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2022
Flag → Flag
Exports $18.1kRnk 59 / 80
2022
Flag → Flag
Top Product $17kElectrical Transformers
2022
Flag → Flag
Exports $8.39MRnk 97 / 206
2022
Flag → Flag
Top Product $7.99MTug Boats
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag  
GDP$280MCURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP GROWTH55.5%CURRENT US$
Rnk 49 / 186
2022
Flag
 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC $6,728CURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186
2022
Flag
GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Marshall Islands-Bulgaria Trade: In 2022, Marshall Islands exported $18.1k to Bulgaria. The main products that Marshall Islands exported to Bulgaria were Electrical Transformers ($17k) and Air Pumps ($1.16k). Over the past 7 years the exports of Marshall Islands to Bulgaria have increased at an annualized rate of 32.1%, from $2.59k in 2015 to $18.1k in 2022.

In 2022, Marshall Islands did not export any services to Bulgaria.

Bulgaria-Marshall Islands Trade: In 2022, Bulgaria exported $8.39M to Marshall Islands. The main products that Bulgaria exported to Marshall Islands were Tug Boats ($7.99M), Recreational Boats ($268k), and Water ($31.5k). Over the past 7 years the exports of Bulgaria to Marshall Islands have increased at an annualized rate of 184%,  from $45.5k in 2015 to $8.39M in 2022.

In 2022, Bulgaria did not export any services to Marshall Islands.

Comparison In 2022,  Marshall Islands ranked 160 in total exports ($1.1B), 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, Marshall Islands exported $18.1k to Bulgaria. The main products exported from Marshall Islands to Bulgaria were Electrical Transformers ($17k) and Air Pumps ($1.16k). During the last 7 years the exports of Marshall Islands to Bulgaria have increased at an annualized rate of 32.1%, from $2.59k in 2015 to $18.1k in 2022.

In 2017, Bulgaria exported $8.39M to Marshall Islands. The main products exported from Bulgaria to Marshall Islands were Tug Boats ($7.99M), Recreational Boats ($268k), and Water ($31.5k). During the last 5 years the exports of Bulgaria to Marshall Islands have increased at an annualized rate of 184%, from $45.5k in 2022 to $8.39M in 2017.

Exports from Marshall Islands (Flag) to Bulgaria (Flag) (2022)

Exports from Bulgaria (Flag) to Marshall Islands (Flag) (2022)

Latest Data

Trade between Marshall Islands (Flag) and Bulgaria (Flag)

Bulgaria Exports

Market Competitiveness

Color
Marshall Islands
Top DestinationGermany$327M
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Marshall Islands than Bulgaria included Malta ($66.2M), Tanzania ($41M), and Rwanda ($10.3M).

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

Difference in imports from Bulgaria (Flag) and Marshall Islands (Flag) (2022)

Comparative Advantage Marshall Islands - Bulgaria

Flow
Scale

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

During 2022, Marshall Islands had a large net trade with Bulgaria in the exports of Machines ($18.1k).

During 2017, Bulgaria had a large net trade with Marshall Islands in the exports of Transportation ($8.26M), Foodstuffs ($64.7k), and Machines ($26.5k).

Economic Complexity

Competitive Landscape

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

Product Space of Marshall Islands (Flag) and Bulgaria (Flag) (2022)

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