Paraguay (PRY) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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Paraguay-Bulgaria Trade: In 2022, Paraguay exported $2.21M to Bulgaria. The main products that Paraguay exported to Bulgaria were Other Oily Seeds ($1.42M), Rice ($525k), and Scrap Copper ($163k). Over the past 5 years the exports of Paraguay to Bulgaria have increased at an annualized rate of 40.5%, from $403k in 2017 to $2.21M in 2022.

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

Bulgaria-Paraguay Trade: In 2022, Bulgaria exported $3.36M to Paraguay. The main products that Bulgaria exported to Paraguay were Low-voltage Protection Equipment ($639k), Metal Insulating Fittings ($623k), and Other Rubber Products ($283k). Over the past 5 years the exports of Bulgaria to Paraguay have decreased at an annualized rate of 0.52%, from $3.45M in 2017 to $3.36M in 2022.

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

Comparison: In 2022, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B). 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, Paraguay exported $2.21M to Bulgaria. The main products exported from Paraguay to Bulgaria were Other Oily Seeds ($1.42M), Rice ($525k), and Scrap Copper ($163k). During the last 5 years the exports of Paraguay to Bulgaria have increased at an annualized rate of 40.5%, from $403k in 2017 to $2.21M in 2022.

In 2017, Bulgaria exported $3.36M to Paraguay. The main products exported from Bulgaria to Paraguay were Low-voltage Protection Equipment ($639k), Metal Insulating Fittings ($623k), and Other Rubber Products ($283k). During the last 5 years the exports of Bulgaria to Paraguay have decreased at an annualized rate of 0.52%, from $3.45M in 2022 to $3.36M in 2017.

Exports from Paraguay () to Bulgaria () (2022)

Exports from Bulgaria () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Bulgaria ()

Paraguay Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Paraguay than Bulgaria included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

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

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

Comparative Advantage Paraguay - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Bulgaria in the exports of Vegetable Products ($1.95M), Metals ($163k), and Animal Products ($88.6k).

During 2017, Bulgaria had a large net trade with Paraguay in the exports of Machines ($1.82M), Chemical Products ($544k), and Plastics and Rubbers ($376k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Bulgaria+$367kRice

Top Product Potential Bulgaria Paraguay+$388kLow-voltage Protection Equipment

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Bulgaria () (2022)

Exports from Bulgaria () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Bulgaria ()

Paraguay Exports

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Bulgaria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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