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Pricing

2022
Flag → Flag
Exports $18.5MRnk 3 / 95
2022
Flag → Flag
Top Product $17.7MInsect Resins
2022
Flag → Flag
Exports $279kRnk 160 / 206
2022
Flag → Flag
Top Product $235kUsed Clothing
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC $462CURRENT US$
Rnk 183 / 186
2012-2022
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GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186
2022
Flag
GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Somalia-Bulgaria Trade: In 2022, Somalia exported $18.5M to Bulgaria. The main products that Somalia exported to Bulgaria were Insect Resins ($17.7M) and Other Oily Seeds ($820k). Over the past 5 years the exports of Somalia to Bulgaria have increased at an annualized rate of 18.9%, from $7.81M in 2017 to $18.5M in 2022.

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

Bulgaria-Somalia Trade: In 2022, Bulgaria exported $279k to Somalia. The main products that Bulgaria exported to Somalia were Used Clothing ($235k), Computers ($29.7k), and Excavation Machinery ($13.8k). Over the past 5 years the exports of Bulgaria to Somalia have increased at an annualized rate of 20.5%,  from $75.7k in 2017 to $279k in 2022.

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

Comparison In 2022,  Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index. 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, Somalia exported $18.5M to Bulgaria. The main products exported from Somalia to Bulgaria were Insect Resins ($17.7M) and Other Oily Seeds ($820k). During the last 5 years the exports of Somalia to Bulgaria have increased at an annualized rate of 18.9%, from $7.81M in 2017 to $18.5M in 2022.

In 2017, Bulgaria exported $279k to Somalia. The main products exported from Bulgaria to Somalia were Used Clothing ($235k), Computers ($29.7k), and Excavation Machinery ($13.8k). During the last 5 years the exports of Bulgaria to Somalia have increased at an annualized rate of 20.5%, from $75.7k in 2022 to $279k in 2017.

Exports from Somalia (Flag) to Bulgaria (Flag) (2022)

Exports from Bulgaria (Flag) to Somalia (Flag) (2022)

Latest Data

Trade between Somalia (Flag) and Bulgaria (Flag)

Bulgaria Exports

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Somalia than Bulgaria included Oman ($173M) and United Arab Emirates ($283M).

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

Difference in imports from Bulgaria (Flag) and Somalia (Flag) (2022)

Comparative Advantage Somalia - Bulgaria

Flow
Scale

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

During 2022, Somalia had a large net trade with Bulgaria in the exports of Vegetable Products ($18.5M).

During 2017, Bulgaria had a large net trade with Somalia in the exports of Textiles ($235k) and Machines ($43.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Bulgaria+$2.8kGold
Top Product Potential Bulgaria Somalia+$77.2kComputers

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

Product Space of Somalia (Flag) and Bulgaria (Flag) (2022)

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