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2023
Flag → Flag
Exports $101MRnk 39 / 201
2023
Flag → Flag
Top Product $88.2MIntegrated Circuits
2023
Flag → Flag
Exports $51.1MRnk 72 / 200
2023
Flag → Flag
Top Product $35.5MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
GDP PC $3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195
2023
Flag
GDP PC$15,886CURRENT US$
Rnk 72 / 196
2013-2023
Flag
GDP PC GROWTH107%CURRENT US$
Rnk 6 / 195

About

Philippines-Bulgaria Trade: In 2023, Philippines exported $101M to Bulgaria. The main products that Philippines exported to Bulgaria were Integrated Circuits ($88.2M), Video Recording Equipment ($4.84M), and Semiconductor Devices ($1.15M). Over the past 5 years the exports of Philippines to Bulgaria have decreased at an annualized rate of 3.58%, from $121M in 2018 to $101M in 2023.

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

Bulgaria-Philippines Trade: In 2023, Bulgaria exported $51.1M to Philippines. The main products that Bulgaria exported to Philippines were Integrated Circuits ($35.5M), Medical Instruments ($3.5M), and Carbonates ($1.35M). Over the past 5 years the exports of Bulgaria to Philippines have decreased at an annualized rate of 4.77%,  from $65.2M in 2018 to $51.1M in 2023.

In 2020, Bulgaria exported services to Philippines worth $6.05M, with Travel ($3.54M), Other business services ($1.6M), and Transportation ($685k) being the largest in terms of value.

Comparison: In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B). That same year, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $6.74M and imported $4.04M from Bulgaria, resulting in a positive trade balance of $2.7M. Between July 2023 and July 2024 the exports of Philippines have decreased by $-1.11M (-14.2%) from $7.85M to $6.74M, while imports increased by $328k (8.83%) from $3.71M to $4.04M.

Trade In July 2024, the top exports of Philippines to Bulgaria were Commodities not elsewhere specified ($5.08M), Integrated Circuits ($1.19M), Coconut Oil ($87.1k), Semiconductor Devices ($23.3k), and Electrical Transformers ($14.4k). In July 2024 the top imports of Philippines from Bulgaria were Commodities not elsewhere specified ($3.59M), Medical Instruments ($243k), Pesticides ($212k), Animal Food ($90k), and Therapeutic Appliances ($57.5k).

Growth In July 2024, the decrease in Philippines's year-by-year exports to Bulgaria was explained primarily by an decrease in product exports in Integrated Circuits ($-2.62M or -68.7%), Bi-Wheel Vehicle Parts ($-422k or -97%), and Other Rubber Products ($-18.3k or -61.5%). In July 2024, the increase in Philippines's year-by-year imports  from Bulgaria was explained primarily by an increase in product imports  in Commodities not elsewhere specified ($2.02M or 129%), Medical Furniture ($11.7k or 676%), and Ball Bearings ($6.02k or 12.3k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-1.11M(-14.2%)
IMPORT GROWTH (July 2023 - July 2024)$328k(8.83%)

This section shows exports and imports data at subnational level for Philippines. Click any date in the line plot or any product to explore the exports or imports behavior of Philippines over time.

To check Bulgaria and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bulgaria and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $101M to Bulgaria. The main products exported from Philippines to Bulgaria were Integrated Circuits ($88.2M), Video Recording Equipment ($4.84M), and Semiconductor Devices ($1.15M). During the last 5 years the exports of Philippines to Bulgaria have decreased at an annualized rate of 3.58%, from $121M in 2018 to $101M in 2023.

In 2018, Bulgaria exported $51.1M to Philippines. The main products exported from Bulgaria to Philippines were Integrated Circuits ($35.5M), Medical Instruments ($3.5M), and Carbonates ($1.35M). During the last 5 years the exports of Bulgaria to Philippines have decreased at an annualized rate of 4.77%, from $65.2M in 2023 to $51.1M in 2018.

Exports from Philippines (Flag) to Bulgaria (Flag) (2023)

Exports from Bulgaria (Flag) to Philippines (Flag) (2023)

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Bulgaria
Top DestinationGermany$6.84B

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

In 2023, countries that imported more from Philippines than Bulgaria included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

In 2023, countries that imported more from Bulgaria than Philippines included Romania ($5.63B), Italy ($4.06B), and Greece ($3.04B).

Difference in imports from Bulgaria (Flag) and Philippines (Flag) (2023)

Comparative Advantage Philippines - Bulgaria

Flow
Scale

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

During 2023, Philippines had a large net trade with Bulgaria in the exports of Machines ($96.9M), Plastics and Rubbers ($1.44M), and Animal and Vegetable Bi-Products ($708k).

During 2018, Bulgaria had a large net trade with Philippines in the exports of Machines ($39.2M), Instruments ($5.11M), and Chemical Products ($2.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Bulgaria+$19.8MIntegrated Circuits
Top Product Potential Bulgaria Philippines+$9.83MIntegrated Circuits

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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Bilateral Service Trade

In 2020, Bulgaria exported services to Philippines worth $6.05M, with Travel ($3.54M), Other business services ($1.6M), and Transportation ($685k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to Philippines (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Philippines (Flag) and Bulgaria (Flag) (2023)

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