2022
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GDP
$27.8BCURRENT US$
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2012-2022
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GDP GROWTH
88.7%CURRENT US$
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2022
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 GDP
$89BCURRENT US$
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2012-2022
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GDP GROWTH
64%CURRENT US$
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GDP PC 
$72,903CURRENT US$
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GDP PC GROWTH
58.5%CURRENT US$
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2022
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GDP PC
$13,772CURRENT US$
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2012-2022
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GDP PC GROWTH
85.3%CURRENT US$
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About

Iceland-Bulgaria In 2022, Iceland exported $1.23M to Bulgaria. The main products that Iceland exported to Bulgaria are Non-fillet Frozen Fish ($592k), Fish Fillets ($287k), and Non-fillet Fresh Fish ($125k). During the last 27 years the exports of Iceland to Bulgaria have increased at an annualized rate of 8.63%, from $132k in 1995 to $1.23M in 2022.

In 2019, Iceland exported services to Bulgaria worth $5.93M, with Travel ($5.49M) and Transportation ($448k) being the largest in terms of value.

Bulgaria-Iceland In 2022, Bulgaria exported $8.47M to Iceland. The main products that Bulgaria exported to Iceland were Packaged Medicaments ($688k), Cars ($559k), and Valves ($456k). During the last 27 years the exports of Bulgaria to Iceland have increased at an annualized rate of 11.3%, from $471k in 1995 to $8.47M in 2022.

In 2020, Bulgaria exported services to Iceland worth $2.86M, with Computer and information services ($1.83M), Other business services ($914k), and Travel ($114k) being the largest in terms of value.

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. 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, Iceland exported $1.23M to Bulgaria. The main products exported from Iceland to Bulgaria were Non-fillet Frozen Fish ($592k), Fish Fillets ($287k), and Non-fillet Fresh Fish ($125k). During the last 27 years the exports of Iceland to Bulgaria have increased at an annualized rate of 8.63%, from $132k in 1995 to $1.23M in 2022.

In 2022, Bulgaria exported $8.47M to Iceland. The main products exported from Bulgaria to Iceland were Packaged Medicaments ($688k), Cars ($559k), and Valves ($456k). During the last 27 years the exports of Bulgaria to Iceland have increased at an annualized rate of 11.3%, from $471k in 1995 to $8.47M in 2022.

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

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

Latest Data

Trade between Iceland (Flag) and Bulgaria (Flag)

Iceland Exports

Bulgaria Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Bulgaria
Top Destination
Germany$6.91B

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

In 2021, countries that imported more from Iceland than Bulgaria were Netherlands ($1.97B), Norway ($459M), and Japan ($174M).

In 2021, countries that imported more from Bulgaria than Iceland were Romania ($6.55B), Germany ($6.91B), and Italy ($3.85B).

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

Comparative Advantage Iceland - Bulgaria

Flow
Scale

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

During 2022, Iceland had a large net trade with Bulgaria in the exports of Animal Products ($1.05M), Instruments ($86.4k), and Animal and Vegetable Bi-Products ($29.8k).

During 2022, Bulgaria had a large net trade with Iceland in the exports of Machines ($2.25M), Textiles ($1.27M), and Chemical Products ($1.23M).

Service Trade

Bilateral Service Trade

In 2019, Iceland exported services to Bulgaria worth $5.93M, with Travel ($5.49M) and Transportation ($448k) being the largest in terms of value.

In 2020, Bulgaria exported services to Iceland worth $2.86M, with Computer and information services ($1.83M), Other business services ($914k), and Travel ($114k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland (Flag) to Bulgaria (Flag) (2019)

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Iceland has comparative advantage over Bulgaria. Similarly, the more yellow a dot/product is, the more Bulgaria has comparative advantage over Iceland.

Product Space of Iceland (Flag) and Bulgaria (Flag) (2022)

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