Namibia (NAM) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Namibia-Bulgaria Trade: In 2023, Namibia exported $4.75M to Bulgaria. The main products that Namibia exported to Bulgaria were Refined Copper ($4.69M), Collector's Items ($36.1k), and Grapes ($25.7k). Over the past 5 years the exports of Namibia to Bulgaria have increased at an annualized rate of 150%, from $48.3k in 2018 to $4.75M in 2023.

In 2023, Namibia did not export any services to Bulgaria.

Bulgaria-Namibia Trade: In 2023, Bulgaria exported $62.8M to Namibia. The main products that Bulgaria exported to Namibia were Copper Ore ($55.7M), Other Ores ($3.64M), and Sulfuric Acid ($1.89M). Over the past 5 years the exports of Bulgaria to Namibia have decreased at an annualized rate of 21.1%, from $205M in 2018 to $62.8M in 2023.

In 2023, Bulgaria did not export any services to Namibia.

Comparison: In 2023, Namibia ranked 98 in the Economic Complexity Index (ECI -0.74), and 124 in total exports ($6.28B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Namibia exported $4.75M to Bulgaria. The main products exported from Namibia to Bulgaria were Refined Copper ($4.69M), Collector's Items ($36.1k), and Grapes ($25.7k). During the last 5 years the exports of Namibia to Bulgaria have increased at an annualized rate of 150%, from $48.3k in 2018 to $4.75M in 2023.

In 2018, Bulgaria exported $62.8M to Namibia. The main products exported from Bulgaria to Namibia were Copper Ore ($55.7M), Other Ores ($3.64M), and Sulfuric Acid ($1.89M). During the last 5 years the exports of Bulgaria to Namibia have decreased at an annualized rate of 21.1%, from $205M in 2023 to $62.8M in 2018.

Exports from Namibia () to Bulgaria () (2023)

Exports from Bulgaria () to Namibia () (2023)

Latest Data

Trade between Namibia () and Bulgaria ()

Namibia Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Namibia
Top DestinationSouth Africa$1.71B

Bulgaria
Top DestinationGermany$6.84B

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

In 2023, countries that imported more from Namibia than Bulgaria included South Africa ($1.71B), Botswana ($504M), and Zambia ($329M).

In 2023, countries that imported more from Bulgaria than Namibia included Germany ($6.84B), Romania ($5.63B), and Italy ($4.06B).

Difference in imports from Bulgaria () and Namibia () (2023)

Comparative Advantage Namibia - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Namibia had a large net trade with Bulgaria in the exports of Metals ($4.69M), Arts and Antiques ($36.1k), and Vegetable Products ($25.7k).

During 2018, Bulgaria had a large net trade with Namibia in the exports of Mineral Products ($59.3M), Chemical Products ($1.93M), and Textiles ($598k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Namibia Bulgaria+$27.6kWood Charcoal

Top Product Potential Bulgaria Namibia+$85.7kComputers

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

About

Historical Data

Bilateral Trade by Products

Exports from Namibia () to Bulgaria () (2023)

Exports from Bulgaria () to Namibia () (2023)

Latest Data

Trade between Namibia () and Bulgaria ()

Namibia Exports

Bulgaria Exports

Market Competitiveness

Difference in imports from Bulgaria () and Namibia () (2023)

Comparative Advantage Namibia - Bulgaria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Namibia () and Bulgaria () (2023)

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