Mexico (MEX) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Mexico-Bulgaria Trade: In 2022, Mexico exported $76.5M to Bulgaria. The main products that Mexico exported to Bulgaria were Precious Metal Ore ($65.9M), Beer ($2.47M), and Other Measuring Instruments ($2.26M). Over the past 5 years the exports of Mexico to Bulgaria have increased at an annualized rate of 26.7%, from $23.4M in 2017 to $76.5M in 2022.

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

Bulgaria-Mexico Trade: In 2022, Bulgaria exported $105M to Mexico. The main products that Bulgaria exported to Mexico were Medical Instruments ($9.72M), Video and Card Games ($9.51M), and Electrical Power Accessories ($6.24M). Over the past 5 years the exports of Bulgaria to Mexico have increased at an annualized rate of 4.58%, from $83.7M in 2017 to $105M in 2022.

In 2020, Bulgaria exported services to Mexico worth $2.51M, with Transportation ($1.14M), Travel ($571k), and Computer and information services ($457k) being the largest in terms of value.

Comparison: In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). 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, Mexico exported $76.5M to Bulgaria. The main products exported from Mexico to Bulgaria were Precious Metal Ore ($65.9M), Beer ($2.47M), and Other Measuring Instruments ($2.26M). During the last 5 years the exports of Mexico to Bulgaria have increased at an annualized rate of 26.7%, from $23.4M in 2017 to $76.5M in 2022.

In 2017, Bulgaria exported $105M to Mexico. The main products exported from Bulgaria to Mexico were Medical Instruments ($9.72M), Video and Card Games ($9.51M), and Electrical Power Accessories ($6.24M). During the last 5 years the exports of Bulgaria to Mexico have increased at an annualized rate of 4.58%, from $83.7M in 2022 to $105M in 2017.

Exports from Mexico () to Bulgaria () (2022)

Exports from Bulgaria () to Mexico () (2022)

Latest Data

Trade between Mexico () and Bulgaria ()

Mexico Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$421B

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Mexico than Bulgaria included United States ($421B), Canada ($22.2B), and China ($12.7B).

In 2022, countries that imported more from Bulgaria than Mexico included Romania ($6.55B), Greece ($2.93B), and Italy ($3.85B).

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

Comparative Advantage Mexico - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mexico had a large net trade with Bulgaria in the exports of Mineral Products ($66.3M), Foodstuffs ($2.74M), and Instruments ($2.54M).

During 2017, Bulgaria had a large net trade with Mexico in the exports of Machines ($34.7M), Miscellaneous ($16.1M), and Instruments ($12.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Bulgaria+$4.2MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Bulgaria Mexico+$7.04MMedical Instruments

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

Bgr Year

In 2020, Bulgaria exported services to Mexico worth $2.51M, with Transportation ($1.14M), Travel ($571k), and Computer and information services ($457k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Bulgaria () (2022)

Exports from Bulgaria () to Mexico () (2022)

Latest Data

Trade between Mexico () and Bulgaria ()

Mexico Exports

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Mexico - Bulgaria

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Bulgaria () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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