New Zealand (NZL) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

About

New Zealand-Bulgaria Trade: In 2022, New Zealand exported $14.8M to Bulgaria. The main products that New Zealand exported to Bulgaria were Wool ($7.31M), Wine ($3.08M), and Animal Organs ($1.82M). Over the past 5 years the exports of New Zealand to Bulgaria have increased at an annualized rate of 10%, from $9.19M in 2017 to $14.8M in 2022.

In 2022, New Zealand did not export any services to Bulgaria.

Bulgaria-New Zealand Trade: In 2022, Bulgaria exported $15.3M to New Zealand. The main products that Bulgaria exported to New Zealand were Copper Plating ($1.88M), Sunflower Seeds ($1.72M), and Low-voltage Protection Equipment ($1.17M). Over the past 5 years the exports of Bulgaria to New Zealand have decreased at an annualized rate of 6.33%, from $21.3M in 2017 to $15.3M in 2022.

In 2020, Bulgaria exported services to New Zealand worth $1.37M, with Travel ($571k), Transportation ($457k), and Computer and information services ($343k) being the largest in terms of value.

Comparison: In 2022, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). 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, New Zealand exported $14.8M to Bulgaria. The main products exported from New Zealand to Bulgaria were Wool ($7.31M), Wine ($3.08M), and Animal Organs ($1.82M). During the last 5 years the exports of New Zealand to Bulgaria have increased at an annualized rate of 10%, from $9.19M in 2017 to $14.8M in 2022.

In 2017, Bulgaria exported $15.3M to New Zealand. The main products exported from Bulgaria to New Zealand were Copper Plating ($1.88M), Sunflower Seeds ($1.72M), and Low-voltage Protection Equipment ($1.17M). During the last 5 years the exports of Bulgaria to New Zealand have decreased at an annualized rate of 6.33%, from $21.3M in 2022 to $15.3M in 2017.

Exports from New Zealand () to Bulgaria () (2022)

Exports from Bulgaria () to New Zealand () (2022)

Latest Data

Trade between New Zealand () and Bulgaria ()

New Zealand Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$13.1B

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from New Zealand than Bulgaria included China ($13.1B), Australia ($5.35B), and United States ($5.07B).

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

Difference in imports from Bulgaria () and New Zealand () (2022)

Comparative Advantage New Zealand - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, New Zealand had a large net trade with Bulgaria in the exports of Textiles ($7.33M), Animal Products ($3.4M), and Foodstuffs ($3.09M).

During 2017, Bulgaria had a large net trade with New Zealand in the exports of Machines ($3.55M), Metals ($3.06M), and Vegetable Products ($1.75M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Bulgaria+$633kWine

Top Product Potential Bulgaria New Zealand+$1.11MPackaged Medicaments

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

Bgr Year

In 2020, Bulgaria exported services to New Zealand worth $1.37M, with Travel ($571k), Transportation ($457k), and Computer and information services ($343k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria () to New Zealand () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Bulgaria () (2022)

Exports from Bulgaria () to New Zealand () (2022)

Latest Data

Trade between New Zealand () and Bulgaria ()

New Zealand Exports

Bulgaria Exports

Market Competitiveness

Difference in imports from Bulgaria () and New Zealand () (2022)

Comparative Advantage New Zealand - Bulgaria

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Bilateral Service Trade

Services Exports from Bulgaria () to New Zealand () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Bulgaria () (2022)

Keep Exploring