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Pricing

2022
Flag → Flag
Exports $7.35MRnk 79 / 168
2022
Flag → Flag
Top Product $6.44MWool
2022
Flag → Flag
Exports $2.89MRnk 123 / 206
2022
Flag → Flag
Top Product $369kBaked Goods
2022
Flag
Economic Complexity (ECI) ECI 0.15Rnk 57 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag  
GDP$71.2BCURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 96 / 186
2022
Flag
 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC $20,795CURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP PC GROWTH29.3%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Uruguay-Bulgaria Trade: In 2022, Uruguay exported $7.35M to Bulgaria. The main products that Uruguay exported to Bulgaria were Wool ($6.44M), Prepared Wool or Animal Hair ($638k), and Glues ($228k). Over the past 5 years the exports of Uruguay to Bulgaria have increased at an annualized rate of 3.17%, from $6.28M in 2017 to $7.35M in 2022.

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

Bulgaria-Uruguay Trade: In 2022, Bulgaria exported $2.89M to Uruguay. The main products that Bulgaria exported to Uruguay were Baked Goods ($369k), Wool Grease ($269k), and Cocoa Powder ($239k). Over the past 5 years the exports of Bulgaria to Uruguay have decreased at an annualized rate of 5.85%,  from $3.9M in 2017 to $2.89M in 2022.

In 2019, Bulgaria exported services to Uruguay worth $0, with being the largest in terms of value.

Comparison: In 2022,  Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). 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, Uruguay exported $7.35M to Bulgaria. The main products exported from Uruguay to Bulgaria were Wool ($6.44M), Prepared Wool or Animal Hair ($638k), and Glues ($228k). During the last 5 years the exports of Uruguay to Bulgaria have increased at an annualized rate of 3.17%, from $6.28M in 2017 to $7.35M in 2022.

In 2017, Bulgaria exported $2.89M to Uruguay. The main products exported from Bulgaria to Uruguay were Baked Goods ($369k), Wool Grease ($269k), and Cocoa Powder ($239k). During the last 5 years the exports of Bulgaria to Uruguay have decreased at an annualized rate of 5.85%, from $3.9M in 2022 to $2.89M in 2017.

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

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

Latest Data

Trade between Uruguay (Flag) and Bulgaria (Flag)

Uruguay Exports

Bulgaria Exports

Market Competitiveness

Color
Uruguay
Top DestinationChina$2.89B
Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from Uruguay than Bulgaria included China ($2.89B), Brazil ($1.69B), and Argentina ($999M).

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

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

Comparative Advantage Uruguay - Bulgaria

Flow
Scale

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

During 2022, Uruguay had a large net trade with Bulgaria in the exports of Textiles ($7.08M), Chemical Products ($228k), and Precious Metals ($14.2k).

During 2017, Bulgaria had a large net trade with Uruguay in the exports of Machines ($769k), Foodstuffs ($665k), and Metals ($387k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Uruguay Bulgaria+$393kPrepared Wool or Animal Hair
Top Product Potential Bulgaria Uruguay+$281kBaked Goods

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 2019, Bulgaria exported services to Uruguay worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to Uruguay (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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