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2022
Flag → Flag
Exports $2.97MRnk 31 / 94
2022
Flag → Flag
Top Product $2.89MCoffee
2022
Flag → Flag
Exports $35.3kRnk 181 / 206
2022
Flag → Flag
Top Product $9.38kInsulated Wire
2022
Flag
Economic Complexity (ECI) ECI -1.53Rnk 125 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag  
GDP$30.6BCURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP GROWTH43.9%CURRENT US$
Rnk 78 / 186
2022
Flag
 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC $3,020CURRENT US$
Rnk 133 / 186
2012-2022
Flag
GDP PC GROWTH13.8%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Papua New Guinea-Bulgaria Trade: In 2022, Papua New Guinea exported $2.97M to Bulgaria. The main products that Papua New Guinea exported to Bulgaria were Coffee ($2.89M), Sawn Wood ($76.6k), and Aircraft Parts ($2.7k). Over the past 7 years the exports of Papua New Guinea to Bulgaria have increased at an annualized rate of 140%, from $6.44k in 2015 to $2.97M in 2022.

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

Bulgaria-Papua New Guinea Trade: In 2022, Bulgaria exported $35.3k to Papua New Guinea. The main products that Bulgaria exported to Papua New Guinea were Insulated Wire ($9.38k), Aircraft Parts ($8.31k), and Video Recording Equipment ($4.78k). Over the past 7 years the exports of Bulgaria to Papua New Guinea have decreased at an annualized rate of 18.5%,  from $97.9k in 2015 to $35.3k in 2022.

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

Comparison: In 2022,  Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B). 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
Value

In 2022, Papua New Guinea exported $2.97M to Bulgaria. The main products exported from Papua New Guinea to Bulgaria were Coffee ($2.89M), Sawn Wood ($76.6k), and Aircraft Parts ($2.7k). During the last 7 years the exports of Papua New Guinea to Bulgaria have increased at an annualized rate of 140%, from $6.44k in 2015 to $2.97M in 2022.

In 2017, Bulgaria exported $35.3k to Papua New Guinea. The main products exported from Bulgaria to Papua New Guinea were Insulated Wire ($9.38k), Aircraft Parts ($8.31k), and Video Recording Equipment ($4.78k). During the last 5 years the exports of Bulgaria to Papua New Guinea have decreased at an annualized rate of 18.5%, from $97.9k in 2022 to $35.3k in 2017.

Exports from Papua New Guinea (Flag) to Bulgaria (Flag) (2022)

Exports from Bulgaria (Flag) to Papua New Guinea (Flag) (2022)

Latest Data

Trade between Papua New Guinea (Flag) and Bulgaria (Flag)

Bulgaria Exports

Market Competitiveness

Color
Papua New Guinea
Top DestinationJapan$4.03B
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Papua New Guinea than Bulgaria included Japan ($4.03B), China ($3.44B), and Australia ($1.74B).

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

Difference in imports from Bulgaria (Flag) and Papua New Guinea (Flag) (2022)

Comparative Advantage Papua New Guinea - Bulgaria

Flow
Scale

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

During 2022, Papua New Guinea had a large net trade with Bulgaria in the exports of Vegetable Products ($2.89M), Wood Products ($76.6k), and Transportation ($2.7k).

During 2017, Bulgaria had a large net trade with Papua New Guinea in the exports of Machines ($16.8k), Metals ($8.94k), and Transportation ($8.31k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Papua New Guinea Bulgaria+$369kCoffee
Top Product Potential Bulgaria Papua New Guinea+$34.5kInsulated Wire

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

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

Product Space of Papua New Guinea (Flag) and Bulgaria (Flag) (2022)

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