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2022
Flag → Flag
Exports $217MRnk 93 / 220
2022
Flag → Flag
Top Product $22.9MCars
2022
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Exports $193MRnk 40 / 206
2022
Flag → Flag
Top Product $35.6MCopper Plating
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
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GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
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GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

South Korea-Bulgaria Trade: In 2022, South Korea exported $217M to Bulgaria. The main products that South Korea exported to Bulgaria were Cars ($22.9M), Raw Aluminium ($21.8M), and Polyacetals ($18.9M). Over the past 5 years the exports of South Korea to Bulgaria have increased at an annualized rate of 8.3%, from $145M in 2017 to $217M in 2022.

In 2022, South Korea did not export any services to Bulgaria.

Bulgaria-South Korea Trade: In 2022, Bulgaria exported $193M to South Korea. The main products that Bulgaria exported to South Korea were Copper Plating ($35.6M), Wheat ($15.8M), and Lead Ore ($11.8M). Over the past 5 years the exports of Bulgaria to South Korea have increased at an annualized rate of 2.54%,  from $136M in 2017 to $193M in 2022.

In 2020, Bulgaria exported services to South Korea worth $6.28M, with Transportation ($2.4M), Computer and information services ($1.37M), and Other business services ($1.03M) being the largest in terms of value.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Latest Trends

July, 2024

About

Overview In July 2024, South Korea exported $16.9M and imported $21.4M from Bulgaria, resulting in a negative trade balance of $4.48M. Between July 2023 and July 2024 the exports of South Korea have decreased by $-1.44M (-7.85%) from $18.3M to $16.9M, while imports increased by $4.01M (23.1%) from $17.4M to $21.4M.

Trade In July 2024, the top exports of South Korea to Bulgaria were Cars, tractors, trucks & parts thereof. ($3.35M), Plastics & articles thereof ($2.42M), Man-made staple fibres ($1.01M), Electrical machinery and electronics ($997k), and Perfumery & cosmetics ($914k). In July 2024 the top imports of South Korea from Bulgaria were Non-knitted clothing accesories ($2.66M), Machinery, mechanical appliances, & parts ($1.87M), Electrical machinery and electronics ($1.72M), Knitted clothing accesories ($1.12M), and Ores, slag and ash ($971k).

Growth In July 2024, the decrease in South Korea's year-by-year exports to Bulgaria was explained primarily by an decrease in product exports in Plastics & articles thereof ($-2.64M or -52.1%), Chemical products n.e.s. ($-1.63M or -94.5%), and Cars, tractors, trucks & parts thereof. ($-1.14M or -25.5%). In July 2024, the increase in South Korea's year-by-year imports  from Bulgaria was explained primarily by an increase in product imports  in Pharmaceutical products ($278k or 1.26k%), Electrical machinery and electronics ($237k or 16%), and Optical, photo, & film equipment; medical... ($178k or 37.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-1.44M(-7.85%)
IMPORT GROWTH (July 2023 - July 2024)$4.01M(23.1%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Bulgaria and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bulgaria and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $217M to Bulgaria. The main products exported from South Korea to Bulgaria were Cars ($22.9M), Raw Aluminium ($21.8M), and Polyacetals ($18.9M). During the last 5 years the exports of South Korea to Bulgaria have increased at an annualized rate of 8.3%, from $145M in 2017 to $217M in 2022.

In 2017, Bulgaria exported $193M to South Korea. The main products exported from Bulgaria to South Korea were Copper Plating ($35.6M), Wheat ($15.8M), and Lead Ore ($11.8M). During the last 5 years the exports of Bulgaria to South Korea have increased at an annualized rate of 2.54%, from $136M in 2022 to $193M in 2017.

Exports from South Korea (Flag) to Bulgaria (Flag) (2022)

Exports from Bulgaria (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from South Korea than Bulgaria included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Bulgaria than South Korea included Romania ($6.55B), Greece ($2.93B), and Serbia ($1.29B).

Difference in imports from Bulgaria (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Bulgaria

Flow
Scale

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

During 2022, South Korea had a large net trade with Bulgaria in the exports of Plastics and Rubbers ($61.6M), Machines ($54M), and Transportation ($31.3M).

During 2017, Bulgaria had a large net trade with South Korea in the exports of Metals ($40.4M), Machines ($33.5M), and Vegetable Products ($28.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Bulgaria+$19MCars
Top Product Potential Bulgaria South Korea+$10.2MWheat

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 South Korea worth $6.28M, with Transportation ($2.4M), Computer and information services ($1.37M), and Other business services ($1.03M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to South Korea (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Bulgaria (Flag) (2022)

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