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

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Oman-Bulgaria Trade: In 2023, Oman exported $26.8M to Bulgaria. The main products that Oman exported to Bulgaria were Semi-Finished Iron ($16M), Ammonia ($2.67M), and Aluminium Plating ($2.54M). Over the past 5 years the exports of Oman to Bulgaria have increased at an annualized rate of 80.9%, from $1.38M in 2018 to $26.8M in 2023.

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

Bulgaria-Oman Trade: In 2023, Bulgaria exported $7.31M to Oman. The main products that Bulgaria exported to Oman were Electrical Control Boards ($1.52M), Kraft Paper ($757k), and Metal Lathes ($590k). Over the past 5 years the exports of Bulgaria to Oman have decreased at an annualized rate of 2.79%, from $9.71M in 2018 to $7.31M in 2023.

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

Comparison: In 2023, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B). 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, Oman exported $26.8M to Bulgaria. The main products exported from Oman to Bulgaria were Semi-Finished Iron ($16M), Ammonia ($2.67M), and Aluminium Plating ($2.54M). During the last 5 years the exports of Oman to Bulgaria have increased at an annualized rate of 80.9%, from $1.38M in 2018 to $26.8M in 2023.

In 2018, Bulgaria exported $7.31M to Oman. The main products exported from Bulgaria to Oman were Electrical Control Boards ($1.52M), Kraft Paper ($757k), and Metal Lathes ($590k). During the last 5 years the exports of Bulgaria to Oman have decreased at an annualized rate of 2.79%, from $9.71M in 2023 to $7.31M in 2018.

Exports from Oman () to Bulgaria () (2023)

Exports from Bulgaria () to Oman () (2023)

Latest Data

Trade between Oman () and Bulgaria ()

Oman Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Oman
Top DestinationChina$30.2B

Bulgaria
Top DestinationGermany$6.84B

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 2023, countries that imported more from Oman than Bulgaria included China ($30.2B), India ($4.5B), and Saudi Arabia ($3.64B).

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

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

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 2023, Oman had a large net trade with Bulgaria in the exports of Metals ($18.6M), Chemical Products ($2.68M), and Plastics and Rubbers ($2.24M).

During 2018, Bulgaria had a large net trade with Oman in the exports of Machines ($4.16M), Paper Goods ($773k), and Foodstuffs ($530k).

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 () (2023)

Exports from Bulgaria () to Oman () (2023)

Latest Data

Trade between Oman () and Bulgaria ()

Oman Exports

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Oman - Bulgaria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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