Liberia (LBR) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Liberia-Bulgaria Trade: In 2022, Liberia exported $3.4M to Bulgaria. The main products that Liberia exported to Bulgaria were Cocoa Beans ($3.4M), Engine Parts ($2.5k), and Other Rubber Products ($48). Over the past 6 years the exports of Liberia to Bulgaria have increased at an annualized rate of 50.2%, from $296k in 2016 to $3.4M in 2022.

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

Bulgaria-Liberia Trade: In 2022, Bulgaria exported $263k to Liberia. The main products that Bulgaria exported to Liberia were Video and Card Games ($101k), Refined Petroleum ($34.3k), and Office Machine Parts ($26k). Over the past 6 years the exports of Bulgaria to Liberia have decreased at an annualized rate of 9.62%, from $724k in 2016 to $263k in 2022.

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

Comparison: In 2022, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B). 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, Liberia exported $3.4M to Bulgaria. The main products exported from Liberia to Bulgaria were Cocoa Beans ($3.4M), Engine Parts ($2.5k), and Other Rubber Products ($48). During the last 6 years the exports of Liberia to Bulgaria have increased at an annualized rate of 50.2%, from $296k in 2016 to $3.4M in 2022.

In 2017, Bulgaria exported $263k to Liberia. The main products exported from Bulgaria to Liberia were Video and Card Games ($101k), Refined Petroleum ($34.3k), and Office Machine Parts ($26k). During the last 5 years the exports of Bulgaria to Liberia have decreased at an annualized rate of 9.62%, from $724k in 2022 to $263k in 2017.

Exports from Liberia () to Bulgaria () (2022)

Exports from Bulgaria () to Liberia () (2022)

Latest Data

Trade between Liberia () and Bulgaria ()

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Liberia
Top DestinationSwitzerland$544M

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Liberia than Bulgaria included Switzerland ($544M), Tanzania ($41.5M), and Rwanda ($18.2M).

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

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

Comparative Advantage Liberia - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Liberia had a large net trade with Bulgaria in the exports of Foodstuffs ($3.4M), Machines ($2.5k), and Plastics and Rubbers ($80).

During 2017, Bulgaria had a large net trade with Liberia in the exports of Miscellaneous ($112k), Machines ($49.2k), and Foodstuffs ($41k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Liberia Bulgaria+$4.91kEngine Parts

Top Product Potential Bulgaria Liberia+$243kRefined Petroleum

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 Liberia and Bulgaria. This means that a dot/product with the flag of Liberia indicates it has a comparative advantage over Bulgaria. Similarly, a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Liberia.

About

Historical Data

Bilateral Trade by Products

Exports from Liberia () to Bulgaria () (2022)

Exports from Bulgaria () to Liberia () (2022)

Latest Data

Trade between Liberia () and Bulgaria ()

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Liberia - Bulgaria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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