10.8M), and Explosive Ammunition ($8M). During the last 5 years the exports of Bulgaria to Indonesia have increased at an annualized rate of 36.7%, from $71.6M in 2023 to $342M in 2018.

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

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

Latest Data

Trade between Indonesia (Flag) and Bulgaria (Flag)

Indonesia Exports

Bulgaria Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$70.7B
Bulgaria
Top DestinationGermany$6.84B

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

In 2023, countries that imported more from Indonesia than Bulgaria included China ($70.7B), United States ($27.9B), and India ($24B).

In 2023, countries that imported more from Bulgaria than Indonesia included Romania ($5.63B), Greece ($3.04B), and Germany ($6.84B).

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

Comparative Advantage Indonesia - Bulgaria

Flow
Scale

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

During 2023, Indonesia had a large net trade with Bulgaria in the exports of Mineral Products ($330M), Machines ($11.4M), and Animal and Vegetable Bi-Products ($8.37M).

During 2018, Bulgaria had a large net trade with Indonesia in the exports of Vegetable Products ($283M), Instruments ($17.8M), and Chemical Products ($15M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Bulgaria+$3.76MVideo Displays
Top Product Potential Bulgaria Indonesia+$17.2MWheat

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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Bilateral Service Trade

In 2020, Bulgaria exported services to Indonesia worth $2.4M, with Transportation ($800k), Computer and information services ($571k), and Travel ($457k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to Indonesia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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