Oman (OMN) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Oman-Bulgaria Trade: In 2022, Oman exported $18.4M to Bulgaria. The main products that Oman exported to Bulgaria were Aluminium Plating ($14.4M), Polyacetals ($1.52M), and Raw Aluminium ($1.11M). Over the past 5 years the exports of Oman to Bulgaria have increased at an annualized rate of 55.1%, from $2.05M in 2017 to $18.4M in 2022.

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

Bulgaria-Oman Trade: In 2022, Bulgaria exported $14.9M to Oman. The main products that Bulgaria exported to Oman were Kraft Paper ($4.46M), Electrical Control Boards ($2.46M), and Air Pumps ($1.17M). Over the past 5 years the exports of Bulgaria to Oman have increased at an annualized rate of 2.31%, from $13.3M in 2017 to $14.9M in 2022.

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

Comparison: In 2022, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B). 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, Oman exported $18.4M to Bulgaria. The main products exported from Oman to Bulgaria were Aluminium Plating ($14.4M), Polyacetals ($1.52M), and Raw Aluminium ($1.11M). During the last 5 years the exports of Oman to Bulgaria have increased at an annualized rate of 55.1%, from $2.05M in 2017 to $18.4M in 2022.

In 2017, Bulgaria exported $14.9M to Oman. The main products exported from Bulgaria to Oman were Kraft Paper ($4.46M), Electrical Control Boards ($2.46M), and Air Pumps ($1.17M). During the last 5 years the exports of Bulgaria to Oman have increased at an annualized rate of 2.31%, from $13.3M in 2022 to $14.9M in 2017.

Exports from Oman () to Bulgaria () (2022)

Exports from Bulgaria () to Oman () (2022)

Latest Data

Trade between Oman () and Bulgaria ()

Oman Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.4B

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Oman than Bulgaria included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

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

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

Comparative Advantage Oman - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Oman had a large net trade with Bulgaria in the exports of Metals ($15.5M), Plastics and Rubbers ($1.56M), and Machines ($532k).

During 2017, Bulgaria had a large net trade with Oman in the exports of Machines ($5.62M), Paper Goods ($4.47M), and Chemical Products ($1.35M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Oman Bulgaria+$1.35MPolyacetals

Top Product Potential Bulgaria Oman+$825kSeed Oils

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

About

Historical Data

Bilateral Trade by Products

Exports from Oman () to Bulgaria () (2022)

Exports from Bulgaria () to Oman () (2022)

Latest Data

Trade between Oman () and Bulgaria ()

Oman Exports

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Oman - Bulgaria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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