Nepal (NPL) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Nepal-Bulgaria Trade: In 2023, Nepal exported $88.6k to Bulgaria. The main products that Nepal exported to Bulgaria were Non-Knit Women's Suits ($20.6k), Non-Knit Men's Suits ($13.2k), and Knit Men's Suits ($11.4k). Over the past 5 years the exports of Nepal to Bulgaria have increased at an annualized rate of 24.2%, from $30k in 2018 to $88.6k in 2023.

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

Bulgaria-Nepal Trade: In 2023, Bulgaria exported $2.1M to Nepal. The main products that Bulgaria exported to Nepal were Spice Seeds ($1.51M), Seed Oils ($224k), and Aircraft parts (gliders, balloons, and powered aircraft) ($137k). Over the past 5 years the exports of Bulgaria to Nepal have decreased at an annualized rate of 1.46%, from $2.36M in 2018 to $2.1M in 2023.

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

Comparison In 2023, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index. 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, Nepal exported $88.6k to Bulgaria. The main products exported from Nepal to Bulgaria were Non-Knit Women's Suits ($20.6k), Non-Knit Men's Suits ($13.2k), and Knit Men's Suits ($11.4k). During the last 5 years the exports of Nepal to Bulgaria have increased at an annualized rate of 24.2%, from $30k in 2018 to $88.6k in 2023.

In 2018, Bulgaria exported $2.1M to Nepal. The main products exported from Bulgaria to Nepal were Spice Seeds ($1.51M), Seed Oils ($224k), and Aircraft parts (gliders, balloons, and powered aircraft) ($137k). During the last 5 years the exports of Bulgaria to Nepal have decreased at an annualized rate of 1.46%, from $2.36M in 2023 to $2.1M in 2018.

Exports from Nepal () to Bulgaria () (2023)

Exports from Bulgaria () to Nepal () (2023)

Latest Data

Trade between Nepal () and Bulgaria ()

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Bulgaria
Top DestinationGermany$6.84B

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

In 2023, countries that imported more from Nepal than Bulgaria included India ($811M) and Brunei ($113k).

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

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

Comparative Advantage Nepal - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Bulgaria in the exports of Textiles ($74.6k), Arts and Antiques ($7.01k), and Footwear and Headwear ($1.87k).

During 2018, Bulgaria had a large net trade with Nepal in the exports of Vegetable Products ($1.57M), Animal and Vegetable Bi-Products ($224k), and Transportation ($137k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Bulgaria+$88.9kNon-Knit Women's Suits

Top Product Potential Bulgaria Nepal+$168kBaked Goods

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Bulgaria () (2023)

Exports from Bulgaria () to Nepal () (2023)

Latest Data

Trade between Nepal () and Bulgaria ()

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Nepal - Bulgaria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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